OCC Employees Ordered Back to Office as Workforce Cuts Loom

The Office of the Comptroller of the Currency ordered employees to return to the office at the end of the month even as the national bank supervisor prepares to further downsize.

OCC employees will have to report to offices within 50 miles of their homes beginning March 31, according to an all-staff email obtained by Bloomberg Law.

The agency is “still assessing its approach” for remote employees who don’t live close to an OCC office.

“Working together in person will position us to respond more nimbly to the changing regulatory landscape and emerging risks,” the email said.

An OCC spokesperson ...