Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
Banks may engage in “a range of cryptocurrency activities” now deemed permissible by the national bank regulator, the agency said late Friday. In a release (and interpretive letter 1183 to banks) the Office of the […]
Credit risk associated with large, syndicated bank loans as of June 30, 2024, remained moderate, banking regulators said Monday in their assessment of risk in the largest and most complex credit facilities shared by regulated […]
Ten banks earned anti-redlining scores of “outstanding” – out of 26 total banks evaluated – and none earned anything less than “satisfactory,” according to ratings issued Monday by the national bank regulator. The Office of […]
A total of 564 banks are scheduled to receive evaluations of their performance under the anti-redlining Community Reinvestment Act (CRA) over the second and third quarters of this year, according to lists released this week […]
The national bank regulator this week said it has identified, isolated and resolved a security incident affecting an administrative account in the agency’s email system. The incident was reported to the Cybersecurity and Infrastructure Security […]
Rules on incentive compensation, which figured into the demise of three large regional banks two years ago, should be finalized, according to a recommendation made by the congressional watchdog and published Thursday. The Government Accountability […]
The heads of federal agencies and departments can expect to see guidance from the Office of Management and Budget (OMB) in the near future on implementation of a new executive order that seeks to ensure […]
An executive order issued last week by President Donald J. Trump (R) requires executive departments and agencies to identify at least 10 existing rules to be repealed for every new one they propose, though it […]
Six banks earned the highest ratings of “outstanding” for their compliance with anti-redlining rules in November and January, two federal banking agencies said Monday and Tuesday. According to the Office of the Comptroller of the […]
A virtual public outreach meeting for March 6, 2025, is set by federal banking agencies as part of their regular review of regulations – which is required by law, the agencies announced Friday. In joint […]
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