Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
Since announcing it would begin considering charter applications from fintech companies, the Office of the Comptroller of the Currency (OCC) has yet to receive a single formal application, the top staffer in charge of innovation […]
A former bank chief executive and economic adviser to presidential candidate Donald Trump has been prohibited from working at a financial institution because his employment may impair public confidence in the bank’s integrity, the federal […]
Seeking to improve its processes, the federal agency that charters banks and thrifts will begin handling fingerprinting for background checks electronically in July, the Office of the Comptroller of the Currency (OCC) said Friday. The […]
Title: Reduced Reporting for Covered Depository Institutions Subject: Call reports Agency: FDIC, Federal Reserve, OCC Status: Final rule Summary: The OCC, the Board, and the FDIC (collectively, the agencies) are issuing a final rule to […]
Guidance on risk management for banks interested in making higher-loan-to-value (higher-LTV) loans in communities targeted for revitalization by a federal, state, or municipal governmental entity was issued Wednesday, and a 2017 guidance was rescinded, by […]
Eighty-one high school seniors from Washington, D.C., public and charter schools will serve paid summer internships at the regulator of national banks, the agency said Wednesday, in a just-started program. In a release, the Office […]
Trading revenue ballooned by 141% — to $10 billion – in the first quarter at commercial banks and thrifts, the regulator of national banks reported Tuesday, with only four banks holding nearly 90% of total […]
The 2019 list of distressed or underserved nonmetropolitan middle-income geographies where banks’ revitalization or stabilization activities can receive Community Reinvestment Act (CRA) consideration under the “community development” definition was released Monday by federal banking regulators. […]
Workshops on compliance and operational risk for directors of national banks and federal savings associations will be held July 30-31 in Boston, the institutions’ federal regulator said Thursday. The Office of the Comptroller of the […]
Proposed revisions to regulations implementing anti-redlining laws should surface publicly by the end of summer, a senior regulator said Wednesday, while joining a top supervisor from another agency in agreeing the changes should result in […]
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