Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
A 1.4% increase in bank trading revenue from the previous quarter – and 16% rise from a year earlier – was reported Tuesday for second quarter 2024 by the national bank regulator. The Office of […]
An alleged scheme to steal bank funds by falsely reporting receipt of counterfeit bills to conceal the theft has earned a former bank employee a prohibition from further work in the banking industry, the national […]
The percentage of performing mortgages declined slightly in the second quarter from the previous quarter, but remained at levels recorded a year ago, the regulator of national banks said Wednesday. The Office of the Comptroller […]
Enhancing the transparency around the process of reviewing bank mergers under federal law, and providing guidance to stakeholders around the review of applications, is the aim of a rule and policy statement addressing the mergers […]
Input on bank-fintech arrangements involving banking products and services is now due a month later than originally scheduled, the federal banking agencies said late Friday. In a series of releases, the agencies said responses to […]
Third-quarter and fourth-quarter schedules of examinations for banks’ compliance with the anti-redlining Community Reinvestment Act (CRA) were released recently by federal banking regulators. The 1977 statute requires the Office of the Comptroller of the Currency […]
A public meeting of the national bank regulator’s advisory committee on minority depository institutions (MDIs) is slated for Sept. 24 and will be hosted by the agency in person and virtually, the agency said Wednesday. […]
Seven of the 17 bank examination results for compliance with anti-redlining rules in August showed banks with “outstanding” ratings, the national bank regulator said Tuesday. The remaining 10 banks received ratings of “satisfactory,” the Office […]
Comments are due Oct. 21 on a proposal to establish data standards for the collection of information reported to federal financial institution regulators by financial entities under their jurisdiction, the federal financial institution and other […]
A dozen enforcement-related actions – four formal agreements with banks, orders targeting six institution-affiliated parties, and two terminations of enforcement actions – were announced Thursday by the Office of the Comptroller of the Currency (OCC). […]
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