A federal banking regulator wants to shake up the process for US banks to file internal appeals when they’re hit with supervisory ratings or compliance warnings.
A new appeals board would rule on disputes between banks and their supervisors under a proposal from the Office of the Comptroller of the Currency set to be published Feb. 17 in the Federal Register.
The appeals board, modeled on a new office at the Federal Deposit Insurance Corp., would include the OCC’s chief national bank examiner and two individuals from outside the agency with significant experience in banking or bank supervision.
Members of ...