Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
Fifty-five outdated or replaced bulletins and other issuances – including advisory letters, circulars, and more — were rescinded by the national bank regulator Thursday; the issuances were published over a 40-year period, the regulator said. […]
A bank could tailor its anti-redlining examination based on the needs of the community and the products and services the bank offers to serve those needs under proposed guidance unveiled Wednesday by the national bank […]
The importance of innovation in banking is given “special topic” attention in the national banking regulator’s semiannual risk perspective report, which also provides updates on the industry’s credit, market, cybersecurity and fraud risks. The report, […]
Consumers are holding their own with their mortgages as banks reported 97.4% current and performing at the end of the third quarter – which was the same level a year ago, the Office of the […]
Monday was the day for federal financial regulators to set various fee limits and dollar thresholds for the coming year, including those for fair credit reporting, truth in lending and consumer leasing, and appraisal requirements […]
Stablecoins and their issuance received a big boost Friday when five new national banks – two de novo charters and three conversions from state charters – were conditionally approved by the national bank regulator, all […]
A five-page report (plus cover) providing “preliminary findings” of a supervisory review of purported “debanking” activities by the nine largest banks it supervises was released Wednesday by the Office of the Comptroller of the Currency […]
The courts, or Congress, should remedy the outcome of a legal case decided last month that out-of-state banks and fintech partners lending to someone in Colorado must comply with state interest rate caps, the national […]
Banks may engage in “riskless” principal crypto-asset transactions with and on behalf of their customers, according to an interpretive letter released Tuesday by the Office of the Comptroller of the Currency (OCC). The letter, from […]
Recission of guidance issued 12 years ago on leveraged lending was announced Friday by two federal banking regulators, who called it “overly restrictive” and impeding banks’ “risk management principles that guide their other business decisions,” […]
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