Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
Saule T. Omarova, a Cornell University law professor, is President Joe Biden’s (D) pick as nominee to a five-year term as Comptroller of the Currency, the White House announced Thursday. A former special advisor for […]
Regulatory requirements and processes that the federal regulators use to review a voluntary liquidation of a mutual federal savings association (mutual FSA) have been updated, the Office of the Comptroller of the Currency (OCC) said […]
Two booklets issued Wednesday as part of the Comptroller’s Handbook, the national bank regulatory agency’s supervision handbook used by the agency’s examiners, replace booklets published in March 1990 on income and expenses and on regulatory […]
“Reputable members” of the U.S. blockchain and cryptocurrency industry have the opportunity to avoid the troubles that beset past financial innovations – such as the derivative industry – by looking to the past, particularly the […]
A cease-and-desist order issued Monday requires MUFG Union Bank, N.A., San Francisco, to undergo a series of steps to strengthen its compliance with interagency guidance focused on the protection of customer information. The consent order […]
A $3 million civil money penalty was assessed against Cadence Bank, N.A., of Atlanta, Ga., in late August over findings that the bank engaged in violations of the Fair Housing Act (FHA) and its implementing […]
U.S. commercial banks and savings associations reported $8.1 billion in trading revenue for the second quarter of 2021, down $2.4 billion, or 22.9%, from the first quarter and down $5.6 billion, or 40.9%, from a […]
Title: Community Reinvestment Act Regulations Subject: CRA Agency: OCC Status: Proposed rule Summary: The Comptroller of the Currency proposes to replace the current Community Reinvestment Act rule with rules based on the 1995 Community Reinvestment […]
A proposal for replacing a current rule implementing the anti-redlining Community Reinvestment Act (CRA) with rules based on those adopted more than 25 years ago, as revised since 1995, is scheduled to be published Friday […]
Strengthening, not just modernizing, anti-redlining rules will be necessary to reduce economic inequality and foster trust, the nation’s national bank regulator said Wednesday. In remarks to a Washington group that includes as members bankers, regulators, […]
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