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What's up
  • [ May 8, 2025 ] OCC restores previous merger act rules; comments due in 30 days OCC
  • [ May 7, 2025 ] Regulator opens door to banks buying, selling crypto assets held in custody – the latest in rolling back crypto hurdles OCC
  • [ May 6, 2025 ] ‘Buy now, pay later’ rule not a priority for enforcement, CFPB says; rescission to be considered CFPB
  • [ May 5, 2025 ] OCC’s RFI asks about obstacles to community banks going digital OCC
  • [ May 5, 2025 ] FDIC ratings under CRA show 3 banks ‘outstanding’ and 2 ‘needs to improve’ FDIC
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FDIC

Hawaii storm damage prompts amended disaster area, guidance

July 3, 2018 0

Banks in Hawaii are urged to work constructively with borrowers experiencing difficulties beyond their control because of damage caused by severe weather in the state, where a federal disaster declaration was amended June 27 for […]

OCC

3 banks ‘outstanding,’ 17 ‘satisfactory’ for CRA in latest list from comptroller

July 3, 2018 0

None of the 20 banks whose Community Reinvestment Act (CRA) evaluations became public in June received ratings of less than “satisfactory,” according to information released Tuesday by the Office of the Comptroller of the Currency […]

The Fed

Fed terminates 9-year-old enforcement action with Amboy Bancorporation, Amboy Bank (NJ)

July 3, 2018 0

An enforcement order in place since 2009 with Amboy Bancorporation and Amboy Bank, both of Old Bridge, N.J., was terminated this June 29, the Federal Reserve Board said in a release Tuesday. The 22-page order, […]

The Fed

Extension of interagency reverse mortgage guidance proposed by Fed

July 3, 2018 0

The Federal Reserve Board is considering a three-year extension of interagency guidance regarding reverse mortgage products and will accept comments from the public until Sept. 4, according to a notice in Tuesday’s Federal Register. The […]

The Fed

UPDATED: Fed formally proposes moving Fedwire message format to ISO standard

July 3, 2018 0

A new message format that could potentially provide “richer payment message data” than the current format used by the Fedwire Funds Service is being proposed by the Federal Reserve. Under the proposal, the change would […]

CFPB

‘Guidance, implementation support’ RFI generates 45 letters; two (out of 12) remain in series

July 3, 2018 0

Forty-five comments on its request for information (RFI) about “Guidance and Implementation Support” were received by the federal consumer financial protection agency as of the close of the comment period Monday, according to tallies provided […]

Today

  • OCC restores previous merger act rules; comments due in 30 days

    May 8, 2025 0
    The national bank regulator is restoring its pre-2024 business combinations rule under the Bank Merger Act (BMA), undoing the rule adopted last September and also rescinding its related policy statement. The changes by the Office of the Comptroller of the [...]
  • Regulator opens door to banks buying, selling crypto assets held in custody – the latest in rolling back crypto hurdles

    May 7, 2025 0
    National banks and federal savings associations may buy and sell crypto assets held in custody, the national bank regulator confirmed Wednesday in an interpretive letter. The Office of the Comptroller of the Currency (OCC) said the banks may transact the [...]
  • ‘Buy now, pay later’ rule not a priority for enforcement, CFPB says; rescission to be considered

    May 6, 2025 0
    Enforcement of last year’s interpretive rule on “buy now, pay later” loans will not be prioritized and could be rescinded in the future, the Consumer Financial Protection Bureau (CFPB), the bureau said Tuesday. As with other rules the bureau has [...]
  • OCC’s RFI asks about obstacles to community banks going digital

    May 5, 2025 0
    Questions about the key challenges and barriers faced by community banks in adopting and implementing digital banking solutions are posed in a request for information (RFI) announced Monday by the national banking regulator. The Office of the Comptroller of the [...]
  • FDIC ratings under CRA show 3 banks ‘outstanding’ and 2 ‘needs to improve’

    May 5, 2025 0
    Of the 64 banks assigned ratings under the federal anti-redlining statute this February, three were rated “outstanding” and 2 were rated “needs to improve,” the federal bank deposit insurer said Monday. The remaining 57 banks were deemed “satisfactory” under the [...]
  • Enforcement of ECOA small-business loan data collection deprioritized at CFPB

    May 1, 2025 0
    Add the agency’s Equal Credit Opportunity Act (ECOA) small-business loan data collection rule to those the Consumer Financial Protection Bureau (CFPB) won’t be going out of its way to enforce. The bureau said Wednesday that in light of a stay [...]
  • Nearly half of 25 banks evaluated in April by OCC earn ‘outstanding’ CRA ratings

    May 1, 2025 0
    About half of banks – out of 25 total – earned “outstanding” ratings for their compliance with anti-redlining regulations during April, the regulator of national banks said Thursday. In its latest monthly release of ratings for compliance with Community Reinvestment [...]
  • Texas commissioner re-elected as chair of state liaison committee to Exam Council

    May 1, 2025 0
    The Texas commissioner of banking will serve as the chair of the state regulator liaison committee for another year to the umbrella group of federal financial institution regulators, the agency announced Thursday. Charles G. Cooper, commissioner of the Texas Department [...]

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