Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
A final rule extending the existing capital requirements for mortgage servicing assets and certain other items for some financial institutions was issued Tuesday by the federal banking agencies, with an effective date of Jan. 1. […]
Data on small business, small farm, and community development lending reported by certain commercial banks and savings associations under the Community Reinvestment Act (CRA) is being made available by the three federal banking agencies, the […]
Definitions of “home mortgage loan” and “consumer loan,” as well as the public file content requirements under the Community Reinvestment Act (CRA) have been revised by the federal banking agencies to conform to changes made […]
While community banks have good reason to be optimistic about future opportunity (especially with the prospects of “regulatory relief” at both the regulatory and legislative levels), there are a number of risks that should be […]
Joseph Otting was confirmed by the Senate for a five-year term as Comptroller of the Currency Thursday, on a vote of 54-43. Otting, 58, replaces Acting Comptroller Keith Noreika, who was named to that role […]
The confirmation of Joseph Otting to become permanent Comptroller of the Currency took a step closer Wednesday with the Senate voting 54-44 toward a final vote on his nomination. Otting, 58, was nominated by President Donald […]
Thirty-two items under five sections are outlined under Senate financial institution regulatory relief, as sponsored Monday by eight Republicans, eight Democrats and one independent. A key portion of the regulatory relief package: Section 401, which […]
Evaluating certain types of applications for licenses by banks that have less than satisfactory Community Reinvestment Act (CRA) ratings – or similar ratings in one or more geographic rating areas – is the subject of […]
The recent financial crisis demonstrated that there is “nothing inherently safer about separating banking and commerce or traditional banking and investment banking,” the acting comptroller of the currency said Wednesday in offering “an alternative to the […]
An exemption threshold amount for appraisals on mortgages will increase to loans of $26,000 or less (from $25,500 or less), according to a final rule to be published by two federal banking regulators and the […]
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