Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
A set of questions, with answers, regarding the acceptance of flood insurance policies issued by private insurers is out for a 60-day comment period ending about May 17. The private flood insurance Q&A was issued […]
Twenty-four questions and answers addressing the private flood insurance provisions of the 2012 Biggert-Watters Flood Insurance Reform Act were proposed Thursday by federal financial institution regulators. The proposal – issued jointly by the Farm Credit […]
Making capital investments in minority depository institutions (MDIs) and community development financial institutions (CDFIs) through a new program of the Treasury Department is supported in an interim final rule issued Tuesday by the federal banking […]
A new version of frequently asked questions (FAQ) – which adds five new questions – to assist financial institutions and examiners with determining Community Reinvestment Act (CRA) consideration for activities undertaken in response to the […]
The Servicemembers Civil Relief Act (SCRA) booklet of the Comptroller’s Handbook – which covers examination procedures focused on the law’s consumer protections for military servicemembers – has been revised by the Office of the Comptroller […]
A statement recognizing the 158th anniversary of the National Currency Act and the 156th anniversary of the Freedman’s Savings and Trust Company was issued to agency staff Wednesday by Acting Comptroller of the Currency Blake […]
Of the 13 banks whose Community Reinvestment Act (CRA) ratings became public in February, three were rated “outstanding” while one was deemed “needs to improve,” according to a release Tuesday by the Office of the […]
Comments are sought on a proposal issued jointly by the three federal banking agencies that would add items to call reports to help evaluate the funding stability of sweep deposits over time, according to a […]
Updates to four sections of the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual were released Thursday by federal banking and credit union regulators and the State Liaison Committee of the Federal Financial Institutions Examination Council […]
Credit risk for large, syndicated loans has increased over the last year, according to a report issued Thursday by the federal banking agencies, largely as a result of the financial impact of the coronavirus pandemic. […]
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