Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
The $100 million civil money penalty assessed last month against Capital One, N.A., McLean, Va., and Capital One Bank (U.S.A.), N.A., Glen Allen, Va., over Bank Secrecy Act/anti-money laundering (BSA/AML) compliance program deficiencies is included […]
A proposal allowing banking institutions under $5 billion in assets to use a streamlined call report form and to reduce the amount of reporting required in the first and third calendar quarters is finally headed […]
Federal and state financial institution regulators teamed up Thursday to offer regulatory assistance to financial institutions affected by the wildfires in California that have killed scores of people, left hundreds unaccounted for, and made thousands […]
The nation’s top banking regulator pitched the federal charter to foreign banking organizations (FBOs) that would set up branches in the U.S. and promoted his agency’s recent creation of a path to a federal fintech […]
A proclamation allowing national banks, federal savings associations, and federal branches and agencies of foreign banks affected by wildfires and high winds in California to close was issued Tuesday by the Office of the Comptroller […]
A policies and procedures manual (PPM) regarding enforcement actions against institution-affiliated parties of national banks, federal savings associations, and federal branches and agencies of foreign banks (collectively, banks) was issued Tuesday by the Office of […]
Community Reinvestment Act (CRA) ratings of “satisfactory” for financial institutions evaluated by the Office of the Comptroller of the Currency (OCC) have dominated the evaluations issued by the federal regulator of national banks and federal […]
The charter for the Mutual Savings Association Advisory Committee (MSAAC) has been renewed for two years, the Office of the Comptroller of the Currency (OCC) announced Thursday. The comptroller “has determined that the renewal of […]
Public disclosure requirements for national banks and federal savings associations (FSAs) with “significant” market risk exposure would be renewed without change under a proposal issued by the nation’s top banking regulator for a 60-day public […]
Success in taking over the House of Representatives as a result of Tuesday’s elections will likely mean the beginning of new scrutiny by the Democrats for regulators’ proposals already issued, and for those ahead. The […]
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