Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
The Office of the Comptroller of the Currency (OCC) said Friday that of the 32 banks whose Community Reinvestment Act (CRA) ratings became public in May, 28 earned the rating of “satisfactory” and four were […]
Banks will be required to settle most securities transactions within the number of business days in the standard settlement cycle followed by registered broker dealers around the country — unless otherwise agreed to by the […]
Competition for quality loans is strong, as evidenced by eased underwriting – something that warrants “continued focus” on underwriting practices to keep an eye on credit risk and lender complacency, the regulator of national banks […]
A banking agency bulletin issued Wednesday to encourage banks and savings institutions to provide consumers short-term, small-dollar installment loans – and offering principles and polices to help them do so without running afoul of a federal […]
The deadline for comments on banking regulators’ proposed changes to the “enhanced supplementary leverage ratio” (eSLR) standards for U.S. top-tier bank holding companies (BHCs) and subsidiaries has been extended to June 25, the Federal Reserve […]
Individuals interested in discussing banking industry innovation with representatives of the Office of the Comptroller of the Currency (OCC) are the intended participants in a July 17-19 “Innovation Office Hours” event at the federal banking […]
Payment of a $15 million civil money penalty was agreed to by PNC National Bank for failure to waive fees it said it would renounce since at least 2001, and for fees charged for an […]
About 2,400 bankers and others joined a teleconference sponsored by federal bank regulators Tuesday to hear details about new capital rules proposed by the agencies to help financial institutions prepare for new accounting standards that […]
Examination procedures for assessing compliance with a new Bank Secrecy Act (BSA) “customer due diligence” rule that took effect Friday – requiring covered institutions to verify the identity of beneficial owners at account opening – […]
Hearings, meetings and a Federal Reserve Board member’s speech are among the events on tap for the federal financial institution regulators’ public calendar next week, on subjects ranging from “customer due diligence” to Community Reinvestment […]
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