Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
Management at financial institutions in major disaster areas should conduct initial risk assessments and have a process for refining such assessments as more complete information becomes available and recovery efforts proceed, according to new examiner […]
The 2018 operating budget for the insurer of savings in the nation’s banks and savings associations will be under consideration when its board meets Tuesday – which may include a first appearance in that role […]
Financial regulators should continue to ensure that financial institutions have sufficient capital and liquidity to reduce threats to economic and financial shocks, the federal umbrella group for the regulators said in its annual report, released […]
Federal banking agencies would be required to publish a rationale and comprehensive cost-benefit analysis of the differences between their proposed regulation and the “corresponding international prudential standard” under legislation approved by a House panel Wednesday. […]
Support for the conclusion of efforts to reform the international bank capital standards initiated in response to the global financial crisis was announced Thursday by the federal banking regulatory agencies. In a joint release, the […]
Five financial institutions earned Community Reinvestment Act (CRA) ratings of “outstanding,” while just one earned a “needs to improve” rating, in evaluations released in November, the Office of Comptroller of the Currency (OCC) reported Tuesday. […]
Bank regulators lauded financial institution “regulatory relief” legislation approved Tuesday by the Senate Banking Committee, the vice chairman of the Federal Deposit Insurance Corp. (FDIC) board offering suggestions for tweaking the measure. The Senate panel […]
Separate civil money penalties (CMPs) totaling $243,000 were assessed on five individuals by the Office of the Comptroller of the Currency (OCC), as reported earlier this month; the national bank regulator also reported it took […]
A final rule requiring banks to ensure that a covered qualified financial contract contains a contractual “stay-and-transfer” provision – like that outlined in the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) – is […]
Nearly 190 banks and federal savings associations across 39 states are timetabled for Community Reinvestment Act (CRA) evaluations in the first and second quarters of the new year, according to a schedule released Tuesday by […]
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