now, the o.c.c. is responsible for the supervision of more than 1,400 national banks and federal savings associations and about 50 federal branches and agencies of foreign banks in the united states. and these institutions together comprise nearly two-thirds of the assets of the commercial banking system, and they require prudent, smart, reasonable regulation to ensure that they comply with the laws that congress has passed to prevent another financial crisis, to prevent another financial crisis where it is not wall street executives who at the end of the day were left holding the bag, it was the american people who had to pay the bill and who took it on the chin in the form of of a collapsing economy and lost jobs and wages. and yet we see this president, the secretary of the treasury, secretary mnuchin, continuing down the path to lower those guardrails and expose taxpayers to greater risk. and one of the things they need to do that is to have somebody at the head of o.c.c. who is not going to be an

services, and the o.c.c. has refused to act in response to this effort by the financial institution to evade oversight. as a result, the bank l tokyo, which is a former client of the current head of the o.c.c., mr.e supervised by his office and appears to have successfully dodged an active investigation into his client's potential evasion of u.s. sanctions on foreign adversaries, in this case north korea and iran. so that's the person that was installed by the trump administration during these first months from the beginning of the year until now, using this underhanded method. and so finally we now have the nomination put forward for the person who will permanently be proposed to head up the o.c.c., joseph otting. and in mr. otting, we have another example of somebody whose entire career has been spent working with banks and other major financial institutions to try to evade important consumer protections and taxpayer protections. in fact, mr. otting and his bank were able to profit very handsomely from the m

google has space at least four of these consumer orders so if the o.c.c. were to issue another one this would be the fifth within the last five years which is completely major so according to experts if the o.c.c. does issue this order against wells fargo the institution itself will face penalty is now i mentioned earlier last year the company created those three point five fictitious million accounts and so they face penalties that reach up to fifty five million dollars so experts are saying that if any new sanctions are imposed on this institution that's going to harm their reputation and this could lead to a lot of private companies are just private individuals filing lawsuits against the company many lawsuits it sounds like he actually banks thank you so much for that. that's all for now but be sure to catch the bus on you tube at youtube dot com bust r t thanks for watching see you next time. welcome to the wonderful world of blood donation i come here every three weeks to get my transfusion to be specific i receive immunoglobulin my body gets and some

commission said they're going to allow connection speeds and access to be dictated by tech companies the o.c.c. chairman also argues that prior to net neutrality the internet saw over trillion dollars invested into it from the private sector however the problem is that throughout that time there were numerous examples of broadband companies and telecom giants hardening access to the online services of their competitors we discussed this whole potential impact of the move with political activist george barda. under the current rules in the u.s. . internet access is framed as a public utility and i think most people given the huge significance of information travelling on the internet to most live to modern lives it is very very important that that is available to everybody freely you know just as much as all access to energy to heat homes etc this is very much a crucial part of modern life what this means in practice of course is if this moves ahead if you go to a web site there isn't favored that can't pay the huge fees to get faster access to the internet and then anyone who goes to a site an

additionally in september of this past year, the o.c.c., fdic and the federal reserve imposed a rule to simplify the calculations for these hvcre's. the proposal would change the definition of hvcre and replace it with a new definition related to high volatility adc it's ion loans, hvc been dubbed. this is making it difficult for banks to comply. while we appreciate the various banking agencies to attempt to simpleify the loans, their proposal actually broadens the number of loans subject to higher capital charge. this increases the amount capital banks will be required to carry for these a.d.c. loans. hardly a simplification. increases in risk waiting on these loans have had a significant impact on institutions' capital ratios and as a result have increased costs to borrowers. if the loan is classified as an hvcre loan, the lender will face a lower return on the capital as a result of the higher capital reserve required. meaning, they will have to hold more capital. to increase pricing on the loan. h.r. 2128, the clarifying commercial real estate loans act, introduced by my colleagu

mohamed morsi of the muslim brotherhood after his defeat sure feet fled overseas the incumbent president didn't fight o.c.c. has not yet declared whether he's standing for reelection donald trump has been widely condemned after he shared anti muslim videos posted by a far right british activist group trying to twitter account retreated three separate unverified videos posted by j. de france and the deputy leader of the britain first movement trump is being backed by the white house whether it's it's own real video the threat is real and that is what the president is talking about that's what the president is focused on is dealing with those real threats those are real no matter how you look at it so a former bosnian croat military leader has died after drinking poison as a u.n. war crimes court so put on the substance seconds after his twenty year sentence have been up held he was one of six men who to peel to get its will crimes convictions dating back to the breakup of former yugoslavia in the ninety's. there stay with us witness is up next on more news for you to that. goal. to. her. son but i want. to.

the o.c.c.'s mission is to ensure that the financial institutions that it oversees operate in a safe and sound manner, provide fair access to financial services, treat customers fairly, and comply with the applicable laws and regulations. the o.c.c. is responsible for overseeing the supervision of all national banks and federal savings associations, as well as federal branches and agencies of foreign banks. the o.c.c. also plays an important role in identifying and responding to emerging threats in our financial system mr. otosomething exceptionally equal tied to lead the o.c.c. as its comp troll her. his unique experience and understanding of the banking sector has been shaped by over three decades of firsthand industry experience. mr. otting has held positions at large regional and community financial institutions, including key leadership positions. in fact, he has touched virtually every segment of the industry, working in consumer services, business services, human resources, compliance, aud