Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
A final rule issued in October on other real estate owned (OREO) by national banks and federal savings associations (FSAs) will take effect Jan. 1, 2020, instead of Dec. 1, 2019, the Office of the […]
Title: Permissible interest on loans that are sold, assigned, or otherwise transferred Subject: Valid when made Agency: OCC Status: Notice of Proposed Rulemaking Summary: Federal law establishes that national banks and savings associations (banks) may […]
Regulatory action on banks’ derivatives contracts exposures and the definition of high volatility commercial real estate (“HVCRE”) exposure, a final rule on credit union real estate appraisal requirements, and a public briefing on the federal […]
An interest rate on a consumer loan purchased from a bank by a nonbank would continue to be valid after the loan is transferred, essentially overturning the so-called “Madden decision,” the federal regulator of national […]
The regulator of national banks will release its proposal next month for reforming anti-redlining regulations, but the agency likely won’t be joined by at least one of the other two federal banking agencies in the […]
The Business Continuity Management booklet within federal financial institution regulators’ Information Technology Examination Handbook has been revised to emphasize the importance of ensuring financial institutions’ preparedness to avoid disruptions in operations and to recover services. […]
Risks associated with agricultural debt and banks’ transition to new accounting standards for current expected credit losses (CECL) are among the top risks the regulator of national banks is watching carefully, the agency’s head said […]
A set of revisions to the Volcker Rule, which generally prohibits banking entities from engaging in proprietary trading or investing, are slated for publication in Thursday’s Federal Register. The final rule was adopted in actions […]
Title: Prohibitions and Restrictions on Proprietary Trading and Certain Interests in, and Relationships With, Hedge Funds and Private Equity Funds Subject: Volcker Rule Agency: FDIC, Federal Reserve, OCC Status: Final rule Summary: The OCC, Board, […]
Banking regulators’ final rules on the new community bank leverage ratio (CBLR) and a revised effective date for other capital rule simplifications, both signed off on in September and October, are slated for publication in […]
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