Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
An approach to determine several general performance standards under new anti-redlining rules – including evaluation measure benchmarks, retail lending distribution test thresholds, and community development minimums – was proposed Tuesday by the regulator of national banks. The […]
A $250 million civil money penalty was assessed against JPMorgan Chase Bank, N.A. (Columbus, Ohio) by the Office of the Comptroller of the Currency (OCC) over past “unsafe or unsound practices” related, among other things, […]
Title: Fair Access to Financial Services Subject: Risk Agency: OCC Status: Final rule Summary: The Office of the Comptroller of the Currency is proposing a regulation to ensure that national banks and Federal savings associations […]
Banks should provide access to services, capital, and credit based on the risk assessment of individual customers – including oil and other energy companies – rather than broad-based decisions affecting whole categories or classes of customers, […]
Community banks that saw a surge of deposits during the coronavirus crisis – spurred in some cases by customers who received stimulus checks or funding through the Paycheck Protection Program – will receive some regulatory […]
The federal banking and credit union regulators Thursday released a fact sheet meant to clarify Bank Secrecy Act due diligence requirements for credit unions and banks that offer services to charities and non-profits. The fact […]
The threshold for exempting loans from special appraisal requirements applied to higher-priced mortgage loans under the Truth in Lending Act will remain at $27,200 in 2021, unchanged from this year’s threshold, according to an announcement […]
Acting Comptroller of the Currency Brian Brooks is expected to be nominated by President Donald Trump for a five-year term as the head of the Office of the Comptroller of the Currency (OCC), the White […]
The acting top regulator of national banks Tuesday was joined by the chairman of the board for the insurer of bank deposits in marking the resignation of the chairman of the Securities and Exchange Commission […]
Key provisions of the revised Community Reinvestment Act (CRA) rule issued this June by the national bank regulator are highlighted in a bulletin issued Monday that also provides answers to 32 “frequently asked questions” (FAQs) […]
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