Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
At least 17 “regulatory relief” items – including several provisions based on similar items contained in the already-House approved H.R. 10, the Financial CHOICE Act – will be marked up by the Financial Services Committee […]
Consumers are being warned that personal information they may have shared with a website purporting to be a front for a bank could lead to identity theft – and consumers should take action to safeguard […]
Counterfeit cashier’s checks using the routing number from an Arizona bank are being presented for payment nationwide in connection with “a variety of up-front fee scams,” the Office of the Comptroller of the Currency (OCC) […]
A $70 million fine has been assessed against one of the largest banks in the country for failing to comply with a 2012 consent order related to anti-money laundering laws, the Office of the Comptroller […]
No banks received a “Community Reinvestment Act” (CRA) rating of “outstanding” in December, out of 15 banks evaluated – but 14 received “satisfactory” ratings, and one Texas bank was rated “needs to improve,” according to […]
Call report changes, including revisions to schedules in response to adjustments in accounting for equity securities, have been finalized by the federal banking agencies, a government regulatory umbrella group said Wednesday. In a release, the […]
A veteran regulator and banker will be the next deputy comptroller of the currency for economic and policy analysis, the federal regulator of national banks announced Tuesday. Norman Williams will succeed the retiring Gary Whalen […]
Trading revenue of $6.4 billion in the third quarter for banks and savings institutions was down from the previous quarter by $241 million – 3.6% – and lower than that posted at the end of […]
In another sign of relative economic stability, foreclosure activity on mortgage loans has decreased at national banks from last year, with nearly 95% of first-lien mortgages current and performing, the banks’ federal regulator reported Friday. […]
For the first time in 40 years, federal banking agencies have increased the aggregate loan commitment threshold for inclusion in “shared national credits” (SNC), raising the total from $20 million to $100 million, the agencies […]
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