Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
A new proposed rule to update banks’ requirements under the anti-redlining Community Reinvestment Act (CRA) was issued jointly Thursday by the three federal banking regulatory agencies. Issuance of the proposed rule, out for a 90-day […]
Title: Community Reinvestment Act Subject: CRA modernization Agency: FDIC, Federal Reserve, OCC Status: Proposed rule Summary: The Board of Governors of the Federal Reserve System (Board), the Federal Deposit Insurance Corporation (FDIC), and the Office […]
Promoting responsible innovation in the federal banking system is the objective of virtual office hours scheduled by the national bank regulator for June 14-15, the agency said Wednesday. And, according to the Office of the […]
Nine out of 69 federally supervised banks evaluated recently for their efforts under the anti-redlining Community Reinvestment Act (CRA) were rated “outstanding,” according to information released Tuesday by regulators, while one was deemed “needs to […]
Stablecoins and their usage should be subject to a standard-setting initiative similar to that undertaken by bodies that set touchstones for the Internet, the leader of the regulator of national banks said Wednesday. In a […]
Five workshops for national bank and federal savings association directors for the second half of the year were announced Wednesday by their federal regulator and will cover various risks for banks and “keys to success” […]
Milwaukee, Wis., is the latest addition to a program of the national bank regulator aimed at improving financial access to capital for minority-owned and small businesses, and affordable home ownership, the agency said Wednesday. The […]
A proposal to revise federal banking regulators’ Community Reinvestment Act (CRA) regulations is expected to allow regulators to evaluate “more comprehensively” the CRA performance of banks that offer mortgage loans outside traditional, branch-based assessment areas, […]
A final rule takes effect May 1 amending the national bank regulator’s suspicious activity report (SAR) regulations, which allow the agency to issue exemptions from the requirements of those regulations if a bank meets the […]
Updating rules governing formal administrative proceedings for insured depository institutions by aligning them with current practices and facilitating the use of electronic communications and technology in formal administrative proceedings was proposed jointly Wednesday by the […]
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