Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
Only the very largest banks – those with $700 billion in assets or more – would be subject to “heightened standards” for gauging threats to the financial system under a proposal issued Tuesday by the […]
U.S. commercial banks and savings associations had $18.4 billion in cumulative trading revenue in the third quarter of this year – $1.8 billion (10.9%) more than the previous quarter and $2.1 billion (12.7%) more than […]
Two federal banking agencies will no longer issue an annual letter to banks outlining their expectations for compliance with insider lending restrictions and related reporting requirements, an effort toward “greater certainty,” they said in a […]
A 2024 amendment to an earlier consent order against Citibank, N.A., was among six terminations of orders issued by the national bank regulator in December and released Thursday. The order terminations were the only enforcements […]
Fifty-five outdated or replaced bulletins and other issuances – including advisory letters, circulars, and more — were rescinded by the national bank regulator Thursday; the issuances were published over a 40-year period, the regulator said. […]
A bank could tailor its anti-redlining examination based on the needs of the community and the products and services the bank offers to serve those needs under proposed guidance unveiled Wednesday by the national bank […]
The importance of innovation in banking is given “special topic” attention in the national banking regulator’s semiannual risk perspective report, which also provides updates on the industry’s credit, market, cybersecurity and fraud risks. The report, […]
Consumers are holding their own with their mortgages as banks reported 97.4% current and performing at the end of the third quarter – which was the same level a year ago, the Office of the […]
Monday was the day for federal financial regulators to set various fee limits and dollar thresholds for the coming year, including those for fair credit reporting, truth in lending and consumer leasing, and appraisal requirements […]
Stablecoins and their issuance received a big boost Friday when five new national banks – two de novo charters and three conversions from state charters – were conditionally approved by the national bank regulator, all […]
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