Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
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four years ago about “Deposit Advance Products” – including payday and other small-dollar, short-term loans – was rescinded Thursday by the Office of the Comptroller of the Currency (OCC), in […]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 […]
Cybersecurity and “operational resiliency” lead the list of strategies to be addressed for national bank regulation in 2018, according to the supervision operating plan released by the Office of the Comptroller of the Currency (OCC) […]
No response has been made yet by the Consumer Financial Protection Bureau (CFPB) to an allegation that removing arbitration clauses for financial products and services raises costs of credit by about 25%. Acting Comptroller of […]
Comments on two key issues will be reported next week by federal credit union and banking regulators. Comments were due Friday to National Credit Union Administration (NCUA) about a proposal on the definition of the […]
Performance of first mortgages improved slightly at national banks in the second quarter of this year compared to the same quarter in 2016, and foreclosures activity has decreased from the first quarter of 2017, according […]
Trading revenue fell 4.9% — or $348 million – during the second quarter at commercial banks and savings associations from the previous quarter, and 4.5% from the second quarter of 2016 (to $6.7 billion from […]
Simplifying capital rules, particularly provisions related to “high volatility commercial real estate” (HVCRE) is the aim of a notice of proposed rulemaking issued by the Federal Deposit Insurance Corp. (FDIC) board Wednesday. The notice was […]
Commenters largely supported a joint proposal by federal banking agencies to pause Basel III capital transition provisions for financial institutions with less than $250 billion in assets, filed on Monday (Sept. 25). With more than […]
A decision has not yet been made about whether to offer special purpose national bank charters to non-depository “fintech” companies in the business of banking, the acting comptroller of the currency told a Washington audience […]
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