Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
A new booklet on unfair or deceptive acts or practices (UDAP) and unfair, deceptive, or abusive acts or practices (UDAAP) was published by the federal regulator of national banks and federal savings associations Monday. The […]
Trading revenue for U.S. commercial banks and federal savings associations declined in the first quarter of the year, totaling $6.7 billion. That’s down $505 million, or 7%, from the fourth quarter of 2019, the Office […]
Title: Margin and Capital Requirements for Covered Swap Entities Subject: Swaps Agency: FDIC, Federal Reserve, OCC Status: Interim final rule Summary: The OCC, Board, FDIC, FCA, and FHFA (each an Agency and, collectively, the Agencies) […]
Weak financial performance and increasing credit, operational, and compliance risks resulting from the financial impact of the coronavirus crisis are among the “key risk themes” outlined in a report issued Monday by the federal bank […]
An updated list of questions and answers aimed at providing insight to changes to flood insurance requirements under new rules regarding loans in special flood hazard areas were released for comment Friday by federal banking […]
With its vote Thursday – on a split vote (again) – the federal insurer of bank deposits jumped on board changes by federal banking and securities regulators to swap margin rules aimed at what they […]
Title: Assessment of Fees Subject: Assessments Agency: OCC Status: Interim final rule Summary: The Office of the Comptroller of the Currency (OCC) is adopting an interim final rule to reduce assessments in response to the […]
The 2020 list of distressed or underserved nonmetropolitan middle-income geographies – which identifies areas where activities are eligible to receive Community Reinvestment Act (CRA) consideration under the community development definition – are now available, the […]
Guidance intended to promote consistency and flexibility in the supervision and examination of financial institutions affected by the coronavirus crisis was issued Tuesday by federal banking and credit union regulators. The agencies noted, in releasing […]
The chief regulator of national banks and federal savings associations on Monday noted that it doesn’t hold or transfer funds for others and that consumers should not respond to any email communications that suggest otherwise, […]
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