Tag Archives: OCC

Treasury Secretary Suggests Greener Pastures for Marijuana Banking

On Tuesday February 6, 2018, U.S. Treasury Secretary Steven Mnuchin, in a speech before the House Financial Services Committee, offered some insights into how the Treasury Department may respond the growing area of marijuana banking. As we reported in a January 5th client alert, the Justice Department rescinded Obama-era policies that provided guidance to federal … Continue Reading

Travis Nelson Organizes Annual OCC Alumni Association Event in Washington, DC

On October 12, 2017, Travis Nelson of the Reed Smith’s Financial Services Regulatory Group, organized the annual Office of the Comptroller of the Currency (OCC) Alumni Association reception and dinner in Washington, DC. Travis is the current Secretary-Treasurer and former board President of the Association.  Attended by nearly 100 current and former OCC employees, it … Continue Reading

OCC Enforcement Action Targets Reverse Discrimination Leaving Institutions With Open Questions

In a BNA Banking Report article, Reed Smith’s William Mutterperl wrote about the recent Office of the Comptroller of the Currency (OCC) enforcement action that applied the disparate impact theory of discrimination in finding that a group of white male borrowers and male-female married couple borrowers had been discriminated against. This latest enforcement action by … Continue Reading

OCC Issues Alert in Response to Recent DDoS Events

Our Data Security, Privacy & Management colleague, Timothy J. Nagle, recently wrote about an alert issued by the Office of the Comptroller of the Currency (“OCC”) regarding “Distributed Denial of Service (DDoS) Attacks and Customer Account Fraud.” OCC Alert 2012-16 was in response to a recent series of attacks against national banks and federal savings associations … Continue Reading