Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
The head of the agency that charters national banks and thrifts on Wednesday welcomed a task force report from the consumer financial protection agency for “endorsing” the need for federal charters for financial technology – […]
A final rule aimed at limiting the “interconnectedness” of large banking organizations approved by federal banking regulators is set to take effect April 1. Published Wednesday in the Federal Register, the final rule revises the […]
Stablecoins may be used to conduct payment activities and other bank-permissible functions by national banks and federal savings associations, their federal regulator said in a letter issued Monday. The letter, issued by the Office of […]
Standards for determining the permissibility of a bank or federal savings association (FSA) acquiring and holding real estate used as its premises (FSA), and leasing excess space or capacity, would be defined and incorporated in […]
Two candidates have been renominated by the White House to lead federal financial institution regulators – but Senate action on those nominations most likely will have to take place by Jan. 20 in order for […]
A final rule that updates or eliminates outdated regulatory requirements that “no longer reflect the modern financial system,” incorporates or codifies agency interpretations, and more is set to take effect April 1, the Office of […]
The federal banking agencies have extended, to Jan. 1, 2022, temporary “no-action” relief for applying Regulation O to companies that manage funds investing in banking organizations. The action by the agencies extends relief provided last […]
How the federal agency that charters national banks interprets standards for federal preemption of state law under the 2010 financial consumer protection statute is detailed in a new interpretive letter. The letter, issued Friday by […]
The “forward” booklet explaining the organization, format, and process for revising portions of the Comptroller’s Handbook containing examiner guidance has been updated to rescind the version published in May 2019, according to a bulletin issued […]
The three federal banking agencies Friday jointly released a proposal requiring banks and banking organizations they supervise to promptly notify their primary federal regulator in the event of a computer security incident. The joint release […]
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