Ten banking trade associations participated in the OCC’s Central District Trade Association Outreach meeting on Oct. 17 in Chicago to gain a better understanding of current dynamics and emerging issues in the upper Midwest and throughout the nation. The execs heard from OCC district leadership about banking performance, common examination findings, current and emerging risks, district priorities, and hot topics. A common theme from staff and the execs alike was the question of whether the industry has hit its performance apex due to tax reform and economic conditions. And if the industry is at its apex, what risk items should banks be reviewing carefully? OCC identified those key risk items to include, multifamily lending, deposit & funding pressure, CECL planning & implementation, cybersecurity, ag lending, commercial credit, CRE concentration, auto lending, and line of credit draws.
 
The group was presented information about the regulatory relief act and heard from OCC Office of Innovation head Beth Knickerbocker and Emily Doran about responsible innovation in the fintech area.
 
OCC district staff participants included Senior Deputy Comptroller Tony Bland, Deputy Comptroller Blake Paulson, Associate Deputy Comptroller Ben Lemanski, Risk and Operations Officer Jason Jay, and Central District Counsel Jerry Savoy.