Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
Revisions adopted by two banking agencies Tuesday to the the Volcker Rule, which was put in place generally to prohibit proprietary trading and involvement with hedge funds by certain large banking organizations, will simplify the […]
Continuing a tour that has already been to Atlanta and Baltimore, the top federal regulator of national banks reported Monday on his visit to Washington, D.C., areas that he said have benefitted from anti-redlining laws. […]
An update to its Bank Accounting Advisory Series (BAAS) was issued by the Office of the Comptroller of the Currency (OCC), the regulator said in a release Thursday. And while the BAAS doesn’t comprise official […]
A former senior vice president of Firstar Bank, N.A., of Sallisaw, Okla., is being charged by federal banking regulators with fabricating documents to grow his line of credit with the bank until it reached $3.9 […]
The types of potential-homebuyer support on display Monday at a nonprofit event in Baltimore “is an example of what we envision” when discussing Community Reinvestment Act (CRA) modernization, Comptroller of the Currency Joseph Otting was […]
Modernizing anti-redlining community reinvestment rules to clarify what counts for credit under the regulations, updating where activity qualifies, making evaluations more objective, and reporting results in a more timely and transparent manner are all on […]
Financial technology (fintech), partnering with a fintech company, and new products and services will be among the topics under discussion during “innovation office hours” sponsored by the Office of the Comptroller of the Currency (OCC) […]
How host state loan-to-deposit ratiosare used to determine national bank compliance with federal law prohibiting the use of interstate branches primarily for deposit production is covered under a bulletin issued Friday by the Office of […]
Of the 42 Community Reinvestment Act (CRA) evaluations of banks made public by the agency in July, seven resulted in “outstanding” ratings and two resulted in ratings of “needs to improve,” the Office of the […]
Counterfeit cashier’s checks using the routing number of the National Bank of Blacksburg, Blacksburg, Va. – 051403122 – are being presented for payment nationwide in connection with a variety of online auction and job opportunity […]
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