Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
Eighteen banks’ Community Reinvestment Act (CRA) evaluation ratings became public in January, and of those, six were “outstanding” and three were rated “needs to improve,” the national bank regulator said Thursday. The Office of the […]
Rules for mergers involving national banks and federal savings associations that would remove expedited bank merger review procedures and aim to provide transparency around the features of merger applications and indicators “that are consistent with […]
Addressing the lessons from the failures of large regional banks last spring will take a targeted regulatory approach, along with “better brakes” for mitigating systemic risk, the regulator of national banks said Thursday. Speaking at […]
A public hearing of the Federal Financial Institutions Examination Council (FFIEC) Appraisal Subcommittee (ASC) will be held from 10 a.m.-1 p.m. eastern Feb. 13, hosted by the Office of the Comptroller of the Currency (OCC), […]
Details about the workings of the new anti-redlining regulation are presented in a video of a webinar released Wednesday by the federal banking regulators. The final rule, adopted by the regulators Oct. 24 implementing the […]
A bank loan through the State Small Business Credit Initiative may be eligible for Community Reinvestment Act (CRA) credit, according to a frequently asked questions (FAQ) document published Monday by the national bank regulator under […]
Proposed changes in banks’ regulatory reporting, many of which would take effect this June, are discussed in a Financial Institution Letter (FIL) issued Friday by the federal insurer of bank deposits. The Federal Deposit Insurance […]
Recognizing the use of electronic communications in all aspects of administrative hearings and increasing the “efficiency and fairness of administrative adjudications” is the aim of a rule finalized last week by the federal financial institution […]
Of the 25 banks that received their Community Reinvestment Act (CRA) evaluation ratings in December, seven of those were rated “outstanding” and the remaining 18, “satisfactory,” the national bank regulator said Tuesday. The list of […]
No changes are necessary to Bank Secrecy Act/anti–money laundering (AML/BSA) compliance programs designed to follow the 2016 Customer Due Diligence (CDD) rule because of the Jan. 1 effective date for the new beneficial ownership information […]
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