Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
Temporary deferrals on real estate-related appraisals and evaluations under federal banking agencies’ interagency appraisal regulations were issued late Tuesday for up to 120 days. The National Credit Union Administration (NCUA) Board is considering a similar […]
Issues and potential solutions relating to the Paycheck Protection Program (PPP) created under a recently enacted law related to the coronavirus (COVID-19) pandemic will be discussed over the course of three listening sessions to be […]
More than 7,400 comment letters on a proposal to reform regulations implementing anti-redlining laws were received by the federal regulator of national banks as the comment period came to close April 8, the agency reported […]
A webinar to discuss a new transition provision in an interagency Interim Final Rule (IFR) to delay the impact that the current expected credit losses methodology (CECL) for estimating allowances for credit losses has on […]
Changes resulting from legislation passed in late March providing banks with regulatory relief in response to the coronavirus crisis will be applied to call reports for March 31, the federal banking agencies said in a […]
Title: Regulatory Capital Rule: Paycheck Protection Program Lending Facility and Paycheck Protection Program Loans Subject: Capital Agency: FDIC, Federal Reserve, OCC Status: Interim final rule Summary: To provide liquidity to small business lenders and the […]
An interim final rule allowing financial institutions to neutralize regulatory capital effects with respect to leverage and risk-based ratios for loans pledged to a new “Payroll Protection Program Loan Facility” was announced Thursday by the […]
A letter urging suspension of efforts to revise Community Reinvestment Act (CRA) rules during the coronavirus (COVID-19) pandemic, and urging a new effort that also includes the Federal Reserve once this crisis passes, was sent […]
Hoping to match up past statements with newly enacted laws, federal financial institution regulators Tuesday issued a joint statement noting that loan modification programs (including troubled debt restructurings [TDRs]) offered to financial institution customers affected […]
Loans made under a loan program to protect workers’ earnings (the Paycheck Protection Program, PPP) will not require re-verification under applicable anti-money laundering laws unless otherwise indicated by the financial institution’s risk-based approach to compliance […]
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