Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
The public comment periods close this week on banking agencies’ proposal to raise the real estate appraisal threshold for banks to $400,000 and, separately, a proposed adjustment in the funds-availability amounts under Regulation CC. Both […]
A joint agency proposal to hike the major assets prohibition thresholds below which banks and thrifts would be exempt from a prohibition on management official interlocks is detailed in a bulletin issued Monday by the […]
A revised “Subsidiaries and Equity Investments” booklet of the Comptroller’s Licensing Manual was issued Jan. 31 by the Office of the Comptroller of the Currency (OCC), the agency said in its most recent bulletin to […]
Eleven banks and thrifts located in Colorado, Florida, Wisconsin, and Illinois have been rated “outstanding” for Community Reinvestment Act (CRA) compliance, according to the list of 48 CRA ratings made public in January by the […]
The severe cold weather gripping the Midwest and Northeast regions of the country has drawn a proclamation from the top federal banking regulator that allows federally chartered banks and savings associations, and federal branches and […]
Comments on a template for stress testing by the largest banking institutions will be accepted until March 4 – during the second and final comment period planned prior to finalizing changes – by the Office […]
Title: Thresholds Increase for the Major Assets Prohibition of the Depository Institution Management Interlocks Act Rules Subject: Interlocks Agency: FDIC, Federal Reserve, OCC Status: Final rule Summary: The OCC, the Board, and the FDIC (collectively, […]
The asset threshold of a prohibition on management officials of banks serving as officials of unaffiliated institutions would be increased to $10 billion – from the current $2.5 billion – under a proposal to be […]
Title: Loans in Areas Having Special Flood Hazards Subject: Flood insurance Agency: FDIC, Federal Reserve, NCUA, OCC (FCA) Status: Final rule Summary: The Office of the Comptroller of the Currency (OCC), the Board of Governors […]
Final rules requiring financial institutions to accept flood insurance policies that meet the statutory definition of “private flood insurance” – and to allow financial institutions to exercise their own discretion in accepting other plans, including […]
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