Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
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 […]
A new “Military Lending Act” (MLA) booklet was issued Friday as part of the Consumer Compliance series of the Comptroller’s Handbook, which is used by Office of the Comptroller of the Currency (OCC) examiners to […]
A proposed rule addressing the effects of the new current-expected-credit-loss (CECL) accounting standard on banks’ regulatory capital is being issued by the three federal banking regulators through a notice in the Federal Register. Comments are […]
An operational risk workshop for directors of national community banks and federal savings associations (FSAs) will be hosted June 20 in Harrisburg, Pa., by the Office of the Comptroller of the Currency (OCC). The workshop, […]
Counterfeit cashier’s checks using the routing number of Community National Bank in Monmouth, Monmouth, Ill., are being presented for payment nationwide in connection with an online secret survey analyst/store evaluator employment opportunity scam, the Office […]
The implementation of the new “current expected credit losses” (CECL) accounting standard – beginning as early as the end of this year – is spurring federal banking agencies to gear up, including by sponsoring a national […]
A bulletin on a recent final rule raising the commercial real estate (CRE) appraisal threshold from $250,000 to $500,000 was issued Wednesday by the Office of the Comptroller of the Currency (OCC). The OCC bulletin […]
State banking regulators declared neither victory nor conceded defeat in the wake of a federal court’s dismissal of their lawsuit against the federal regulator of banks’ proposal to issue a “fintech” charter. Monday, the U.S. District Court […]
The latest round of Community Reinvestment Act (CRA) ratings to be released by the Office of the Comptroller of the Currency (OCC) show one bank rated “outstanding,” 20 “satisfactory” and one “needs to improve.” The […]
Copyright (c) 2022, RegReport.info; Contact: editor@regreport.info