Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
An updated “Branch Closings” booklet of the Comptroller’s Licensing Manual was released Tuesday by the Office of the Comptroller of the Currency (OCC). The licensing manual contains a series of booklets that explain the OCC’s […]
No banks received a “needs improvement” or “substantial noncompliance” ratings in their anti-redlining evaluations released Thursday by the national bank regulator. Seven of the evaluations, out of 31 released, were “outstanding” ratings, the agency said. […]
Guidance for complying with the new threshold for reporting closed-end mortgage loans, now at 25 originated in each of the two preceding calendar years, was issued Wednesday by the regulator of national banks In a […]
The national bank regulator on Monday issued a call for academic research papers on emerging risks in the banking system or related policy and supervisory issues, setting a March 3 deadline for submission. The Office […]
A former Michigan bank loan officer who reportedly earned more than $2.5 million in commissions through the origination of fraudulent loans is barred from any future work in a federally insured financial institution, the national […]
Updates to the branches and relocations section of the national bank regulator’s licensing manual were published Thursday, reflecting changes in the rules and making other modifications including removing references to outdated guidance. According to the […]
Large banks that repeatedly try but fail to fix material deficiencies prolong risks to consumers, counterparties, and the financial system, the leader of the national bank regulator said Tuesday. And the best way to successfully […]
The maximum civil money penalty (CMP) will be $2.3 million in 2023, under a new annual schedule published Jan. 4, according to the Office of the Comptroller of the Currency (OCC) in a bulletin issued […]
A revised version of the “Fair Lending” booklet of the Comptroller’s Handbook, which guides the agency’s examiners in their examination and supervision of banking organizations, was issued Thursday by the Office of the Comptroller of […]
The 22 banks for which Community Reinvestment Act (CRA) evaluation ratings became public during September, October, and November included 11 rated “satisfactory,” nine rated “outstanding” and one rated “needs to improve,” a federal banking regulator […]
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