Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
Data on first-lien residential mortgage loans serviced by seven national banks with large mortgage-servicing portfolios shows a 0.1% improvement in the loans’ fourth-quarter performance from 2023 to 2024, the Office of the Comptroller of the […]
Banks’ fourth-quarter trading revenue of $14.8 billion was down 10.6% from the third quarter but up 26.7% from a year ago, the Office of the Comptroller of the Currency (OCC) said in a report Friday. […]
“Reputation risk” will no longer be an element in examinations by the national bank regulator under a bulletin issued late Thursday by the agency, which also said it had instructed its examiners to stop assessing […]
Unsafe and unsound practices related to interest rate risk, strategic planning, capital, liquidity, and earnings have earned a Massachusetts bank a cease-and-desist order from the national bank regulator, the agency said Thursday. According to the […]
Helping banks make the most of “digitalization” is the theme of a new webpage posted Wednesday by the national bank regulator. In its bulletin OCC 2025-3, the Office of the Comptroller of the Currency (OCC) […]
“Conditional approval” for a financial technology (fintech) company to change the business model of an Illinois bank — after the firm completes its purchase of the bank – was approved by the national bank regulator, […]
A Southfield, Mich., bank that was the focus from 2022-24 of numerous enforcement actions, including prohibitions of employees associated with a risky loan program, will be acquired by a Florida banking company, the Federal Reserve […]
Virtual office hours focusing on technology and innovation – particularly about such topics as cryptocurrency and relationships between banks and financial technology companies (fintechs) — are set for May 6-8 by the national bank regulator, […]
Banks may engage in “a range of cryptocurrency activities” now deemed permissible by the national bank regulator, the agency said late Friday. In a release (and interpretive letter 1183 to banks) the Office of the […]
Credit risk associated with large, syndicated bank loans as of June 30, 2024, remained moderate, banking regulators said Monday in their assessment of risk in the largest and most complex credit facilities shared by regulated […]
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