OCC – Regulatory Report

What's up

[ January 18, 2019 ] More banks soon eligible for 18-month exam cycle; OCC issues bulletin OCC
[ January 18, 2019 ] Bank directors, former CEO, face fines for failing to address earlier enforcement action OCC
[ January 18, 2019 ] Consumer bureau publishes 2.5% CMP inflation adjustment CFPB
[ January 18, 2019 ] GAO recommends legislation to define future role of GSEs – including structure and goals OCC
[ January 18, 2019 ] Most Fed districts see modest to moderate growth, says latest Beige Book The Fed

More banks soon eligible for 18-month exam cycle; OCC issues bulletin

January 18, 2019 0

A rule that, as of Jan. 28, is expected to make more than 400 additional banks potentially eligible for the 18-month, on-site examination cycle is highlighted in a bulletin issued Thursday to banking institutions supervised […]

Bank directors, former CEO, face fines for failing to address earlier enforcement action

January 18, 2019 0

Five former directors of a Montana bank were fined $2,000 each – and the bank’s former president and board chairman $10,000 — for failing to take actions to correct issues outlined under a previous consent […]

GAO recommends legislation to define future role of GSEs – including structure and goals

January 18, 2019 0

Congress should consider legislation for the future federal role of the government-sponsored enterprises (GSEs) in housing finance that addresses their structure and establishes clear, specific, and prioritized goals, as well as considering all relevant entities, […]

Otting names new COO, announces reporting structure changes

January 17, 2019 0

The Comptroller of the Currency has named Morris Morgan as the agency’s new senior deputy comptroller and chief operating officer and announced executive-reporting structure changes that have Morgan directly overseeing the agency’s bank supervision, supervision […]

If it’s the third week of January, it’s call for call-report time

January 14, 2019 0

Call reports are due Jan. 30, the three federal banking agencies reminded financial institutions Friday in a joint letter, which also urged filers to complete “as early as possible the preparation, editing, and review of […]

OCC bulletin details recent 2.5% civil money penalty inflation adjustment

January 14, 2019 0

A 2.5% civil money penalty (CMP) inflation adjustment that took effect Jan. 1 is detailed in a bulletin issued Friday by the Office of the Comptroller of the Currency (OCC). Under the Federal Civil Penalties […]

House committee chairwoman calls on agencies to provide guidance to FIs serving federal workers affected by shutdown

January 11, 2019 0

All federal financial institution regulatory agency leaders are being urged to “consider the needs of consumers who may be experiencing temporary financial hardship in meeting credit obligations as a result of the Trump shutdown” by […]

Regulators respond to Waters: Yes, we can (urge institutions to work with borrowers during shutdown)

January 11, 2019 0

Just minutes after the powerful chairwoman of a House committee overseeing their agencies issued a letter to them, the five federal financial institution regulators issued a joint statement encouraging financial institutions to work with consumers affected […]

OCC names deputy comptroller of risk analysis

January 9, 2019 0

Chau Do has been named deputy comptroller for the risk analysis division of the Office of the Comptroller of the Currency (OCC), the agency said in a release Wednesday. Do assumed her new duties Dec. […]

New CRA asset-size thresholds for 2019 explained in OCC bulletin

January 7, 2019 0

Revised asset-size thresholds that help determine how banks will be evaluated for compliance with the Community Reinvestment Act (CRA) were detailed Monday in the first 2019 bulletin issued to national banks and federal savings banks […]

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More banks soon eligible for 18-month exam cycle; OCC issues bulletin

January 18, 2019 0

A rule that, as of Jan. 28, is expected to make more than 400 additional banks potentially eligible for the 18-month, on-site examination cycle is highlighted in a bulletin issued Thursday to banking institutions supervised by the Office of the [...]
Bank directors, former CEO, face fines for failing to address earlier enforcement action

January 18, 2019 0

Five former directors of a Montana bank were fined $2,000 each – and the bank’s former president and board chairman $10,000 — for failing to take actions to correct issues outlined under a previous consent order their bank agreed to [...]
Consumer bureau publishes 2.5% CMP inflation adjustment

January 18, 2019 0

A final rule to implement a 2.5% increase in maximum civil money penalties (CMP) that may be assessed by the Consumer Financial Protection Bureau (CFPB) was signed Jan. 6 by agency Director Kathleen (“Kathy”) Kraninger and posted Jan. 15 in [...]
GAO recommends legislation to define future role of GSEs – including structure and goals

January 18, 2019 0

Congress should consider legislation for the future federal role of the government-sponsored enterprises (GSEs) in housing finance that addresses their structure and establishes clear, specific, and prioritized goals, as well as considering all relevant entities, the congressional watchdog said in [...]
Most Fed districts see modest to moderate growth, says latest Beige Book

January 18, 2019 0

Signs of continued economic growth – with eight of 12 Federal Reserve districts reporting modest to moderate growth – were noted in the Fed’s latest Beige Book report. “Outlooks generally remained positive, but many Districts reported that contacts had become [...]
OIG report on chairman’s office spending did not benchmark to other agencies, which spend more, NCUA says

January 18, 2019 0

A 2018 inspector general report on spending by the office of the chairman of the federal credit union regulatory agency, conducted in follow-up to an anonymous complaint, omitted any benchmarking with similar spending of other agencies (none specified) and with [...]