Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
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 […]
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 […]
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 […]
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 […]
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. […]
Title: Community Reinvestment Act Regulations Subject: CRA Agency: OCC (The FDIC, which issued the proposed rule jointly with OCC, declined to finalize the rule with OCC “at this time.”) Status: Final rule Summary: The Office […]
At least three varieties of counterfeit checks falsely representing a Wisconsin bank, presented for payment nationwide as part of secret shopper employment scams, are being circulated nationwide, the regulator of national banks said Tuesday. In […]
First National Bank of Scott City, Scott City, Kan., has reported that counterfeit cashier’s checks using the bank’s routing number of 101104041 are being presented for payment nationwide in connection with an unknown scam, the […]
Rule changes to make it easier for federal savings associations (FSAs) to convert from mutual to stock form, and to repeal current requirements for FSAs that enter into employment contracts with their officers and employees, […]
A 30-year veteran of the federal regulator of national banks and savings associations will be the agency’s central district supervisor, the agency said Monday. Brian James, who the Office of the Comptroller of the Currency […]
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