Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
Combined fines of $225 million were assessed Thursday against Bank of America by two federal regulators accusing the bank of botching disbursement of state unemployment benefits at the height of the coronavirus crisis. In a […]
Of the 18 banks whose Community Reinvestment Act (CRA) evaluation ratings became public in June, five of them received ratings of “outstanding,” with the rest given ratings of “satisfactory,” the national bank regulator said Friday. […]
No customer type presents a single level of uniform risk or a particular risk profile related to money laundering, terrorist financing or other illicit financial activity, the federal banking and credit union agencies, along with […]
Ensuring that stablecoin arrangements are subject to a federal framework on a “consistent and comprehensive basis” is an “urgent need,” Secretary of the Treasury Janet Yellen told a group of regulators Thursday. During a meeting […]
This year’s list of distressed or underserved, middle-income geographic areas that are eligible to receive Community Reinvestment Act (CRA) consideration was released Friday by the federal banking agencies. More specifically, the list represents distressed or […]
Two workshops focusing on risk are scheduled for July 26-27 in St. Louis for directors of community banks and federal savings associations, the national bank regulator said Thursday. On July 26, the Office of the […]
Data on host state loan-to-deposit ratios that banking regulators use to determine banks’ compliance with a federal prohibition on acquiring branches outside their home states primarily to acquire more deposits was published Tuesday by the […]
Thirty-five new and returning high school students from 11 Washington, D.C., high schools will be hosted this year through a high school scholar internship program, the regulator of national banks said Monday. The Office of […]
Inflation, a rising interest-rate environment, and ongoing pandemic and geopolitical events are among the key risks facing the performance of the nation’s banks, according to a report issued late Thursday by the national bank regulator. […]
A former acting top regulator of national banks announced his retirement Friday, as other executive changes were announced by the agency. Blake Paulson, who served as acting comptroller of the currency – the top position […]
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