Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
Lender underwriting should look back to a borrower’s pre-pandemic condition and forward to post-pandemic condition, according to revised frequently asked questions (FAQs) addressing the Main Street Lending Program issued Friday by the Federal Reserve. In […]
Civil money penalties totaling $124,000 were assessed against seven individuals, all formerly employed by or on the board of City National Bank of New Jersey (Newark), over risk issues and Bank Secrecy Act violations under […]
U.S. commercial banks and federal savings associations had $14.7 billion in trading revenue in the second quarter, up $8 billion, or 119.3%, from the first quarter and 81.5% more than the $8.1 billion reported in […]
Teleconference will be the venue for a Sept. 22 public meeting of the Office of the Comptroller of the Currency’s (OCC) Mutual Savings Association Advisory Committee (MSAAC), the agency said in a recent announcement. The […]
A bulletin that details sound risk management principles on loan purchase activities was issued to banks Thursday by the Office of the Comptroller of the Currency (OCC) and rescinds a circular issued nearly four decades […]
Federal bank regulators have released Community Reinvestment Act (CRA) examination schedules showing 508 banks and savings associations scheduled for evaluation for compliance with anti-redlining rules over the fourth quarter of this year and the first […]
A booklet containing clarifications and updates to the federal bank chartering agency’s policies and processes on the establishment, operations, and other corporate activities of federally licensed offices of foreign banks was published Wednesday. The Office […]
Federal regulators have extended until Nov. 3 the public comment deadline on their proposed update to interagency questions and answers regarding flood insurance, the agencies announced recently. In a Sept. 1 release, the regulators – […]
Aspects of “opportunity zone” investments, and how activities in those zones may support a bank’s community and economic development strategies (including anti-redlining consideration), are outlined in a paper published Friday by the federal regulator of […]
Loan forgiveness and other issues related to a federal lending program to help businesses face the financial impact of the coronavirus crisis will be the focus of a webinar postponed to next week by federal […]
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