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Office of the Comptroller of the Currency

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A collection of news and information related to Office of the Comptroller of the Currency published by this site and its partners.

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    Dec 1, 2011 |Story| Baltimore Sun

  1. Bank of America to pay $2.5 million to Maryland groups

    More than 40 charities, nonprofits and government agencies in Maryland this week will learn if they are to receive anywhere from $5,000 to more than $300,000 as part of a settlement with Bank of America. Just in time for the holidays!
    More than 40 charities, nonprofits and government agencies in Maryland this week will learn if they are to receive anywhere from $5,000 to more than $300,000 as part of a settlement with Bank of America. Just in time for the holidays! The $67...

    Tags: Banking, Bank of America Corp., Douglas F. Gansler

    2. Aug 22, 2011 |Story| Baltimore Sun

  2. Consumer advocates fear that more traditional banks will be offering payday loans

    If you are offered a short-term advance on your paycheck at a triple-digit interest rate, you might think you're being pitched a payday loan — a product that's basically banned in Maryland and other states with rate caps.
    If you are offered a short-term advance on your paycheck at a triple-digit interest rate, you might think you're being pitched a payday loan — a product that's basically banned in Maryland and other states with rate caps. But what if that deal came...

    Tags: Wachovia Corp., Money and Monetary Policy, Consumers, Finance, Elections

    3. Jul 18, 2011 |Story| Baltimore Sun

  3. A year in the making, consumers finally get greater protections on financial matters

    Consumer advocates aren't getting their first choice to lead the new Consumer Financial Protection Bureau. Despite the setback, this is still a big week for consumer protection. Thursday is the one-year anniversary of the Dodd-Frank Wall Street Reform...

    Tags: Christopher Dodd, Barack Obama, Consumers, Finance, Elizabeth Warren

    4. May 27, 2012 |Story| Los Angeles Times

  4. Federal Reserve uses YouTube to promote free foreclosure reviews

    It sounded like the biggest no-brainer in the history of bank screw-ups -- a free, government-sponsored review of foreclosure proceedings, with compensation for homeowners who suffered financial harm.
    It sounded like the biggest no-brainer in the history of bank screw-ups -- a free, government-sponsored review of foreclosure proceedings, with compensation for homeowners who suffered financial harm. As it turned out, so few borrowers responded that the...

    Tags: Mortgages, YouTube, EMC Corporation, Media Industry, Finance

    5. May 27, 2012 |Column| Tribune Media Services

  5. Is bankruptcy a better option than strategic default?

    Real Estate Matters
    Q: About a month ago, you wrote an article about strategic default options for underwater homeowners. I was surprised that you didn't mention bankruptcy with surrender as an option for underwater homeowners. Going beyond strategic default, there's a...

    Tags: Financially Distressed Companies, Homes, Trials, Real Estate, Finance

    6. May 25, 2012 |Story| Reuters

  6. UPDATE 1-JPMorgan's Dimon to testify before Congress in June

    Reuters
    * Senate Banking Committee invites Dimon to appear * Sen. Johnson: Lawmakers need to know trades' implications * Dimon has said he will testify * Part of a series of congressional hearings on JPM's loss By Alexandra Alper WASHINGTON, May 25 (Reuters)...

    Tags: JPMorgan Chase & Co., Federal Reserve, Finance, Mary Schapiro, FBI

    7. May 25, 2012 |Story| Reuters

  7. JPMorgan's Dimon to testify before Congress in June

    Reuters
    WASHINGTON (Reuters) - JPMorgan Chase Chief Executive Jamie Dimon has been invited to testify before the Senate Banking Committee on June 7 to give lawmakers insight into the bank's trading loss of at least $2 billion, Senator Tim Johnson said on Friday....

    Tags: JPMorgan Chase & Co., Federal Reserve, Tim Johnson, Finance, FBI

    8. May 22, 2012 |Story| Reuters

  8. UPDATE 3-SEC looking at JPMorgan's financial reporting

    Reuters
    * Schapiro: looking at "completeness" of financial reports * Says banks required to disclose changes to risk models * JPMorgan said to have quietly changed risk models * Regulators using JPMorgan trading loss to push reforms By Sarah N. Lynch and Dave...

    Tags: JPMorgan Chase & Co., Christopher Dodd, Federal Reserve, Richard Shelby, Tim Johnson

    9. May 22, 2012 |Story| Reuters

  9. SEC looking at JPMorgan's financial reporting

    Reuters
    WASHINGTON (Reuters) - The head of the U.S. Securities and Exchange Commission told lawmakers on Tuesday that her agency is probing JPMorgan Chase and Co's financial reporting and emphasized that big banks are required to publicly disclose changes to...

    Tags: JPMorgan Chase & Co., Christopher Dodd, Federal Reserve, Richard Shelby, U.S. Senate

    10. May 18, 2012 |Story| Allentown Morning Call

  10. As ordered, Louis DeNaples quits bank board

    SCRANTON — Mount Airy Casino founder Louis A. DeNaples yielded to federal bank regulators and resigned from the board of First National Community Bancorp Inc., the bank revealed Thursday. DeNaples' resignation complies with an order from the...

    Tags: Lackawanna County, Mount Airy, Organized Crime, Prosecution, Monroe County (Pennsylvania)

    11. May 17, 2012 |Story| Reuters

  11. Corporate settlement policy unlikely to be changed by Congress

    Reuters
    * Hearing held before House Financial Services Committee * Judge Rakoff rejected Citigroup-SEC settlement * Regulators said policy crucial to agency mission By Aruna Viswanatha WASHINGTON, May 17 (Reuters) - U.S. lawmakers showed little support on...

    Tags: Defendants, Washington, DC, Financial and Business Services, Finance, Prosecution

    12. May 15, 2012 |Story| Reuters

  12. RPT-UPDATE 2-JPMorgan trade on regulators' radar in April-source

    Reuters
    By Jonathan Spicer NEW YORK, May 15 (Reuters) - Regulators first raised concerns in April about trading positions that led to a $2 billion-plus loss at JPMorgan Chase & Co, and they posed questions to senior management at the bank, a source familiar with...

    Tags: JPMorgan Chase & Co., Sheila Bair, United Kingdom, Central Bank, Federal Reserve

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