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The Latest Breaking News from OCC

Circle Just Applied for a Bank Charter. How Should You Play CRCL Stock Here?

Circle has reportedly filed for a national trust bank charter with the OCC. JPMorgan analyst says CRCL shares are egregiously overvalued at current levels.

Barchart

It’s not inevitable that musical dinosaurs dominate the charts. Here’s how we rescue pop in Britain

Thanks to streaming, the charts are dominated by albums from years ago. Australia has shown how to give new artists a chance, says music business journalist Eamonn Forde

The Guardian - UK

After delay, Johnson appoints ethics watchdog board members - Roll Call

Speaker Mike Johnson named two appointees to an independent congressional ethics and oversight board, ending an unprecedented delay.

Roll Call

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Beware of ‘check-washing’ scams—a crook stole $310,000 from one entrepreneur and the banks responsible won’t help

In 2023, nearly 80%, or $21.1 billion, of global check fraud occurred in the Americas

Fortune

Why weakening U.S. bank regulators could repeat the mistakes of the 2008 financial crisis

As United States President Donald Trump’s tariff announcements wreak havoc on stock markets, concerns are mounting over the possibility of a global financial crisis.

The Conversation

‘Nothing but a pattern’: Ethics advocates alarmed by delay for House watchdog - Roll Call

More than three months into the new Congress, House leaders have not yet appointed board members of the Office of Congressional Conduct.

Roll Call

US regulator OCC notifies Congress of major security breach

Around 150,000 emails were accessed, which included plenty of sensitive information.

TechRadar

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House Ethics panel continues scrutiny of Rep. Cory Mills - Roll Call

Allegations referred to the panel by the Office of Congressional Conduct involve campaign finance and government contracts.

Roll Call

Crypto Pumps On News Of Trump's OCC Chief Pick, A Former Bitfury Executive

Crypto prices surged overnight after the White House filed a nomination for Jonathan Gould to lead the OCC, but some crypto users aren't sure the former Bitfury executive's "ties" to BlackRock is good news.

International Business Times

Citigroup CFO Mark Mason tells Goldman Sachs audience why his bank failed to meet regulatory requirements as part of $400 million penalty

The chief financial officer explained how the way Citigroup was founded is contributing to problems complying with regulatory requirements.

Fortune

You Sure That's How You Take a Motorcycle's Seat Off? Paul Sr's Bike Build-Off Gets Going

The divide between metric and imperial bikes is more than just different tool sets and measurement standards, as you're probably well aware. Still, this video from Paul Sr. and his crew at Orange County Choppers, as they get stuck into working on their build-off bike, makes the differences painfully clear.

RideApart

Google backs new Open Cloud Coalition to lobby across Europe

Google is one of the 10 members that formed the Open Cloud Coalition, and Microsoft thinks that’s suspicious.

TechRadar

Let The Paul Sr Vs Bearded Mechanic Vs Bikes & Beards Build-Off Begin!

Orange County Choppers impresario Paul Sr. invited Bikes and Beards and the Bearded Mechanic to Florida to hash out the terms of their bike build-off challenge.

RideApart

OCC Orders Wells Fargo To Fix Lapses In Money Laundering Controls

U.S. regulator ordered Wells Fargo to tighten its controls on money laundering to prevent propagation of illicit transactions.

International Business Times

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RideApart

Bikes And Beards Just Got Called Out By Paul Senior, For Some Reason

Orange County Choppers was a big deal in the early 2000s, as much for its drama-filled TV show as its bike builds. And now Paul Sr. is meeting the Internet.

Advnture

UTMB 2024: We're live at the starting line and history has already been made

50 km results are in and the 100 km race is underway as we wait for the 100-mile finale

The Guardian - UK

Still No 1? How the music charts lost their lustre

The Top 40 used to bring the UK together. But since the streaming revolution, what we listen to has become increasingly hard to tally

International Business Times

US Regulator Finds Weak Risk Management At 11 Banks

The OCC found that 11 of the 22 large banks under its supervision have "insufficient" or "weak" operational risk management.

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International Business Times

Citigroup Fined $136M Over Long-Standing Internal Control, Risk Managment Issues

The fines were levied by the Federal Reserve and the Office of the Comptroller of the Currency (OCC).

International Business Times

Sri Lanka Seals Partial Debt Deal After Financial Crash

Cash-strapped Sri Lanka said Wednesday it had clinched a restructuring deal with a majority of bilateral lenders covering up to $5.8 billion in debt, a key step towards recovery after a 2022 financial crash.

Top News

US Bank Regulator Enhances Merger Review Transparency, Ends Automatic Approvals

The US bank regulator aims to enhance transparency in merger reviews and eliminate automatic approvals, in a move to promote fairness and accountability in...

Kiplinger

Bank of America Fined $12M for Reporting False Mortgage Data

Bank of America fined over routinely filing false mortgage lending data to the government, the CFPB says.

Chicago Sun-Times

Bridgeport bank failure fallout: Dead CEO’s sister pleads guilty in collapse of Washington Federal Bank for Savings

Over seven years, Janice Weston, vice president of the board of the clout-heavy bank, ordered bank employees to fool federal regulators by backdating loan documents.

Kiplinger

Bank of America Fined Over Junk Fees, Fake Accounts. Customers Get $100M Payout

Bank of America was ordered to pay more than $100 million to customers for 'double-dipping' junk fees and denying rewards bonuses.

WEKU

Bank of America to pay $250 million for illegal fees, fake accounts

An investigation found that Bank of America raked in tens of millions of dollars in resubmitted insufficient funds fees. The bank also illegally opened credit cards without customers knowledge.

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