Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
One hundred fifty-five banks will be examined for compliance with rules implementing anti-redlining laws during the third and fourth quarters, the regulator of national banks said Tuesday. According to a release from the Office of […]
How the national bank regulator determines if a larger, more complex bank has persistent weaknesses, and possible additional actions the agency may take to address those, are reflected in revisions to the manual on bank […]
The “liquidity” booklet of the national bank regulator’s handbook has been updated, reflecting risks associated with liquidity and changes in regulations since the booklet was last updated, among other things, the regulator said Thursday. According […]
Host state loan-to-deposit (LTD) ratios were issued jointly Friday by the Federal Reserve, Federal Deposit Insurance Corp. (FDIC), and Office of the Comptroller of the Currency (OCC) in connection with a 1994 statute barring banks […]
The chief executive officer and director of FirstCapital Bank of Texas, N.A., Midland, Texas, was assessed a $25,000 civil money penalty in April over findings he had, among other thigns, repeatedly approved NSF checks by […]
Federal and state bank regulators are set to host a webinar for banking organizations next Wednesday (May 24) on funding and liquidity risk management, with a Q&A session included. The Federal Deposit Insurance Corp. (FDIC) […]
Deposit insurance coverage, in the wake of recent failures of three large regional banks, was a common theme among federal financial regulators as they testified before a House committee Tuesday. In testimony before the House […]
Of the 17 banks whose evaluation ratings under the anti-redlining Community Reinvestment Act (CRA) were released in April by the national bank regulator, two received ratings of “outstanding” and the remainder were rated “satisfactory.” The […]
U.S. dollar (USD) London Inter-Bank Offered Rate (LIBOR) panels end June 30, and banks and credit unions are expected to complete their transition of remaining LIBOR contracts as soon as practicable, the federal banking, credit […]
Minimizing consumer compliance risk with overdraft programs is the subject of separate guidance issued Wednesday by two federal banking regulators, particularly with programs that assess an overdraft fee on a transaction that was authorized against […]
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