Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
Managing risks presented to community banks by third-party relationships – especially about development and implementation of management practices – is the aim of a guide issued jointly Friday by the federal banking agencies. The guide, “Third-Party […]
Of the handful of banks – 13 – that received their evaluation ratings under federal anti-redlining rules in April, all were found to be “satisfactory” except two, according to results released Thursday by the national […]
The acquisition of Discover Financial Services by a large, Virginia-based banking firm will be subject to public comment through May 31, federal banking regulators said separately Wednesday. The Federal Reserve Board and the Office of […]
Another individual associated with a troubled lending program at a Southfield, Mich., bank has been ordered to pay a $400,000 civil money penalty (CMP), the national bank regulator said Thursday. The Office of the Comptroller […]
Interest rate risk (IRR) data gathered during examinations of midsize and community banks and federal savings associations (FSA) by the national bank regulator was published Thursday by the agency. The report, the Office of the […]
There’s more time to comment on its proposal to update rules for business combinations, the national bank regulator said Wednesday, increasing the comment period by 60 days. The Office of the Comptroller of the Currency […]
Overdraft fees charged by national banks, in aggregate, have dropped more than 40%, from $6.5 billion in 2021 to $4 billion in 2023, the agency’s leader said Thursday. Speaking at a conference of the National […]
Of the 19 banks whose Community Reinvestment Act (CRA) ratings became public in March, four received ratings of “outstanding” and two received ratings of “needs to improve,” the national bank regulator said Monday. The Office […]
Trading revenue was down by $2 billion in 2023, or 20.4%, from the year before at banks and savings associations, the national bank regulator said Wednesday. The Office of the Comptroller of the Currency (OCC) […]
Using fairness as an “input” to help guide banks’ compliance risk management programs was advocated by the regulator of national banks in a speech Monday. Speaking to the Consumer Bankers Association in Washington, Acting Comptroller […]
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