Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
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 […]
Support for reviewing Bank Merger Act (BMA) guidelines was cited by a third member of the board of the bank deposit insurance fund, according to his statement issued Tuesday. Michael J. Hsu, acting comptroller of […]
Rescinding anti-redlining rules adopted in 2020 – and replacing them with a regulation based on those issued by it and fellow federal bank agencies in 1995 – is the aim of a final rule issued […]
Two alerts sent out Thursday and Friday by the national bank regulator warn of two fictitious entities that falsely purport to be national banks and are likely seeking to perpetrate identity (ID) theft. The Office […]
Five of the booklets contained in the Comptroller’s Licensing Manual that explain related policies and procedures of the national banking regulator are revised and available now, the agency announced Friday. The revised booklets are titled […]
Mortgage performance improved at national banks by the end of the third quarter – but foreclosures at the financial institutions jumped by more than 150%, according to results released Friday by the national bank regulator. […]
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