Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
Guarding against complacency, addressing inequality, adapting to digitalization, and managing climate risk are the top priorities for the leader of the national bank regulator, which are reflected in the agency’s 2022 annual report issued Thursday. […]
A statement that highlights what they describe as “key risks for banking organizations associated with crypto-assets and the crypto-asset sector” and outlines approaches to supervision was issued jointly Tuesday by the three prudential federal banking […]
Definitions of “small bank” and “intermediate small bank” in 2023 for purposes of anti-redlining laws were announced Thursday by the regulator of national banks, tracking those set 10 days ago by the other two federal […]
A “no action” position regarding application of Regulation O was extended for at least another year by the federal banking agencies Thursday, the agencies said in a joint statement. According to the Federal Reserve, Federal […]
Of the first-lien residential mortgages included in the Office of the Comptroller of the Currency’s (OCC) quarterly mortgage performance report, 97.2% of them were current and performing at the end of the third quarter, up […]
Revisions to interagency examination procedures for the Fair Debt Collection Practices Act (FDCPA) and its implementing regulation (Regulation F) were released jointly Thursday by federal banking regulators under the umbrella Federal Financial Institutions Examination Council […]
Data provided under the anti-redlining Community Reinvestment Act (CRA) on small business, small farm, and community development lending in 2021 was released Thursday by the three federal banking regulators. The data show that a total of 685 […]
Trading revenue at banks was up 22.9%, for $2.4 billion, in the third quarter of this year from the previous quarter, and grew more than 84% higher than the end of the same period in […]
Rising interest rates have adversely affected bank investment portfolios, making the increases among the top risk issues facing the industry, according to a report issued by the national bank regulator Thursday. The Office of the […]
“Perfection” in adopting current expected credit loss (CECL) requirements at the start of the new year is not expected, the regulator of national banks said Monday, adding that small institutions don’t need big models or […]
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