Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
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 […]
A workshop for directors, senior management team members, and other key executives of national community banks and federal savings associations that will focus on board participation is slated Sept. 24-25 in Nashville, the Office of […]
Guidelines in place now for banking institutions seeking to be evaluated under the Community Reinvestment Act (CRA) using the strategic plan option, or seeking approval to amend an approved CRA strategic plan, were outlined in […]
Guidelines for national banks, federal savings associations, and federal branches of foreign banking organizations seeking designations as a wholesale or limited purpose bank for Community Reinvestment Act (CRA) purposes, or requesting confirmation of an exemption […]
A realignment of approximately 150 staff members to create two new units, consolidating bank supervision support, risk analysis, and oversight of national trust banks and significant service providers – all set to take effect Oct. 1 – […]
A fully revised “Corporate and Risk Governance” booklet of the Comptroller’s Handbook and an updated “Internal and External Audits” booklet, both of which apply to bank examinations, were issued Thursday by the Office of the Comptroller […]
Beverly Cole will become the Deputy Comptroller of the Northeastern District, and Beth Dugan and Mark Richardson will become Deputy Comptrollers for Large Bank Supervision to fill posts left open due to a recent retirement […]
A council of federal financial regulatory inspectors general created in the aftermath of the financial crisis identifies seven “top management and performance challenges” facing their respective regulatory organizations – including ongoing challenges related to cyber […]
Banks with significant and far-reaching retail-oriented business activities should have well-documented fraud risk management programs with appropriate monitoring, measurements and reporting, and mitigation, the regulator of national banks advised in a bulletin Wednesday. The Office […]
Daniel Weiss, the former general counsel of Rabobank, N.A. (Roseville, Calif.), reportedly helped conceal a report on Bank Secrecy Act (BSA) deficiencies at the bank and has been barred from future service in any federally […]
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