Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
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 […]
Following up on the creation of a facility to shore up money market mutual funds, the federal banking agencies Thursday released an interim final rule that gives financial institutions the latitude to actually use the […]
The Senate Banking Committee has postponed its oversight hearing, previously scheduled for March 24, featuring Comptroller of the Currency Joseph P. Otting as the sole witness. The hearing was to focus on activities at the […]
Mortgage performance at banks improved slightly in 2019 from the year before, the federal regulator of national banks said Tuesday, with the percentage of mortgages that were current and performing at 96.5% at the at […]
Reactions by federal financial institution regulators – particularly the Federal Reserve – in response to the spread of the coronavirus’s financial impact over the past several days have been significant. Here’s a rundown with a […]
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