It’s important for banks to prioritize firmwide resilience efforts as risks may be interconnected and events could simultaneously affect multiple risk categories. Each stress event may vary, and resiliency implications need to be proactively considered.

Recent attacks suggest that banks using single-factor authentication or relying on weak security methods may face increased risk of unauthorized access to information systems. The OCC encourages banks to conduct thorough risk assessments that include authentication practices.

Banks continue to increase their use of AI and machine learning in customer service, underwriting, and lending operations. Compliance risk increases when banks fail to recognize and appropriately manage the fair lending risk associated with these models.

The OCC invites public comment on a proposed rule to establish standards to promote interoperability of financial regulatory data across federal agencies. occ.gov/news-issuances…

The OCC uses enforcement actions to require banks to correct deficiencies or violations and reinforce individuals’ accountability for conduct regarding the affairs of a bank. Read about the actions announced in August 2024. occ.gov/news-issuances…

Effectively understanding capital markets risk is critical to comprehending a bank’s balance sheet risks & short- and long-term financial risks. Register to learn about interest rate risk, liquidity risk & risks associated with the investment portfolio. occ.gov/workshops

Women’s Equality Day commemorates passage of the 19th Amendment, granting women the right to vote. The OCC is proud of The Women’s Network and its efforts to foster a work environment that attracts, supports and retains women at the OCC.

OCC bank examiners are part of a dynamic workforce in the evolving world of banking. Their work spans a range of topics including fair lending, cybersecurity & digital assets. Discover how you can contribute to a safe, sound & fair federal banking system. occ.gov/careers

Operational risk remains elevated as continuing cyberattacks contribute to a heightened risk environment. It is essential that OCC banks maintain heightened threat monitoring and effective controls to safeguard against disruptive financial sector attacks.

While P2P payment platforms can provide convenience, the irreversible nature of these payments has been used to perpetuate fraud. Banks can support customers by strengthening controls, educating customers on potential scams & enhancing internal fraud monitoring capabilities.

The OCC encourages public comment on the national banks and federal savings associations scheduled to be evaluated under the CRA. Learn more at occ.gov/news-issuances…

Operational risk management weaknesses can result in heightened exposure to fraudulent activities which can increase a bank's exposure to reputation & strategic risks. Register for a one-day workshop & learn how this risk occurs & how to mitigate it. occ.gov/workshops.

Bank supervision is about promoting safe and sound practices and behaviors. Read Acting Comptroller Michael J. Hsu’s thoughts on the nature of bank supervision, how and why it has evolved, and the steps necessary for it to remain effective. occ.gov/news-issuances…

The OCC released a list of Community Reinvestment Act performance evaluations that became public during the period of August 1, 2024, through August 31, 2024. occ.gov/news-issuances…

The OCC’s MDIAC provides perspectives on the unique challenges and needs of minority depository institutions. Info on how to attend or submit a written statement for the September meeting is at occ.gov/news-issuances…

Learn about the program that provides monetary awards to banks that successfully demonstrate an increase in lending, investment, and service activities in economically distressed communities. occ.gov/bea

OCC bank examiners play a critical role in preserving fair access to financial services & ensuring bank products, services & practices are free of discrimination & bias. Learn how you can contribute to a federal banking system that is fair and trusted at occ.gov/careers

Fraud continues to be a significant risk for banks. Effective processes to prevent, identify, and file suspicious activity reports on fraudulent activity in a timely manner remain important to protect both banks and consumers.

The OCC issued a proclamation allowing its supervised institutions to close offices in areas of Alabama, Louisiana, Mississippi and Texas, affected by Tropical Storm Francine. occ.gov/news-issuances… #Francine

Banking is beginning to resemble global manufacturing supply chains. The continued evolution and proliferation of bank-nonbank arrangements highlights the need for more granular approaches and greater engagement between the federal banking agencies & nonbank fintechs.