12 May 2025
💻OCC's Request for Information on Community Bank Digitalization
Request for Information Regarding Community Bank Digitalization
Summary
To build on its understanding, OCC is issuing a request for information (RFI) on community bank engagement with digitalization. The RFI solicits comment on the key challenges and barriers faced by community banks in the adoption and implementation of digital banking solutions.
Agencies
- Treasury Department
- Comptroller of the Currency
Business Impact
$$$ - High
The OCC's request for information on community bank digitalization highlights significant regulatory compliance requirements for business owners, focusing on challenges in adopting digital solutions. This affects banks' operational strategies and necessitates stakeholder engagement, thus having direct financial implications.