Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
Operational risk, elevated among banks as they adapt to changing technology needed to counter cybersecurity threats, is among the hazards facing the banking industry, the regulator of national banks said Monday in its semiannual report […]
Forty-five percent of federally chartered banking institutions whose Community Reinvestment Act (CRA) evaluations became public in November – that’s 10 out of a total of 22 institutions on that list – received ratings of “outstanding” […]
The nation’s top regulator of federally chartered banks failed to appear before a House committee’s oversight hearing with other regulators Wednesday, leaving his written statement to speak for him on a variety of key issues, […]
The value of information not typically found in a consumer’s credit report, used against the backdrop of a well-designed compliance management program, is recognized as potentially helpful in credit underwriting in a statement issued jointly […]
Evaluations of compliance with the anti-redlining Community Reinvestment Act (CRA) are slated for 152 federally chartered banking institutions throughout 39 states during the first and second quarters of 2020, according to a scheduled released Tuesday. […]
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 […]
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