Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
Ten banks or savings associations earned “outstanding” ratings for their efforts in community reinvestment, and 29 others received ratings of “satisfactory,” according to the performance evaluations for July released Thursday by the federal regulator of […]
Barely four hours after a Treasury report was issued calling for a national charter for financial technology (fintech) companies, the regulator of national banks Tuesday announced it was accepting applications for charters for the non-bank […]
The Treasury Department on Tuesday released its fourth and final report in a series that responds to the president’s 2017 executive order focusing on regulatory core principles, with this one offering recommendations to “support nonbank […]
A revised version of the “Business Combinations” booklet of the Comptroller’s Licensing Manual was announced in Bulletin 2018-22 issued Tuesday by the Office of the Comptroller of the Currency (OCC). The new, Version 1.1 of […]
Half of Congress may be out for the summer (the House comes back on Sept. 4), but the Senate and federal financial institution regulators will be taking some actions next week – including the credit […]
Having received no comments so far, federal banking regulators are proceeding to the next step toward setting a three-year extension of a required report for U.S. branches and agencies of foreign banks. In the meantime, […]
“Host state loan-to-deposit ratios” issued by federal banking agencies cover banks including community banks that have covered interstate branches — but does not apply to federal savings associations — according to a bulletin issued Wednesday […]
A revised booklet on regulatory capital rules and supervision was issued Monday by the Office of the Comptroller of the Currency (OCC). The booklet, “Capital and Dividends,” is part of the Comptroller’s Handbook and applies […]
A Minnesota banking company has agreed to pay $25 million in restitution to customers for “obscured” overdraft fees that they were charged, and has agreed to an injunction to prevent future violations, the federal consumer […]
The coming week brings a number of important developments for the financial industry, including a House committee mark-up of seven financial industry bills, payments to credit unions from the federal share insurance fund and, among […]
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