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U.S. Bank Agency Cuts 'Reputational Risk' From Exams After Crypto Sector Cites Issues

Summary by Coin Desk

The crypto industry argued that U.S. regulators used the idea of risks to banks' reputation to pressure them to reject digital assets clients, and the OCC has answered.

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bankingdive.com

Center

OCC to stop examining for reputational risk

“The OCC has not and does not make business decisions for banks,” Acting Comptroller Rodney Hood said, adding that future exams will focus on more transparent risk areas.

12 days ago

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Coin Desk

Center

U.S. Bank Agency Cuts 'Reputational Risk' From Exams After Crypto Sector Cites Issues

The crypto industry argued that U.S. regulators used the idea of risks to banks' reputation to pressure them to reject digital assets clients, and the OCC has answered.

13 days ago·Manila, Philippines

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PYMNTS.com

OCC Says Reputation Risk No Biggie for Banks, But Trust Still Underpins B2B

All the digital innovation in the world doesn’t change the fact that trust, transparency and perceived risk ultimately form the backbone of B2B payments. Still, in a move that could recalibrate how banks assess risk, the Office of the Comptroller of the Currency (OCC) announced Thursday (March 20) that it will no longer examine financial institutions for reputation risk. The OCC, which regulates and supervises national banks and federal savings …

12 days ago

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Blockworks

OCC to remove ‘reputational risk’ from bank inspection guidelines

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. As President Trump was denouncing the “lawless” Operation Chokepoint 2.0 at the Digital Asset Summit, the Office of the Comptroller of the Currency yesterday said it will remove “reputational risks” from its examination manual for supervisors. The move from the national bank regulator, which came after increased pressure from Republicans, will, in theory, …

12 days ago

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unchainedcrypto.com

OCC Continues Unraveling Operation Choke Point 2.0

The Office of the Comptroller of the Currency (OCC) said in a press release late Thursday that it will no longer examine banks for “reputational risk.” This term is used to describe what the banking regulator saw as a past practice of judging banks based on the public perception of the companies and industries they service. Many crypto firms felt that the regulator was discriminating against them because of the controversial nature of their indu…

12 days ago

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American Banker

OCC drops reputational risk from exams amid debanking debate

The OCC will no longer assess reputational risk in bank exams, aligning with President Trump's push to curb debanking, which critics say drove politically motivated account closures.

12 days ago

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