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The Office of the Comptroller of the Currency (OCC) today released a revised Policies and Procedures Manual (PPM) for assessing civil money penalties (CMP), which the agency will begin using on January 1, 2023. This version of PPM 5000-7, "Civil Money Penalties," replaces the November 13, 2018, version conveyed by OCC Bulletin 2018-41, "OCC Enforcement Actions: OCC Enforcement Action Policies and Procedures Manuals."
Senior Deputy Comptroller for Bank Supervision Policy Grovetta Gardineer today discussed the Office of the Comptroller of the Currency's (OCC) ongoing efforts to ensure its regulated institutions provide fair and equitable credit services in remarks delivered on behalf of Acting Comptroller Michael J. Hsu at the CRA & Fair Lending Colloquium in Las Vegas.