Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
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 […]
A bulletin on a proposed rule to require banks that file tax returns are part of a consolidated tax filing group to enter into tax allocation agreements with their holding companies and other members of […]
Benjamin W. McDonough will take the post of senior deputy comptroller and chief counsel at the Office of the Comptroller of the Currency (OCC) June 7, the OCC announced Monday. The agency said McDonough, who […]
The House is expected to pass legislation that would repeal the controversial “true lender” rule adopted last fall by the federal regulator of national banks, joining the Senate which adopted the legislation Tuesday. In a […]
While saying his immediate focus as acting comptroller of the currency will be “solving urgent problems and addressing pressing issues,” Michael J. Hsu also said Monday that he will be announcing a “review of key […]
Title: Tax Allocation Agreements Subject: Tax allocation agreements Agency: FDIC, Federal Reserve, OCC Status: Proposed rule Summary: The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and […]
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