OCC – Page 135 – Regulatory Report

What's up

[ May 1, 2024 ] High fees, low interest rates on deposits, erode tax advantages on HSAs, agency contends CFPB
[ May 1, 2024 ] NCUA slates July summit in MN on diversity, equity and inclusion NCUA
[ April 30, 2024 ] Bureau: Study finds complex pricing schemes through ‘junk fees’ lead to consumers paying up to 60% more CFPB
[ April 29, 2024 ] Improvements noted in medical bills included in credit reports – but not so much in the South, bureau asserts CFPB
[ April 29, 2024 ] PA bank’s failure Friday could cost FDIC fund $667 million, agency says FDIC

Rule prohibits dealing, investing in commercial metals

January 3, 2017 0

National banks and federal savings associations (FSAs) are prohibited as of April 1 from dealing or investing in industrial or commercial metals under a rule finalized Dec. 28 by the OCC. According to an OCC […]

CRA threshold increases to $1.2 billion

January 2, 2017 0

“Small banks” are defined as those with assets of less than $1.226 billion, and “intermediate small banks” (or savings associations) are defined as those with assets of at least $307 and less than $1.226 billion, […]

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High fees, low interest rates on deposits, erode tax advantages on HSAs, agency contends

May 1, 2024 0

Monthly maintenance fees, paper statement fees, outbound transfer fees, and account closure fees for health savings accounts (HSAs) are being forced on consumers to pay, the federal consumer financial protection agency charged in a report issued Wednesday. The Consumer Financial [...]
NCUA slates July summit in MN on diversity, equity and inclusion

May 1, 2024 0

Registration is open for a summit on diversity, equity and inclusion (DEI Summit) slated July 9-11 in Minneapolis, Minn., by the National Credit Union Administration (NCUA), the agency said Wednesday. The agency said the attendees of the summit, “DEI: Here to [...]
Bureau: Study finds complex pricing schemes through ‘junk fees’ lead to consumers paying up to 60% more

April 30, 2024 0

Consumers tend to pay more for products – up to 60% more – when prices are separated into multiple fees through more complex, difficult to understand pricing structures, according to a study released Tuesday by the federal consumer financial protection [...]
Improvements noted in medical bills included in credit reports – but not so much in the South, bureau asserts

April 29, 2024 0

If you reside in the South you are “most likely” to have medical bills on your credit reports – making you among 15 million Americans who have the invoices on their credit summaries, according to a study issued Monday by [...]
PA bank’s failure Friday could cost FDIC fund $667 million, agency says

April 29, 2024 0

The failure Friday of a $6 billion-in-assets bank in Pennsylvania – the first U.S. bank failure of 2024 – could cost the Federal Deposit Insurance Corp.’s (FDIC) Deposit Insurance Fund (DIF) an estimated $667 million, the agency said. The FDIC [...]