Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
Seventy-nine banks – many of them in Texas – will face exams for anti-redlining rules compliance in the fourth quarter of this year, and the first quarter of next year, the national bank regulator said […]
Updated for Federal Register notice, effective date. A uniform definition for the term “unsafe or unsound practice” for use in enforcement actions that is designed, banking regulators said, to ensure examiners prioritize concerns related to […]
Recission of a four-year-old policy aimed at helping creditors expand responsible credit access to economically or socially disadvantaged consumers and commercial enterprises was announced Tuesday by federal banking and credit union agencies, along with other […]
Banking regulators are working to complete final rules on the application procedure banks must follow to issue payment stablecoins, with one agency on Wednesday pledging it will have a final rule ready in November. Meanwhile, […]
Its annual update to the Bank Accounting Advisory Series (BAAS), with answers to frequently asked questions (FAQs) and updates on accounting industry standards, was released Friday by the Office of the Comptroller of the Currency […]
A proposed rule to modify the process for getting agency approval to disclose its non-public information, and allow the disclosure of confidential supervisory information (CSI) without agency approval, was announced Monday by the national bank […]
Smaller banks – those with $10 billion or less in assets – would receive significant easing of anti-redlining regulations under a joint proposal issued by the national bank regulator and federal bank deposit insurance agency […]
An 8% leverage ratio requirement for community banks – down from 9% — is the key component of an updated compliance guide for the ratio’s framework, released Thursday by federal banking regulators. The lowered requirement […]
An updated Comptroller’s Handbook booklet on allowances for credit losses (ACL) was issued Friday by the national bank regulator, which rescinded previous guidance. The update is version 2.0 of the “Allowances for Credit Losses” booklet […]
Reviewing examination materials on the site of the bank exam, rather than transferring the materials onto the examining agency’s systems, is one of the methods outlined in a joint statement issued by regulators Thursday focusing […]
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