Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
Rising credit risks, elevated operational and compliance risks, and factors driving interest rate risk for national banks and federal savings associations are detailed in a semiannual report issued Monday by a panel charged with monitoring […]
Encouraging banks and credit unions to explore “innovative approaches” to meet anti-money laundering compliance obligations is the thrust of a joint statement issued Monday by the three federal banking regulators, the federal credit union regulator […]
A 10% reduction in marginal assessments charged to national banks, federal savings associations, and federal branches and agencies of foreign banks to pay for federal supervision is in place for 2019, the national bank regulator […]
A total of 181 national banks and federal savings associations are slated for Community Reinvestment Act (CRA) evaluations during the first and second quarters of 2019, according to the list released Thursday by the Office […]
Legislative changes to the anti-money laundering Bank Secrecy Act (BSA) – including a requirement that a regular review of implementing regulations be conducted – designed to reduce regulatory burden and compliance costs for national banks […]
Rural communities can realize high-speed access to the Internet through broadband network initiatives financed by national banks and savings associations, and providing such financing can help banks support their own obligations under anti-redlining laws, according […]
A simpler capital framework for qualified banks and bank holding companies (BHCs) with less than $10 billion in total consolidated assets was proposed in a notice issued jointly Wednesday by the federal bank and bank […]
Mortgage loans that are “higher-priced” under federal mortgage rules and that don’t exceed $26,700 will be exempt from federal appraisal requirements in 2019, federal banking and consumer protection agencies said in an announcement Wednesday. The […]
A proposed rule to implement a relief law exemption from real estate appraisal requirements for certain residential real estate transactions involving $400,000 or less will be issued jointly by three federal banking regulators for a […]
Notices of a proposal to expand the scope of financial institutions and firms that file “streamlined” versions of call reports were issued by the three federal banking agencies to the firms they supervise Monday. In […]
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