Acting Comptroller Emphasizes Focus on Safe and Sound Banking System, Discusses Elevating Fairness in Banking
March 30, 2023 / Source: OCC
WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today emphasized the Office of the Comptroller of the Currency’s (OCC) continued focus on the safety, soundness and fairness of the federal banking system and its work to elevate fairness in banking in remarks at the National Community Reinvestment Coalition’s Just Economy Conference.
In his remarks, the Acting Comptroller highlighted the OCC’s close monitoring of the market and the condition of its supervised institutions. He discussed the OCC’s continued work to improve the fairness of bank overdraft protection practices by encouraging banks to make pro-consumer reforms. He also discussed efforts to address discrimination and bias in lending, appraisals and artificial intelligence, and the OCC’s focus on expanding inclusion and opportunity by strengthening and modernizing the Community Reinvestment Act and maturing Project REACh.