Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
The Office of the Comptroller of the Currency (OCC) says American Bank and Trust Company, N.A., of Davenport, Iowa, reports that counterfeit cashier’s checks using the bank’s vendor routing number of 071108834 are being presented […]
Roles and responsibilities of directors for national community banks and federal savings associations will be explored in a June 5-6 workshop in Detroit, sponsored by the regulator of national banks. The Office of the Comptroller […]
Two employees and a director of a California bank have been assessed a total of $60,000 in civil money penalties for failure to enforce an order against the bank by federal authorities, the regulator of […]
A total of $1 billion in fines plus restitution – with restitution yet to be determined – was ordered to be paid by Wells Fargo Bank, N.A., over abuses and unsafe practices related to its […]
Two workshops – one on risk governance and the other on compliance risk – for directors of national community banks and federal savings associations supervised by the Office of the Comptroller of the Currency (OCC) […]
Further tailoring of leverage ratio requirements to the business activities and risk profiles of the largest domestic firms were proposed by the regulator of national banks and the nation’s central bank Wednesday. Now, firms that […]
Banks and savings associations have until April 30 to file their first quarter call reports, the federal banking agencies said Tuesday in a notice; as per usual, no extensions of filing time are granted. In […]
A notice released by three federal banking agencies last month on streamlining changes to bank call reports, set to take effect this June, is slated for publication Wednesday in the Federal Register. Those interested have […]
Guidance for financial institutions considering special insurance to offset financial losses from data breaches and other cyber incidents is offered in a joint statement released Tuesday by federal financial institution regulators. However, the regulators noted […]
A timetable of sorts for addressing key regulatory reforms – including those related to bank lending in lower-income communities, anti-money laundering efforts and chartering of companies that provide financial services via the Internet – were […]
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