ANALYSIS: OCC Enforcement Totals Reveal Shrinking Bank Scrutiny

As the Office of the Comptroller of the Currency enters its third year without a confirmed comptroller, the overseer of all national banks and federal savings associations is continuing a multi-year decline in the scope of its enforcement actions. In terms of raw totals, the OCC issued as many administrative orders and compliance agreements in 2022 as it did in 2021. But a closer look at the enforcement orders issued by the OCC and available on Bloomberg Law shows that the number of distinct institutions—and especially the number of large banks—targeted by the office fell in 2022, reflecting an ongoing, ...