Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
Seven of the 23 banks whose Community Reinvestment Act (CRA) ratings were made public in December received the highest possible rating – outstanding – in recent evaluations by the Office of the Comptroller of the […]
Data on small business, small farm, and community development lending during 2020 was released Tuesday by federal banking regulators, fulfilling statutory requirements under federal anti-redlining laws. The Federal Reserve Board, the Federal Deposit Insurance Corp. […]
The “Other Real Estate Owned” (OREO) booklet of the Comptroller’s Handbook has been updated and replaces the booklet issued in September 2020, the Office of the Comptroller of the Currency (OCC) said in a bulletin. […]
Banks that choose to have their capital requirements determined under the voluntary community bank leverage ratio (CBLR) framework will be subject to a 9% CBLR beginning Jan. 1 to continue to qualify for the framework, […]
Regulators have decided to leave unchanged their definitions of qualified residential mortgage (QRM), the community-focused residential mortgage exemption, and the exemption for qualifying three-to-four-unit residential mortgage loans under their 2014 federal credit risk retention regulations. […]
Trading revenue was down 15.5% — or $1.3 billion – in the third quarter from the previous quarter at commercial banks and savings associations, their federal regulator said Monday. In its Quarterly Report on Bank […]
Temporary “no-action” relief under Regulation O for companies that manage funds investing in banking organizations was extended further in a revised statement Friday by the three federal banking regulators. The Federal Reserve, Federal Deposit Insurance […]
Feedback on draft principles for dealing with climate-change-related financial risks was requested from large national banks and thrifts by their federal regulator Thursday. The Office of the Comptroller of the Currency (OCC) said it made […]
Civil money penalties totaling $8 million are to be paid by CommunityBank of Texas, N.A., over violations of the Bank Secrecy Act (BSA) and implementing rules, according to consent orders announced Thursday by Treasury’s financial […]
The impacts of the national bank regulator’s final rule rescinding the 2020 Community Reinvestment Act (CRA) regulations, which were issued only by that agency, should be limited given the delayed compliance dates for some of […]
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