{"id":18365,"date":"2025-03-20T22:31:49","date_gmt":"2025-03-20T22:31:49","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=18365"},"modified":"2025-03-20T22:31:49","modified_gmt":"2025-03-20T22:31:49","slug":"u-s-bank-agency-cuts-reputational-risk-from-exams-after-crypto-sector-cites-issues","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=18365","title":{"rendered":"U.S. Bank Agency Cuts ‘Reputational Risk’ From Exams After Crypto Sector Cites Issues"},"content":{"rendered":"
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U.S. national banks have been told by the Office of the Comptroller of the Currency that they’ll no longer have to answer how controversial customers might damage their reputations \u2014 a point that had been criticized by crypto companies and insiders arguing that it contributed to them being debanked.<\/p>\n

The OCC is removing that factor from its supervision handbook, the agency said in a Thursday statement.<\/p>\n

\u201cThe OCC\u2019s examination process has always been rooted in ensuring appropriate risk management processes for bank activities, not casting judgment on how a particular activity may fare with public opinion,\u201d said Acting Comptroller of the Currency Rodney Hood.<\/p>\n

Federal Reserve Chair Jerome Powell had made a similar commitment<\/a> in a congressional hearing last month that the Fed would cut that category of scrutiny from its internal supervision manuals.<\/p>\n

The OCC has been making moves to ease the compliance path for banks engaging in crypto business. It recently erased earlier guidance that had called for banks to get pre-approval in writing from the agency if they wanted to handle digital assets business lines.<\/p>\n

The banking regulator may soon have its permanent chief, with President Donald Trump’s nominee, Jonathan Gould, facing a Senate confirmation hearing next week<\/a>. The head of the OCC tends to be able to act more quickly and decisively than other financial regulators, because the person operates as the sole authority without a commission or board to seek approval from.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

U.S. national banks have been told by the Office of the Comptroller of the Currency that they’ll no longer have to answer how controversial customers might damage their reputations \u2014 a point that had been criticized by crypto companies and insiders arguing that it contributed to them being debanked. The OCC is removing that factor […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-18365","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/18365","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18365"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/18365\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18365"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18365"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}