Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
Comments are due Sept. 17 about proposed guidance on third-party risk management at banks – including that related to deals with financial technology (fintech) firms – issued by the federal banking agencies, according to the […]
If Federal Reserve Board (FRB) Chair Jerome H. (“Jay”) Powell should be looking over his shoulder at a replacement for him when his term runs out in February, the White House is giving no indication […]
Expansion to three cities of a project designed to bring diverse inclusion and participation in the economy was announced Friday by the regulator of national banks. Acting Comptroller of the Currency Michael J. Hsu said […]
Title: Proposed Interagency Guidance on Third-Party Relationships: Risk Management Subject: Third-party relationships Agency: FDIC, Federal Reserve, OCC Status: Proposed interagency guidance and request for comment Summary: The Board, FDIC, and OCC (together, the agencies) invite […]
Joint agency guidance for banking institutions on third-party risk management – including that related to arrangements with fintech (financial technology) firms – was issued Tuesday for a 60-day public comment period by the Federal Reserve, […]
The position of chief operating officer (COO) is “retired” at the national bank regulator, under a reorganization plan announced Tuesday by the agency; however, the veteran occupant of that position will stay with the agency […]
The regulator of national banks on Friday released Community Reinvestment Act (CRA) evaluation ratings for 16 banks, calling five of them “outstanding” and 11 “satisfactory” for their efforts to comply with the anti-redlining law. The […]
An interagency statement Wednesday by federal and state financial institution regulators gives supervised institutions a heads up to plans for future Bank Secrecy Act (BSA) rule changes to incorporate just-issued national priorities for anti-money laundering […]
The performance of first-lien mortgages declined in the first quarter of 2021, with 94.2% of mortgages included being current and performing at the end of the quarter, down from 96.5% a year earlier due to […]
U.S. commercial banks and savings associations reported $10.5 billion in trading revenue for the first quarter of 2021, up $4.2 billion, or 65.9%, from the previous quarter, the Office of the Comptroller of the Currency […]
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