Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
Information on how financial institutions use artificial intelligence (AI) in their activities, including fraud prevention, personalization of customer services, credit underwriting, and more is sought under a request for information announced Monday by federal bank, […]
The interagency council formed under the 2010 Dodd-Frank Act to identify risks to financial stability and respond to emerging threats is set to meet next Wednesday on climate change and its potential impact on stability, […]
The percentage of mortgages that were current and performing in the fourth quarter of 2020 declined 3.2% to 93.3% from a year earlier, the Office of the Comptroller of the Currency (OCC) reported Thursday based […]
Details on what is a tax equity finance (TEF) transaction and the regulatory requirements affecting banks engaged in one are outlined in a bulletin issued Thursday by the Office of the Comptroller of the Currency […]
Reported trading revenue of U.S. commercial banks and savings associations totaled $6.3 billion in the fourth quarter of 2020, down $588 million, or 8.5%, from the previous quarter, the Office of the Comptroller of the […]
The Minority Depository Institutions Advisory Committee (MDIAC) for the Office of the Comptroller of the Currency (OCC) is scheduled to hold a public meeting April 13 via webinar, according to a notice for the Federal […]
The temporary change to the supplementary leverage ratio (SLR) for bank holding companies will be allowed to expire as scheduled at month’s end, federal banking agencies said Friday; however, measures to adjust the SLR will […]
An interim final rule to support a Treasury program making capital investments in minority depository institutions (MDIs) and community development financial institutions (CDFIs) is slated to publish in the Federal Register and to go into effect […]
A former vice president of business banking at PNC Bank, N.A., Wilmington, Del., was barred from future service in any insured financial institution and assessed a $35,000 civil money penalty for allegedly circumventing his bank’s […]
New members to committees representing minority depository institutions and mutual savings associations were announced Thursday by the regulator of national banks. The Office of the Comptroller of the Currency (OCC) said it had named seven […]
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