Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
Five of the 23 banks whose Community Reinvestment Act (CRA) evaluation ratings became public in June were deemed “outstanding” by their federal regulator for their efforts under the anti-redlining law, with the remaining 18 deemed […]
Directors and senior management of South Dakota and regional banks and thrifts can attend an Aug. 6-7 workshop on the roles and responsibilities of financial institution board participation. The session, set for the Holiday Inn […]
A bulletin that explains to federal savings associations (FSAs) the ins and outs of becoming “covered” savings institutions that may engage in national bank powers – an option created by last year’s regulatory relief statute […]
A proposal to simplify regulatory capital requirements for community banks by the federal banking agencies has caught the eye – and ire – of Republican senators, as they outlined in a letter to the leaders […]
The Office of the Comptroller of the Currency’s (OCC) Mutual Savings Association Advisory Committee will hold a public meeting July 23 in Washington, according to a notice for the Federal Register. The nine-member panel advises […]
Excluding certain loans that finance land development of single- and multi-family residences from the definition of “high volatility commercial real estate” (HVCRE) in their regulatory capital rules is under consideration by the three federal banking […]
Performance of first-lien mortgages at national banks ticked upward in the first quarter of this year compared to the prior year, and foreclosures were down for the quarter compared to both the previous period and […]
Since announcing it would begin considering charter applications from fintech companies, the Office of the Comptroller of the Currency (OCC) has yet to receive a single formal application, the top staffer in charge of innovation […]
Title: Reduced Reporting for Covered Depository Institutions Subject: Call reports Agency: FDIC, Federal Reserve, OCC Status: Final rule Summary: The OCC, the Board, and the FDIC (collectively, the agencies) are issuing a final rule to […]
A former bank chief executive and economic adviser to presidential candidate Donald Trump has been prohibited from working at a financial institution because his employment may impair public confidence in the bank’s integrity, the federal […]
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