Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
Three bills – extending the “qualified mortgage” safe harbor, reducing reporting requirements for smaller financial institutions, and combatting the financial network of transnational criminals – were approved by the House Tuesday. All three passed by […]
A rating of “outstanding” was awarded to six financial institutions in February for Community Reinvestment Act (CRA) compliance, the Office of the Comptroller of the Currency (OCC) stated Thursday in a release. The other 11 […]
With proposed changes to Community Reinvestment Act (CRA) rules set for release in March by the Office of the Comptroller of the Currency (OCC), two federal banking regulators Tuesday released their upcoming exam schedules for […]
The federal consumer protection agency and the federal financial institution regulators are the subject of 10 recommendations made by the congressional watchdog, including assessing effectiveness of mortgage disclosure guidance and reporting rationales for their actions. […]
Revitalizing communities by establishing housing rehabilitation loan programs is the focus of the latest edition of the Investments newsletter published by the Office of the Comptroller of the Currency (OCC). The “Expanding Housing Opportunities: Single-Family […]
A “retrospective review” by banks of their enforcement of anti-money laundering laws is recommended by a congressional watchdog after its survey found an estimated four out of every five (80%) banks near the Southwest U.S. […]
Following no comments received last fall, the three federal banking agencies are moving forward on their proposal to combine three separate, yet identical, stress test reports into a single new Federal Financial Institutions Examination Council […]
Credit risk and operational risk are the subjects of two workshops to be held in Minneapolis in late March for directors of national community banks and savings associations, presented by the Office of the Comptroller […]
A 60-day comment period will start as early as Wednesday on proposed swap margin requirements to conform with recent rule changes imposing new restrictions on certain qualified financial contracts (QFCs) of systemically important banking organizations, […]
Personal cease-and-desist orders against three persons at two banks, one in Nebraska the other in Oklahoma, were levied by the Office of the Comptroller of the Currency (OCC) in January, the regulator announced; three civil […]
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