Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
The national bank regulator this week said it has identified, isolated and resolved a security incident affecting an administrative account in the agency’s email system. The incident was reported to the Cybersecurity and Infrastructure Security […]
Rules on incentive compensation, which figured into the demise of three large regional banks two years ago, should be finalized, according to a recommendation made by the congressional watchdog and published Thursday. The Government Accountability […]
The heads of federal agencies and departments can expect to see guidance from the Office of Management and Budget (OMB) in the near future on implementation of a new executive order that seeks to ensure […]
An executive order issued last week by President Donald J. Trump (R) requires executive departments and agencies to identify at least 10 existing rules to be repealed for every new one they propose, though it […]
Six banks earned the highest ratings of “outstanding” for their compliance with anti-redlining rules in November and January, two federal banking agencies said Monday and Tuesday. According to the Office of the Comptroller of the […]
A virtual public outreach meeting for March 6, 2025, is set by federal banking agencies as part of their regular review of regulations – which is required by law, the agencies announced Friday. In joint […]
No new rules – “in any manner” – may be proposed or adopted by federal regulators, including those overseeing financial institutions until those rules are reviewed and approved by an agency head appointed or designated […]
A statement on supervisory practices affecting banks and credit unions in areas of California ravaged by wildfires was issued Tuesday by federal banking and credit union regulators, along with the California financial institution supervisor. The […]
Six prohibition orders were issued by the national bank regulator so far in February, the agency said Thursday. Formal agreements were also reached with both Michigan and Connecticut banks, both the result of “unsafe or […]
Once again, federal banking agencies said no action will be taken against banks or other firms that sponsor, manage, or advise investment funds and institutional accounts that become principal shareholders of banks. The agencies made […]
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