Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
The Office of the Comptroller of the Currency (OCC) has 133 banks on its Community Reinvestment Act (CRA) evaluation schedule in the two final quarters of 2021, with a concentration of efforts planned in Illinois […]
Final changes to bank call reports were announced Tuesday by the federal banking agencies, with few if any revisions to those proposed in December and February; the effective dates for the changes are June 30 […]
“Unsafe and unsound practices” are the reason cited for an enforcement order dated April 20 between Milton Savings Bank, Milton, Pa., and the Office of the Comptroller of the Currency (OCC), according to information released […]
A final rule that provides an exception allowing longer than the standard withdrawal period for certain bank- or savings association-administered collective investment funds (CIF) was made final Friday by the Office of the Comptroller of […]
Ratios used to determine whether a bank may establish or buy a branch (or branches) without triggering prohibitions on doing so primarily for producing deposits were released Friday by federal banking agencies. The “host state […]
Four urgent problems – including digitalization of banking finance – face the banking system, the acting leader of the federal regulator of national banks told a House panel Wednesday. Acting Comptroller of the Currency Michael […]
Bank profitability remains “stressed” due to low interest rates and loan growth, the federal regulator of national banks said Tuesday, pointing to increased credit risk as the financial impact of the coronavirus crisis continues to […]
The agency that issues federal bank and thrift charters on Tuesday said it plans to reconsider last year’s Community Reinvestment Act (CRA) final rule and said it “will not object” to banks suspending their work […]
Measures that would repeal the “true lender” rule for banks, restore the federal credit union regulator’s short-lived, direct authority over third-party vendors, and set a trigger for the countercyclical capital buffer (CCyB) for banks are […]
An extension to July 1 for the deadline to comment on how financial institutions use artificial intelligence (AI) in their activities was announced Monday by financial institution regulators. The invitation to comment was provided in […]
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