Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
With the approaching confirmation of a new comptroller of the currency, the national banking regulator’s chief counsel has announced her retirement, effective Nov. 11. Amy Friend, senior deputy comptroller and chief counsel at the Office […]
The withdrawal of guidance about “deposit advance products” (DAP) to national banks – possibly opening options for banks to offer payday and other short-term loans — is set to be published in the Federal Register […]
Three agencies would combine their separate and identical stress-test report forms into a single document under the auspices of the Federal Financial Institutions Examination Council (FFIEC), under a proposal issued Friday. The Office of the […]
Comments are due Wednesday (Oct. 11) on a joint agency proposal to shorten the standard settlement cycle for securities purchased or sold by banks. The proposal, issued Sept. 11 for a 30-day comment period, would […]
A conference call for bankers on a proposal to simplify capital rules, particularly as they apply to “high volatility commercial real estate” (HVCRE) loans, will be held on Thursday (Oct. 12) by the Federal Deposit […]
Repeating assertions that the pending “arbitration rule” by the Consumer Financial Protection Bureau (CFPB) will raise the cost of credit, the acting Comptroller of the Currency in a speech Thursday also took aim at random […]
Guidance to national banks issued four years ago about “Deposit Advance Products” – including payday and other small-dollar, short-term loans – was rescinded Thursday by the Office of the Comptroller of the Currency (OCC), in […]
A proposal on real estate appraisals by the three federal banking authorities has led to a commentary showdown between the banking and appraisal industries – with the former supporting the proposal, and the latter opposing […]
Cybersecurity and “operational resiliency” lead the list of strategies to be addressed for national bank regulation in 2018, according to the supervision operating plan released by the Office of the Comptroller of the Currency (OCC) […]
No response has been made yet by the Consumer Financial Protection Bureau (CFPB) to an allegation that removing arbitration clauses for financial products and services raises costs of credit by about 25%. Acting Comptroller of […]
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