Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
Banks, savings associations, and credit unions were urged in a statement by regulators Thursday to offer responsible small-dollar loans to consumers and small businesses in response to COVID-19, the illness caused by the novel coronavirus. […]
Financial institutions will not face any action for filing a call report after the due date of March 31, as long as the institution files the report within 30 days of the due date, the […]
Title: Short-Term Investment Funds Subject: Short-term investment fund rule Agency: OCC Status: Interim final rule; request for comments Summary: The OCC is adopting an interim final rule to revise the OCC’s short-term investment fund (STIF) […]
Maturity limits for short-term investment funds (STIFs) were extended Sunday under an interim final rule responding to the market effects of the coronavirus (COVID-19), the Office of the Comptroller of the Currency (OCC) announced. The […]
Federal and state regulators – in urging financial institutions to work with borrowers on the financial impact of the coronavirus crisis – on Sunday pledged a “hands off” policy for banks, credit unions, and savings […]
To avoid delays during the coronavirus crisis, national banks and federal savings associations are being advised to use electronic methods for submitting licensing filings to their federal regulator, the agency said Friday. The Office of […]
A resource “hub” with curated information for business owners, employees, nonprofit, and community organizations impacted by the coronavirus (COVID-19) was launched Friday by the Federal Reserve Bank of New York. This web page is organized […]
Title: Regulatory Capital Rule: Eligible Retained Income Subject: Capital Agency: FDIC, Federal Reserve, OCC Status: Interim final rule; request for comments Summary: In light of recent disruptions in economic conditions caused by the coronavirus disease […]
An interagency set of questions and answers (Q&As) addressing banking regulators’ recent encouragement for banks to use their capital and liquidity buffers to keep lending during the coronavirus pandemic was released Thursday via a Financial […]
The federal banking agencies will provide favorable consideration under Community Reinvestment Act (CRA) rules of certain banking services and community development activities by banks related to the coronavirus crisis, the agencies said Thursday. In a […]
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