OCC Staffing Crunch Tests Bank Charter Push
By PYMNTS
AI summary of the source article
The Office of the Comptroller of the Currency is shifting bank examiners to manage a surge in bank-charter applications. This move creates gaps in examination teams while the regulator operates with a workforce over 30% smaller than before previous staffing reductions.
Key facts
- The OCC is shifting bank examiners to review charter and merger applications amid a surge in filings.
- The regulator is operating with a workforce more than 30% smaller than it had prior to the Trump administration's staffing cuts.
- Reallocating staff to charter reviews has created gaps in examination teams.
Source excerpt · PYMNTS
The Office of the Comptroller of the Currency (OCC) is shifting bank examiners to help process a surge in bank-charter applications, leaving gaps in examination teams as the regulator operates with a workforce more than 30% smaller than it had before the Trump administration’s staffing reductions. Examiners have been asked to review charter and merger […] The post OCC Staffing Crunch Tests Bank Ch…