Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
“Interconnectedness” of large banking organizations would be limited under a proposal issued by the federal banking agencies Tuesday and aimed at reducing the impact of a failure of a large financial firm. The Federal Deposit […]
As of Monday, Maryann Kennedy is the senior deputy comptroller for large bank supervision at the Office of the Comptroller of the Currency (OCC), the agency announced in a release. Kennedy, formerly the agency’s deputy […]
The three federal banking regulators are delaying the April 1 effective date of a regulatory capital rule that addresses the current-expected-credit-loss (CECL) accounting standard until July 1, the agencies said in a notice scheduled for […]
Workshops on compliance and operational risks, targeted to directors of national community banks and federal savings associations, are slated May 7 and 8 in Manhattan, Kan., by the Office of the Comptroller of the Currency […]
Interagency examination procedures for changes in Truth in Lending Act (TILA, Regulation Z) and Electronic Funds Transfer Act (EFTA, Regulation E) requirements related to prepaid accounts, and that go into effect April 1, are addressed […]
A reminder that criminal penalties – fines, jail time, or both – may be imposed on federally chartered banks and thrifts for unauthorized disclosure of examination (CAMELS) ratings and certain other supervisory information was issued Tuesday by […]
The share of current, performing mortgages improved slightly at national banks and federal thrifts in the fourth quarter of last year (compared to the year before), reaching 95.8%, their federal regulator said last week. The […]
A webinar on the new current expected credit loss (CECL) accounting standard that will cover “significant differences” credit unions and other financial institutions should expect once the standard takes full effect is set for April […]
Federal banking and credit union regulators – along with state supervisory authorities – will provide “appropriate regulatory assistance” to financial institutions they oversee that are affected by the massive flooding in the upper Midwest, the […]
U.S. commercial banks and federal savings associations (FSAs) had $4.2 billion in trading revenue in the fourth quarter of 2018 – down $2.9 billion, or 41%, from the third-quarter total, the Office of the Comptroller […]
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