Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
The national bank regulator has named three of its examiners as “senior national bank examiners,” a rare designation that Comptroller of the Currency Michael Hsu said has been bestowed on just a “select few” examiners […]
Operational resilience standards for critical operations at banks will be the subject of a forthcoming advance notice of proposed rulemaking (ANPR), the leader of the Office of the Comptroller of the Currency (OCC) said Friday. […]
Revised recovery planning standards for certain large insured national banks, federal savings associations, and federal branches, were published late Tuesday by the national bank regulator; the standards are effective Jan. 1 with staggered compliance dates, […]
Interest rate risk (IRR) data gathered during examinations of midsize and community banks and federal savings associations are presented in the annual statistics report issued by the national bank regulator, published Monday. The Office of […]
Formal agreements with five banks for “unsafe or unsound practices” were reached by the national bank regulator in October, so far, the agency said in a Thursday release. The five actions included the agreement reached […]
Fines of $1.8 billion announced Oct. 10 against TD Bank N.A. (TDBNA) for violations of anti-money laundering laws were the result of a coordinated resolution among the federal banking agencies and law enforcement, according to […]
Federal financial institution regulators and Florida’s financial regulatory office teamed up in a joint statement Tuesday on their supervisory considerations in addressing the needs of customers and financial institutions affected by Hurricane Milton. In a […]
Academic research papers on the use of artificial intelligence (AI) in banking and finance, including on topics such as the effect on financial stability and use for fraud, are being sought by the regulator of […]
The threshold will increase from $32,400 to $33,500 for higher-priced mortgage loans that are subject to special appraisal requirements, the federal banking and consumer financial protection agencies said Friday. The new threshold takes effect Jan. […]
Refinance risk in commercial lending at banks is addressed in a bulletin issued Thursday by the regulator of national banks. According to the Office of the Comptroller of the Currency (OCC), refinance risk occurs when […]
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