Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
A revised version of the “Business Combinations” booklet of the Comptroller’s Licensing Manual was announced in Bulletin 2018-22 issued Tuesday by the Office of the Comptroller of the Currency (OCC). The new, Version 1.1 of […]
Half of Congress may be out for the summer (the House comes back on Sept. 4), but the Senate and federal financial institution regulators will be taking some actions next week – including the credit […]
Having received no comments so far, federal banking regulators are proceeding to the next step toward setting a three-year extension of a required report for U.S. branches and agencies of foreign banks. In the meantime, […]
“Host state loan-to-deposit ratios” issued by federal banking agencies cover banks including community banks that have covered interstate branches — but does not apply to federal savings associations — according to a bulletin issued Wednesday […]
A revised booklet on regulatory capital rules and supervision was issued Monday by the Office of the Comptroller of the Currency (OCC). The booklet, “Capital and Dividends,” is part of the Comptroller’s Handbook and applies […]
A Minnesota banking company has agreed to pay $25 million in restitution to customers for “obscured” overdraft fees that they were charged, and has agreed to an injunction to prevent future violations, the federal consumer […]
The coming week brings a number of important developments for the financial industry, including a House committee mark-up of seven financial industry bills, payments to credit unions from the federal share insurance fund and, among […]
Cease and desist orders against three branches of UBS AG bank in Connecticut, Florida and New York for anti-money laundering prevention deficiencies were among nearly two dozen enforcement actions in late May and June taken […]
A congressional oversight agency review of civil money penalty (CMP) reporting by federal agencies does not contain information from federal financial institution regulators, primarily because those agencies are not generally required to file agency financial […]
A $66 billion Utah-based bank would not be considered “systemically important” to the U.S. financial structure under federal banking rules following the bank’s merger with its parent company, under a proposed decision reached Wednesday by […]
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