Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
An updated list of permissible activities for national banks and savings associations – spread over 100 pages and grouped into seven general areas (with exemptions noted in another section) – was released Friday by the […]
Oversight of supervision risk management at the Office of the Comptroller of the Currency (OCC) — charged with identifying primary and emerging areas of risk to the federal banking system — will be headed by […]
With the approaching confirmation of a new comptroller of the currency, the national banking regulator’s chief counsel has announced her retirement, effective Nov. 11. Amy Friend, senior deputy comptroller and chief counsel at the Office […]
The withdrawal of guidance about “deposit advance products” (DAP) to national banks – possibly opening options for banks to offer payday and other short-term loans — is set to be published in the Federal Register […]
Three agencies would combine their separate and identical stress-test report forms into a single document under the auspices of the Federal Financial Institutions Examination Council (FFIEC), under a proposal issued Friday. The Office of the […]
Comments are due Wednesday (Oct. 11) on a joint agency proposal to shorten the standard settlement cycle for securities purchased or sold by banks. The proposal, issued Sept. 11 for a 30-day comment period, would […]
A conference call for bankers on a proposal to simplify capital rules, particularly as they apply to “high volatility commercial real estate” (HVCRE) loans, will be held on Thursday (Oct. 12) by the Federal Deposit […]
Repeating assertions that the pending “arbitration rule” by the Consumer Financial Protection Bureau (CFPB) will raise the cost of credit, the acting Comptroller of the Currency in a speech Thursday also took aim at random […]
Guidance to national banks issued four years ago about “Deposit Advance Products” – including payday and other small-dollar, short-term loans – was rescinded Thursday by the Office of the Comptroller of the Currency (OCC), in […]
A proposal on real estate appraisals by the three federal banking authorities has led to a commentary showdown between the banking and appraisal industries – with the former supporting the proposal, and the latter opposing […]
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