OCC Proposes Separating ‘Substantive’ and ‘Technical’ Bank Violations
The OCC proposal would reserve formal MRAs for more consequential violations while allowing examiners to direct correction of lesser problems.
Office of the Comptroller of the Currency
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OCC Rule Clarifying National Banks’ Authority to Charge Non-Interest Fees Takes Effect
A new OCC interim final rule clarifies that national banks may impose non-interest charges, including interchange fees tied to credit- and debit-card activity.