Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
A 2018 review of large syndicated bank loans showed a decline in portfolio risk due to improving conditions in most sectors, but the dollar volume of loans rated lower than “pass,” as a percentage of […]
The comptroller of the currency, currently serving also as acting director of the Federal Housing Finance Agency (FHFA), faced questions Friday from the Democratic leaders of Senate and House committees overseeing his agency about his […]
With tax filing season begun, the nation’s top banking regulator on Friday encouraged national banks and federal savings associations (FSAs) to educate the public about the earned income tax credit (EITC) and free tax assistance […]
A handful of final rules were announced in recent weeks by federal financial regulators to update thresholds for 2019 mortgage data collection, escrow requirements for high-cost mortgages, consumer loan and lease disclosures, and civil money […]
Five former directors of a Montana bank were fined $2,000 each – and the bank’s former president and board chairman $10,000 — for failing to take actions to correct issues outlined under a previous consent […]
Congress should consider legislation for the future federal role of the government-sponsored enterprises (GSEs) in housing finance that addresses their structure and establishes clear, specific, and prioritized goals, as well as considering all relevant entities, […]
A rule that, as of Jan. 28, is expected to make more than 400 additional banks potentially eligible for the 18-month, on-site examination cycle is highlighted in a bulletin issued Thursday to banking institutions supervised […]
The Comptroller of the Currency has named Morris Morgan as the agency’s new senior deputy comptroller and chief operating officer and announced executive-reporting structure changes that have Morgan directly overseeing the agency’s bank supervision, supervision […]
Call reports are due Jan. 30, the three federal banking agencies reminded financial institutions Friday in a joint letter, which also urged filers to complete “as early as possible the preparation, editing, and review of […]
A 2.5% civil money penalty (CMP) inflation adjustment that took effect Jan. 1 is detailed in a bulletin issued Friday by the Office of the Comptroller of the Currency (OCC). Under the Federal Civil Penalties […]
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