Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
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 […]
With the House voting Thursday to join the Senate in overturning the “true lender rule” by the federal regulator of national banks, the acting chief of the agency said it would respect the decision by […]
A notice of prohibition, four consent prohibition orders and an $18,000 civil money penalty (CMP) assessment were executed in May and early June by the Office of the Comptroller of the Currency (OCC), according to […]
Updates to four sections of the Bank Secrecy Act/anti-money laundering (BSA/AML) examination manual for financial institution examiners were announced Monday by the federal financial institution regulators’ umbrella examination council. The manual, published by the Federal […]
The three federal banking agencies were closed Friday, they announced in separate releases Thursday, in observance of the new federal Juneteenth National Independence Day holiday signed into law Thursday by President Joe Biden (D). The […]
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