Leadership
OCC
OCC
New acting comptroller hints at upcoming review of ‘key regulatory standards’
While saying his immediate focus as acting comptroller of the currency will be “solving urgent problems and addressing pressing issues,” Michael J. Hsu also said Monday that he will be announcing a “review of key […]
FDIC
Tax Allocation Agreements
Title: Tax Allocation Agreements Subject: Tax allocation agreements Agency: FDIC, Federal Reserve, OCC Status: Proposed rule Summary: The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and […]
OCC
Treasury secretary designates Hsu as acting comptroller; current leader will reassume role as COO
Michael J. Hsu will become acting Comptroller of the Currency May 10, the Treasury Department said Friday following a designation by Secretary Janet Yellen. The Treasury said current Acting Comptroller Blake Paulson – who has […]
OCC
OCC rates 3 banks ‘outstanding’ for CRA performance
Ratings of “outstanding” went to three out of the 15 banks whose ratings under the anti-redlining Community Reinvestment Act (CRA) were made public in April, the Office of the Comptroller of the Currency reported in […]
OCC
Banks’ adoption of CECL, use of models addressed in OCC’s revised examiner booklet on credit card lending
The agency that charters national banks has revised its examiner booklet on credit card lending to reflect the adoption of the current expected credit loss (CECL) methodology by some banks and the increased use of […]
OCC
OCC gives conditional green light to charter for NY trust bank focused on cryptocurrency services
Preliminary conditional approval for an application to charter Paxos National Trust, New York, which will be uninsured and focus on cryptocurrency services, was announced Friday by the Office of the Comptroller of the Currency (OCC). […]
FDIC
Agencies say proposal updates, codifies guidance on tax allocation agreements, protecting banks and insurance fund
Banks that file tax returns as part of a consolidated tax filing group would be required to enter into tax allocation agreements with their holding companies and other members of their consolidated group under a […]
OCC
Six banks earn ‘outstanding’ evaluations for CRA; one ‘needs to improve’
Six of 15 banks in recent anti-redlining performance evaluations were rated “outstanding” by the regulator of national banks in results released Tuesday; one bank, the agency said, “needs to improve.” It its regular monthly release […]
OCC
Optional stress test tool in place for income-producing CRE terminated by OCC
The federal agency that charters national banks on Monday announced the termination of its portfolio stress test tool for income-producing commercial real estate (CRE) on BankNet. The tool, launched in 2012, was for demonstrating basic […]