Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
Alleging redlining, three federal agencies took action against a Jackson, Miss., bank – with operations in Memphis, Tenn. – and announced Friday a settlement requiring the financial institution to pay a $5 million penalty and […]
A joint regulators’ statement that suggested actions banks and nonbanks alike should consider taking to ensure safe-and-sound practices during the transition away from the LIBOR reference rate was joined Thursday by the federal consumer financial […]
The importance of maintaining trust in the banking system during the transition from the soon-defunct LIBOR to replacement rates at year’s end will be the topic for the top regulator of national banks when he […]
An updated self-assessment tool to aid banks in their transition from a soon-to-be-defunct reference rate was published Monday by the national bank regulator. In its Bulletin 2021-46, the Office of the Comptroller of the Currency […]
Strategic and operational planning to ensure banks maintain stable financial positions is at the top of the strategies of the 2022 operating plan for the regulator of national banks, release Friday. According to the Office […]
Of the 16 banks whose Community Reinvestment Act (CRA) evaluation ratings became public in September, four were rated “outstanding” and the rest “satisfactory,” the Office of the Comptroller of the Currency (OCC) said Friday. The […]
A report covering 23% of all residential mortgage debt outstanding showed that 95% of loans were current and performing at the end of the second quarter of this year, up from 91.1% at the end […]
Regulatory requirements and processes that the federal regulators use to review a voluntary liquidation of a mutual federal savings association (mutual FSA) have been updated, the Office of the Comptroller of the Currency (OCC) said […]
Saule T. Omarova, a Cornell University law professor, is President Joe Biden’s (D) pick as nominee to a five-year term as Comptroller of the Currency, the White House announced Thursday. A former special advisor for […]
Two booklets issued Wednesday as part of the Comptroller’s Handbook, the national bank regulatory agency’s supervision handbook used by the agency’s examiners, replace booklets published in March 1990 on income and expenses and on regulatory […]
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