Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
The federal banking system is sound, but banks were urged to guard against complacency and remain vigilant according to the national bank regulator’s 2024 annual report, issued Friday. The Office of the Comptroller of the […]
Two enforcement actions citing fraudulent loan applications by institution-affiliated employees to the federal Paycheck Protection Program created amid the Covid 19 pandemic are among the six December enforcement actions announced Thursday by the national bank […]
A “range of deficiencies” by USAA Federal Savings Bank (FSB) of San Antonio, Texas, are outlined in a “comprehensive” cease and desist order issued by the national bank regulator Wednesday, which also limits the bank’s […]
Seriously delinquent mortgages increased in the third quarter, the regulator of national banks said in a report Tuesday, although the number of performing current loans were up slightly. According to the Office of the Comptroller […]
Operational risk at the nation’s banks is elevated, and banks should be mindful of an “increasing trend in external fraud activity targeting consumers and the federal banking system,” according to a report issued Monday by […]
Data on small business, small farm, and community development lending during 2023 was made public Monday by the three federal banking agencies, showing a decrease in lending activity driven by higher interest rates and tighter […]
Trading revenue was up 1.6% – or $263 million – in the third quarter for banks and savings associations, the national bank regulator said Thursday, and up 25% from the same period one year ago. […]
Comments from the public on certain federal banking rules and regulations that are under review now, with regulators focusing on whether they are outdated or unnecessary, are due to regulators by March 11, according to […]
Examples of risk management and other practices that may be effective in combatting elder financial exploitation were issued in a joint statement Wednesday by the five federal financial institution regulators, state regulators and the federal […]
Federal banking agencies on Tuesday launched the third part of a four-part review of their regulations to identify those which are outdated “or otherwise unnecessary.” The review – by the Federal Deposit Insurance Corp. (FDIC), […]
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