Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
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 […]
Rules that modify the community bank leverage ratio, ease automatic restrictions on dividend and other distributions and allow banks to mitigate the impact for two years of new accounting standards related to credit losses were […]
Wildfires ravaging or threatening communities in California and Colorado – and a strengthening hurricane approaching the Gulf Coast — have moved the regulator of national banks to allow financial institutions to close offices in those […]
A joint statement from regulators Friday seeks to clarify how banks and credit unions can apply a risk-based approach to politically exposed persons (PEPs) – and this is not interpreted to include U.S. public officials […]
A former teller of Santander Bank, N.A. (Wilmington, Del.) has been prohibited from future service in any federally insured financial institution under a consent order released Thursday by the Office of the Comptroller of the […]
The federal agency that charters and supervises national banks and federal savings associations on Monday issued the 2020 update to its Bank Accounting Advisory Series (BAAS), a publication that provides the agency’s interpretations of accounting […]
A statement intended to clarify and provide transparency on how regulators evaluate enforcement actions required by law in response to Bank Secrecy Act/anti-money laundering (BSA/AML) violations was issued jointly by federal bank and credit union […]
Updated Aug. 13, 2020 An Office of the Comptroller of the Currency (OCC) interim final rule that provides for an exception to the “standard withdrawal period” for a collective investment fund (CIF) was published in […]
Title: Collective Investment Funds: Prior Notice Period for Withdrawals Subject: Collective investment funds Agency: OCC Status: Final rule Summary: The OCC is adopting as final, with one minor change, the interim final rule published in […]
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) […]
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