Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
Federal banking, housing finance, and securities regulators have begun a review of credit risk retention rules affecting federally insured banks and thrifts that securitize residential mortgage loans. The agencies said they would accept public comments […]
Eight banks earned “outstanding” ratings for their compliance with anti-redlining rules, the regulator of national banks said Thursday, noting the remaining 16 banks for which the evaluations were released received “satisfactory” evaluations. No banks earned either […]
The maximum civil money penalties (CMPs) the Office of the Comptroller of the Currency (OCC) may assess against banks for violations under the agency’s jurisdiction have been adjusted upward for the year ahead by 1.764%, […]
Title: Community Reinvestment Act Regulations Subject: CRA Agency: FDIC, Federal Reserve, OCC Status: Final rule Summary: The OCC, the Board, and the FDIC (collectively, the Agencies) are amending their Community Reinvestment Act (CRA) regulations to […]
New asset-size thresholds used to define small- and intermediate small-sized banks and savings institutions under anti-redlining rules take effect Wednesday, the first day of 2020, the federal banking agencies said Monday. According to a Federal […]
Two of three individuals working at JPMorgan Chase Bank, N.A., who were indicted in August of commodities fraud involving precious metals trading have been suspended from their positions at the bank and barred from any […]
The regulator of national banks gets his chance to discuss his proposed reforms to anti-redlining rules at a Jan. 29 hearing before the House committee that holds oversight authority over his agency. Politico reported Friday […]
More than 96% of mortgages were current and performing at the end of the 2019 third quarter, a slight improvement from the same period in 2018 (at more than 95%), the federal regulator of national […]
Bank trading revenue was down nearly 11%, or $900 million, in the third quarter from the previous quarter, the regulator of national banks said Wednesday. The Office of the Comptroller of the Currency (OCC) said […]
Taking his case to web video, the regulator of national banks said Monday that his proposal to rewrite anti-redlining rules for banks is based on his view that “we need rules that encourage banks to […]
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