Banks Seek to Bar OCC Staff From New Supervisory Appeals Board

A proposed panel that would review appeals from banks hit with compliance warnings should exclude any staff members from the Office of the Comptroller of the Currency, banks and financial technology companies said.

A February proposal from the OCC would set up a new review board to rule on disputes between banks and their examiners, bringing the national bank regulator in line with other federal agencies.

But the panel would include the OCC’s chief national bank examiner, as well as two employees from outside the agency with banking or supervisory experience appointed for one-year terms.

Including the chief national bank ...