Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
The panel that advises the supervisor of nationally chartered banks on minority depository institutions is set to hold a public meeting Sept. 1 by remote means. The Office of the Comptroller of the Currency (OCC) […]
Nine banks earned ratings of “outstanding” for compliance with anti-redlining rules by the regulator of national banks in July, the agency said Friday – accounting for 30% of all evaluations publicly released last month. The […]
An interim reduction of assessments charged by the federal regulator of national banks goes into effect Sept. 7, to be reflected in assessments paid Sept. 30, the agency said in a release Friday. The Sept. […]
A 2019 data breach affecting the personal information of more than 100 million credit card customers and credit card applicants of Capital One has yielded an $80 million civil money penalty for the bank and […]
An interim final rule codifying the “standard withdrawal period” for a collective investment fund (CIF) and allowing for an exception, with the regulator’s approval, was issued for comment Tuesday by the Office of the Comptroller […]
A new bank charter for a San Francisco-based financial institution, but expected to build a national footprint, was touted by the regulator of national banks Friday as representing the “evolution of banking.” In a release, […]
Providing cryptocurrency custody services, including holding unique cryptographic keys associated with cryptocurrency, is a modern form of traditional bank activities related to custody services and is permitted for federally chartered banks and savings associations, the […]
Title: National Banks and Federal Savings Associations as Lenders Subject: “True lender” Agency: OCC Status: Final rule; Congressional Review Act revocation Summary: Under the Congressional Review Act (CRA), Congress has passed and the President has […]
A bank that makes a loan would be determined a “true lender” under the provisions of a rule proposed Monday by the national bank regulator. The Office of the Comptroller of the Currency (OCC) said […]
The nine enforcement actions announced by the Office of the Comptroller of the Currency (OCC) this week included one civil money penalty assessment (CMP) of $100,000 related to a bank’s deficiencies under the Bank Secrecy […]
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