Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
A statement intended to clarify and provide transparency on how regulators evaluate enforcement actions required by law in response to Bank Secrecy Act/anti-money laundering (BSA/AML) violations was issued jointly by federal bank and credit union […]
Updated Aug. 13, 2020 An Office of the Comptroller of the Currency (OCC) interim final rule that provides for an exception to the “standard withdrawal period” for a collective investment fund (CIF) was published in […]
The panel that advises the supervisor of nationally chartered banks on minority depository institutions is set to hold a public meeting Sept. 1 by remote means. The Office of the Comptroller of the Currency (OCC) […]
Title: Collective Investment Funds: Prior Notice Period for Withdrawals Subject: Collective investment funds Agency: OCC Status: Interim final rule Summary: OCC regulations permit a national bank or (collectively, a bank) administering a fund (CIF) that is in […]
An interim reduction of assessments charged by the federal regulator of national banks goes into effect Sept. 7, to be reflected in assessments paid Sept. 30, the agency said in a release Friday. The Sept. […]
Nine banks earned ratings of “outstanding” for compliance with anti-redlining rules by the regulator of national banks in July, the agency said Friday – accounting for 30% of all evaluations publicly released last month. The […]
A 2019 data breach affecting the personal information of more than 100 million credit card customers and credit card applicants of Capital One has yielded an $80 million civil money penalty for the bank and […]
An interim final rule codifying the “standard withdrawal period” for a collective investment fund (CIF) and allowing for an exception, with the regulator’s approval, was issued for comment Tuesday by the Office of the Comptroller […]
A new bank charter for a San Francisco-based financial institution, but expected to build a national footprint, was touted by the regulator of national banks Friday as representing the “evolution of banking.” In a release, […]
Providing cryptocurrency custody services, including holding unique cryptographic keys associated with cryptocurrency, is a modern form of traditional bank activities related to custody services and is permitted for federally chartered banks and savings associations, the […]
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