Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
Rates in all fee schedules will fall by 10% in 2020 for the regulator of national banks, the result of what the agency said Monday is better operating efficiencies over the past few years. In […]
Civil money penalties totaling $42,500 were assessed against two former executives of JPMorgan Chase Bank, N.A., and Morgan Stanley who retained records containing nonpublic information from the Office of the Comptroller of the Currency (OCC) […]
Banking regulators this week finalized the standardized approach for measuring counterparty credit risk (SA-CCR), but only after making some changes in response to commenters. According to the agencies’ Tuesday announcement, this updated methodology – adopted […]
A final rule issued in October on other real estate owned (OREO) by national banks and federal savings associations (FSAs) will take effect Jan. 1, 2020, instead of Dec. 1, 2019, the Office of the […]
Title: Permissible interest on loans that are sold, assigned, or otherwise transferred Subject: Valid when made Agency: OCC Status: Final rule Summary: Federal law establishes that national banks and savings associations (banks) may charge interest […]
Regulatory action on banks’ derivatives contracts exposures and the definition of high volatility commercial real estate (“HVCRE”) exposure, a final rule on credit union real estate appraisal requirements, and a public briefing on the federal […]
An interest rate on a consumer loan purchased from a bank by a nonbank would continue to be valid after the loan is transferred, essentially overturning the so-called “Madden decision,” the federal regulator of national […]
The Business Continuity Management booklet within federal financial institution regulators’ Information Technology Examination Handbook has been revised to emphasize the importance of ensuring financial institutions’ preparedness to avoid disruptions in operations and to recover services. […]
The regulator of national banks will release its proposal next month for reforming anti-redlining regulations, but the agency likely won’t be joined by at least one of the other two federal banking agencies in the […]
Title: Prohibitions and Restrictions on Proprietary Trading and Certain Interests in, and Relationships With, Hedge Funds and Private Equity Funds Subject: Volcker Rule Agency: FDIC, Federal Reserve, OCC Status: Final rule Summary: The OCC, Board, […]
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