The Office of the Comptroller of the Currency (OCC) website is a great source for news and information relating to the national banking system. For instance, on July 26, 2012, the OCC announced that it was taking action against Capital One Bank due to that bank’s failure to provide relief to servicemembers from certain credit obligations when military service interferes with civil liabilities, such as a mortgage. The OCC is an independent bureau of the U.S. Department of the Treasury . The OCC is charged with chartering, regulating, and supervising all national banks and federal savings associations. The Comptroller of the Currency is also a director of the Federal Deposit Insurance Corporation (FDIC), which insures each depositor up to $250,000 per insured bank. In regulating national banks, the OCC has many powers: The OCC can examine all national banks. The “ Examinations ” section of the OCC website provides information about the “...
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