Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
A handful of final rules were announced in recent weeks by federal financial regulators to update thresholds for 2019 mortgage data collection, escrow requirements for high-cost mortgages, consumer loan and lease disclosures, and civil money […]
Five former directors of a Montana bank were fined $2,000 each – and the bank’s former president and board chairman $10,000 — for failing to take actions to correct issues outlined under a previous consent […]
Congress should consider legislation for the future federal role of the government-sponsored enterprises (GSEs) in housing finance that addresses their structure and establishes clear, specific, and prioritized goals, as well as considering all relevant entities, […]
A rule that, as of Jan. 28, is expected to make more than 400 additional banks potentially eligible for the 18-month, on-site examination cycle is highlighted in a bulletin issued Thursday to banking institutions supervised […]
The Comptroller of the Currency has named Morris Morgan as the agency’s new senior deputy comptroller and chief operating officer and announced executive-reporting structure changes that have Morgan directly overseeing the agency’s bank supervision, supervision […]
Call reports are due Jan. 30, the three federal banking agencies reminded financial institutions Friday in a joint letter, which also urged filers to complete “as early as possible the preparation, editing, and review of […]
A 2.5% civil money penalty (CMP) inflation adjustment that took effect Jan. 1 is detailed in a bulletin issued Friday by the Office of the Comptroller of the Currency (OCC). Under the Federal Civil Penalties […]
Just minutes after the powerful chairwoman of a House committee overseeing their agencies issued a letter to them, the five federal financial institution regulators issued a joint statement encouraging financial institutions to work with consumers affected […]
All federal financial institution regulatory agency leaders are being urged to “consider the needs of consumers who may be experiencing temporary financial hardship in meeting credit obligations as a result of the Trump shutdown” by […]
Title: Expanded Examination Cycle for Certain Small Insured Depository Institutions and U.S. Branches and Agencies of Foreign Banks Subject: Exam cycle Agency: Federal Reserve, FDIC, OCC Status: Final rule Summary: The interim final rules and […]
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