Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
A final rule designed to ensure credibility and integrity of automated valuation models (AVMs) in mortgages secured by a consumer’s principal dwelling through quality control standards was issued Wednesday by the federal financial regulators and […]
An updated, 111-page list of nonmetropolitan middle-income geographies where revitalization or stabilization activities of banks are eligible to receive Community Reinvestment Act (CRA) consideration was released Friday by federal banking agencies. Revitalization or stabilization activities […]
Penalties of more than $135 million have been levied against the nation’s fourth largest bank for deficiencies in risk management and for failing to follow previous enforcement actions, two federal banking agencies said late Wednesday. […]
The national bank regulator on Tuesday released a notice seeking nominations to its advisory committees on minority depository institution (MDI) and mutual savings association issues and concerns. The Office of the Comptroller of the Currency […]
Four “needs to improve,” two “outstanding,” and 58 “satisfactory” Community Reinvestment Act (CRA) evaluation ratings for banks were disclosed in a release Monday by the Federal Deposit Insurance Corp. (FDIC). The FDIC said these ratings […]
First-quarter trading revenue totaled $15.6 billion in the first quarter for U.S. commercial banks and savings associations, up 34.2%, from the previous quarter but down 11.1% from the same period one year ago, according to […]
Of the residential mortgage loans included in the national bank regulator’s June mortgage metrics report, 97.4% were current and performing at the end of the first quarter – up 0.2% from the fourth quarter of […]
A 30-day comment period is underway for proposed revisions to the national bank regulator’s recovery planning guidelines for certain large national banks and their branches, the regulator said June 24. Comments are due Aug. 2, […]
Quality control standards will be required for use of automated valuation models (AVMs) by mortgage originators and secondary market issuers in determining the collateral worth of a mortgage secured by a consumer’s principal dwelling under […]
Credit risk is rising and operational risk is elevated, as a “maturing economic cycle may cause consumer headwinds,” the regulator of national banks said Tuesday. In its Semiannual Risk Perspective for Spring 2024, the Office […]
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