Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
The 2020 list of distressed or underserved nonmetropolitan middle-income geographies – which identifies areas where activities are eligible to receive Community Reinvestment Act (CRA) consideration under the community development definition – are now available, the […]
Guidance intended to promote consistency and flexibility in the supervision and examination of financial institutions affected by the coronavirus crisis was issued Tuesday by federal banking and credit union regulators. The agencies noted, in releasing […]
The chief regulator of national banks and federal savings associations on Monday noted that it doesn’t hold or transfer funds for others and that consumers should not respond to any email communications that suggest otherwise, […]
National banks and thrifts are getting a break on the fees they pay to cover the operations of their federal regulator due to the impact of the coronavirus crisis, the agency said Monday. In an […]
A bulletin that reminds banks that federal laws and rules governing their activities, including any relief they provide customers affected by the coronavirus (COVID-19) pandemic, generally preempt state laws was issued Wednesday by the Office […]
The use of state loan-to-deposit (LTD) ratios to ensure against banks using interstate branches primarily for deposit production is explained in a bulletin issued Wednesday by the Office of the Comptroller of the Currency (OCC). […]
Mortgage data collected from seven national banks with large mortgage-servicing portfolios shows that 96.5% of first-lien residential mortgage loans serviced there remained current in the first quarter, up slightly from a year earlier (96.2%). These […]
The first batch of quarterly bank data since the declaration of the global health pandemic (the novel coronavirus, or COVID-19) is slated for release next week, which also brings – among other things – Federal Reserve […]
A final rule that clarifies accounting requirements and makes it easier for federal savings associations (FSAs) to convert from mutual to stock form was approved Tuesday by the Office of the Comptroller of the Currency […]
A public meeting, held by webinar, of the Mutual Savings Association Advisory Committee (MSAAC) for the Office of the Comptroller of the Currency (OCC) is slated for 1 p.m. ET June 29, according to a […]
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