News

This page provides a topical view of OCC News Releases, speeches and testimony of particular legal and regulatory interest for the past six months.  What’s New maintains a comprehensive listing of all items in a historical database.

Archived News Articles
Basel
Check 21 Act
Comptroller’s Handbook
Electronic Interpretations and Actions
Enforcement Action
FACT-ACT
Investments
Predatory Lending
Preemption
Quarterly Journal
Regulatory Burden
Trust and Fiduciary Powers
USA Patriot Act Bank Secrecy Act/Anti-Money Laundering

Topic	Date	Item
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Basel	06/26/2004	Banking Agencies Announce Publication of Revised Capital Framework and Describe U.S. Implementation Efforts - NR 2004-52 Basel Announcement International Convergence of Capital Measurement and Capital Standards: A Revised Framework
Check 21 Act	08/25/2004	OCC 2004-38, 12 CFR 229 (Regulation CC): Availability of Funds and Collection of Checks WORD ASCII This bulletin states that on July 26, 2004, the Federal Reserve Board released final amendments to Regulation CC and its commentary to implement the Check Clearing for the 21st Century Act (Check 21 Act), which was enacted on October 28, 2003, and becomes effective on October 28, 2004. These amendments set forth the requirements of the Check 21 Act that apply to banks, a model consumer awareness disclosure and other model notices, and endorsement and identification requirements for substitute checks.
Comptroller’s Handbook	08/04/2004	"Related Organizations ," a booklet in the Comptroller's Handbook series. Understand the risks of relationships with entities such as affiliates and subsidiaries.
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Electronic Interpretations and Actions	09/28/2004	OCC Announces New Electronic Interpretations and Actions - September 2004
Electronic Interpretations and Actions	08/24/2004	OCC Announces New Electronic Interpretations and Actions - August 2004
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Electronic Interpretations and Actions	07/20/2004	OCC Announces New Electronic Interpretations and Actions - July 2004
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Enforcement Action	08/23/2004	News Release 2004-71, OCC Announces 14 Enforcement Actions and One Termination
FACT-ACT/FCRA	07/29/2004	OCC 2004-35, Fair Credit Reporting Act: Final Rule: Model Notices for Furnishing Negative Information WORD ASCII The Board of Governors of the Federal Reserve System published a final rule that sets forth model notices that financial institutions may use to comply with the notice requirement relating to furnishing negative information contained in section 217 of the Fair and Accurate Credit Transactions Act of 2003. The final rule became effective on July 16, 2004.
FACT-ACT	07/02/2004	OCC and the other federal financial institutions supervisory agencies today issued proposed regulations that would give consumers the chance to "opt out" before a financial institution uses information provided by an affiliated company to market its products and services to the consumer - NR 2004-54
FACT-ACT	06/24/2004	OCC approves proposed rule to implement the affiliate marketing notice and opt out provisions in section 214 of the Fair and Accurate Credit Transactions Act of 2003 (FACT Act) Notice of Proposed Rule
FACT-ACT	06/08/2004	Agencies Propose Rules on Disposal of Consumer Information – NR 2004-45 Proper Disposal of Consumer Information under the Fair and Accurate Credit Transactions Act of 2003
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Investments	07/06/2004	Bank Acquisition of a Non-Controlling Interest in a Limited Liability Company that Generates New Markets Tax Credits
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Predatory Lending	06/15/2004	OCC Chief Counsel Julie L. Williams Calls For Greater Cooperation to Combat Predatory Lending before the annual meeting of the Cleveland Neighborhood Housing Services (NHS) - NR 2004-46 Speech
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Preemption	08/19/2004	This letter to the the National Association of State Treasurers (NAST) and the National Association of Unclaimed Property Administrators (NAUPA) clarifies that the OCC’s preemption and visitorial powers regulations do not change existing standards, established by U.S. Supreme Court precedent and federal statute, that govern the applicability and enforcement of state unclaimed property and escheat laws.
Quarterly Journal	08/27/2004	OCC Releases Fourth Quarter Edition of Quarterly Journal on the Web The March 2004 issue of the Quarterly Journal, Vol. 23, No. 1 (for the fourth quarter 2003), is now available on-line in PDF. This issue features an “About the OCC” section that contains organization charts and complete lists of Comptrollers, senior deputy comptrollers, and deputy comptrollers. (Subscribe). Send inquiries to Quarterly Journal.
Quarterly Journal	07/07/2004	OCC Releases Third Quarter Edition of Quarterly Journal on the Web (in PDF) (Subscribe to CD-ROM issuance.)
Regulatory Burden	06/22/2004	OCC Chief Counsel Julie L. Williams Tells Senate Banking Committee That Unnecessary Regulatory Burden Hurts Both Banks and Consumers - NR 2004-50 Testimony
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Trust and Fiduciary Powers	06/22/2004	OCC issued this letter addressing the bank's fiduciary powers and concluding that the bank has the authority to implement a national fiduciary program
USA Patriot Act Bank Secrecy Act/Anti-Money Laundering	07/15/2004	Deputy Chief Counsel Daniel P. Stipano, Deputy Comptroller for Midsize and Credit Card Banks Jennifer Kelly, and National Bank Examiner Lester Miller, testified before a Senate subcommittee on the supervisory and enforcement actions the OCC has taken against Riggs Bank, and the challenge of combating money laundering and terrorist financing in the United States - NR 2004-57 Oral Statement Testimony
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