Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
One “outstanding” evaluation, 15 “satisfactory” ratings and no ratings of “needs improvement” or “substantial noncompliance” were noted in January listings for Community Reinvestment Act (CRA) performance evaluations released by the Office of the Comptroller of […]
The U.S. arm of a huge multi-national Dutch banking company was assessed a $50 million civil money penalty Wednesday by a federal banking regulator charging deficiencies in the U.S. bank’s anti-money laundering (AML) processes. The […]
Saying he has been impressed by the “leadership and emphasis on operational efficiency and excellence” by the acting director of the federal consumer bureau, the comptroller of the currency pledged Tuesday to work to reevaluate […]
Swap margin requirements would be amended to conform with recent rule changes that impose new restrictions on certain qualified financial contracts (QFCs) of systemically important banking organizations, five federal agencies – including the three federal […]
No material differences, as of Sept. 30, have been identified in the accounting standards of regulators applicable to financial institutions, according to the federal banking agencies in a report to congressional committees last week. The […]
Real gross domestic product (GDP) in the United States would fall 7.5% from its pre-recession peak, unemployment would spike to 10%, inflation would briefly dip below 1%, and asset prices would “fall sharply” under a […]
Financial regulators should develop and implement specific policies and procedures to consistently comply with mandates from Congress for analyzing the impact of regulations on smaller institutions, according a report issued Tuesday. In its report, the […]
A schedule of 25 workshops for bank and savings association directors in 2018 covering five areas was released by the regulator of national banks Monday. The workshops hosted by the Office of the Comptroller of […]
Favorable consideration on community reinvestment requirements will be granted to institutions outside of hurricane-ravaged areas of the U.S. Virgin Islands and Puerto Rico when they help to revitalize or stabilize the areas, federal banking agencies […]
A civil money penalty (CMP) of $70 million assessed against Citibank, N.A., of Sioux Falls, S.D., is one of six enforcement actions taken by the Office of the Comptroller of the Currency (OCC) in December […]
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