Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
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 […]
The $100 million civil money penalty assessed last month against Capital One, N.A., McLean, Va., and Capital One Bank (U.S.A.), N.A., Glen Allen, Va., over Bank Secrecy Act/anti-money laundering (BSA/AML) compliance program deficiencies is included […]
A proposal allowing banking institutions under $5 billion in assets to use a streamlined call report form and to reduce the amount of reporting required in the first and third calendar quarters is finally headed […]
Federal and state financial institution regulators teamed up Thursday to offer regulatory assistance to financial institutions affected by the wildfires in California that have killed scores of people, left hundreds unaccounted for, and made thousands […]
The nation’s top banking regulator pitched the federal charter to foreign banking organizations (FBOs) that would set up branches in the U.S. and promoted his agency’s recent creation of a path to a federal fintech […]
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