OCC – Page 97 – Regulatory Report

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[ February 4, 2026 ] Lax oversight of IT contract resulted in compliance issues with internal policies, FDIC watchdog finds in audit FDIC
[ February 2, 2026 ] Credit union regulator takes on additional, paid role as member of another regulatory agency’s panel NCUA
[ February 2, 2026 ] Despite tighter standards, lending for C&I picked up for larger firms in 4Q ’25, report contends The Fed
[ February 2, 2026 ] $261 million Chicago bank becomes first to fail in 2026; office reopened Monday under new owner FDIC
[ February 2, 2026 ] OCC rates 8 banks ‘outstanding’ under anti-redlining statute; another 21 deemed ‘satisfactory’ OCC

OCC’s Otting will be only witness at hearing next week on CRA rule revision proposal, other issues

January 24, 2020 0

Proposed revisions to regulations enforcing anti-redlining laws will be the focus of an oversight hearing next week by a House committee and featuring the top regulator of national banks, according to a memo released by […]

Former Wells Fargo CEO, others face a combined $58.5 million in fines for bank’s ‘misconduct’

January 23, 2020 0

The former chief executive officer of Wells Fargo Bank, N.A. (Sioux Falls, S.D.) and seven others will have to pay a combined $58.5 million in civil money penalties under charges and orders citing their failure […]

Final rule on counterparty credit risk measurement (SA-CCR) slated, at long last, for Federal Register publication

January 23, 2020 0

A final rule adopted last November that implements a standardized approach for measuring counterparty credit risk (SA-CCR), and which begins taking effect April 1, is slated for publication Friday in the Federal Register. The rule […]

Citibank pays nearly $18 million for violating flood insurance requirements

January 21, 2020 0

A fine of nearly $18 million is the result of findings of shortcomings in flood insurance protection for one of the nation’s largest banking organizations by the federal regulator of national banks, the agency said […]

Banks warned of heightened cybersecurity risk in joint agency statement

January 17, 2020 0

Federally supervised banking organizations were warned Thursday of heightened cybersecurity risk amid current global tensions in a joint statement by two federal banking regulators. “The Department of Homeland Security has indicated there is heightened risk […]

OCC prohibition order says former Santander Bank employee stole customers’ funds

January 16, 2020 0

A former personal banking representative at Santander Bank, N.A. (Wilmington, Del.) who reportedly withdrew more than $46,000 from customers’ accounts without authorization was permanently barred from any involvement or future service in any federally insured […]

Comment period opens on OCC/FDIC proposal to reform CRA

January 9, 2020 0

The comment period on proposed anti-redlining reform by the federal regulator of national banks and the federal insurer of banks deposits started Thursday and runs to March 9, according to a notice published in the […]

Community Reinvestment Act Regulations; Request for Public Input

January 9, 2020 0

Title: Community Reinvestment Act Regulations; Request for Public Input Subject: CRA Agency: OCC Status: Request for information Summary: On January 9, 2020, the OCC and the Federal Deposit Insurance Corporation (the agencies) published a notice […]

Employment Contracts, Mutual to Stock Conversions, Technical Amendments

January 9, 2020 0

Title: Employment Contracts, Mutual to Stock Conversions, Technical Amendments Subject: Employment contracts, conversions Agency: OCC Status: Final rule Summary: The OCC is issuing a final rule that repeals the OCC’s employment contracts rule for Federal […]

Comptroller to seek detailed data from banks related to CRA compliance burden

January 9, 2020 0

Following up on a proposal to reform anti-redlining laws (which was published Thursday, with comments due March 9), the regulator of national banks will officially issue a “request for information” (RFI) on the issue Friday. […]

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Lax oversight of IT contract resulted in compliance issues with internal policies, FDIC watchdog finds in audit

February 4, 2026 0

Lax oversight of a contractor for a $300 million information technology project resulted in questionable compliance with internal policies, including holding the contractor to agreed-upon metrics, the inspector general for the federal bank deposit insurance agency said Wednesday. In a [...]
Credit union regulator takes on additional, paid role as member of another regulatory agency’s panel

February 2, 2026 0

In an unusual development, two positions on federal regulatory panels will be held by the current board chairman of the credit union regulator, he announced late Friday. National Credit Union Administration (NCUA) Board Chairman Kyle Hauptman, in a statement, thanked [...]
Despite tighter standards, lending for C&I picked up for larger firms in 4Q ’25, report contends

February 2, 2026 0

Lending standards were tighter for commercial and industrial loans in the final quarter of last year, but demand was “stronger” for the borrowing among some firms, according to a report issued Monday by the Federal Reserve. In its Senior Loan [...]
$261 million Chicago bank becomes first to fail in 2026; office reopened Monday under new owner

February 2, 2026 0

A failed Chicago bank was scheduled to reopen Monday after 96% of its assets were acquired by a Detroit institution, the federal deposit insurance agency said late Friday. The first bank to fail in 2026 is a $261 million in [...]
OCC rates 8 banks ‘outstanding’ under anti-redlining statute; another 21 deemed ‘satisfactory’

February 2, 2026 0

Eight out of the 29 banks whose Community Reinvestment Act (CRA) performance ratings became public in January received “outstanding” marks from the Office of the Comptroller of the Currency (OCC). The remaining 21 banks were rated “satisfactory,” according to the [...]
Trio of small banks end deposit insurance, including 121-year-old Alabama former S&L

January 30, 2026 0

Three small banks in Arizona, Florida and Alabama – the latter of which was 121 years old – have voluntarily ended their federal deposit insurance, their federal insurer said Friday. The Federal Deposit Insurance Corp. (FDIC) said First Community Bank [...]
NCUA IG will report on travel card audit later this year, letter shows

January 30, 2026 0

Noting it “did not issue any reports with recommendations” related to the agency’s charge card programs in fiscal 2025, the National Credit Union Administration told the federal budget office it is currently conducting an audit related to its travel card [...]