Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
A $15 million civil money penalty (CMP) was assessed against a bank owned by one of the nation’s largest credit card companies, the regulator of national banks announced Tuesday. The fine, assessed in a consent […]
Permission to close offices in areas affected by flooding in Vermont was issued by the national bank regulator Wednesday to national banks, federal savings associations, and federal branches and agencies of foreign banks. The Office […]
Penalties and restitution totaling more than $160 million against Bank of America for assessments of allegedly illegal overdraft and insufficient funds fees were announced Tuesday by the regulator of national banks and the federal consumer […]
A final policy statement on commercial real estate loan accommodations and workouts, designed to reinforce and build on existing supervisory guidance, was released June 29 by federal banking and credit union regulators. The policy statement, […]
Eight banks earned ratings of “outstanding” for their compliance with rules implementing anti-redlining laws, two federal banking agencies said Monday. However, those agencies also reported three banks “need to improve” their compliance with rules implementing […]
Slightly more mortgages were performing among national banks in the first quarter of this year compared to the end of 2022, their federal regulator said June 27. According to the Office of the Comptroller of […]
The 2023 list of distressed or underserved nonmetropolitan middle-income geographies – which assists banks in determining where revitalization or stabilization activities are eligible to receive anti-redlining consideration – was released Friday by the federal banking […]
The federal banking agencies will issue “in the near term” a notice of proposed rulemaking on changes to the U.S bank capital framework to consider how best to incorporate the finalization of Basel III, the […]
The asset management booklet of the Comptroller’s Handbook, a compendium of guidance for federal bank examiners, has been updated to clarify the agency’s expectations regarding fiduciary audit requirements, according to a bulletin Thursday. The updated […]
Two workshops on credit and operational risk will be held Aug. 1 and 2 in Charlottesville, Va., for national community bank and federal savings association directors, senior management, and other executives, the national bank regulator […]
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