Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
Foreclosures inched up in the fourth quarter by 0.7% at national banks and federal savings associations, while the number of performing first-lien mortgages were largely unchanged, according to the federal regulator of the institutions. However, […]
Options for financial institutions to consider in generating more lending to low- to moderate-income (LMI) borrowers should be considered by the Treasury Department as it reviews how community reinvestment requirements are being applied, a new […]
The Office of the Comptroller of the Currency (OCC) on Thursday announced the appointment of Maureen Whalen as Deputy Comptroller for External Governance and the Ombudsman Office, effective June 10. In her new role, Whalen will […]
Banks have increased their risk in commercial real estate (CRE) lending since the Great Recession of 2007-09, but regulators are – for the most part – adequately dealing with the banks that have developed weakness […]
Two workshops are being offered by the Office of the Comptroller of the Currency (OCC) April 24 and 25 at the Holiday Inn Fort Walton Beach, Fort Walton Beach, Fla., for directors of national community […]
Compliance and operational risks are the topics of two workshops for national bank and federal savings associations directors set for next month in Indianapolis, the federal regulator of the institutions said Wednesday. According to the […]
The Office of the Comptroller of the Currency (OCC) on Friday released a bulletin (No. 2018-6) on this year’s update of “A Guide to HMDA Reporting: Getting It Right!” by the Federal Financial Institutions Examination […]
Legislation expanding the frequency, scope and coverage of annual regulatory reviews by the federal financial institution regulators was easily passed by the House Tuesday, 264 – 143. The Comprehensive Regulatory Review Act (H.R. 4607) would […]
Three bills – extending the “qualified mortgage” safe harbor, reducing reporting requirements for smaller financial institutions, and combatting the financial network of transnational criminals – were approved by the House Tuesday. All three passed by […]
A rating of “outstanding” was awarded to six financial institutions in February for Community Reinvestment Act (CRA) compliance, the Office of the Comptroller of the Currency (OCC) stated Thursday in a release. The other 11 […]
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