Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
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published Thursday, reflecting changes in the rules and making other modifications including removing references to outdated guidance.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 […]
Melissa Love-Greenfield is the new deputy comptroller for systemic risk identification and support (SyRIS) within the regulator of national banks’ supervision risk and analysis division, the agency said Wednesday. According to the Office of the […]
Guarding against complacency, addressing inequality, adapting to digitalization, and managing climate risk are the top priorities for the leader of the national bank regulator, which are reflected in the agency’s 2022 annual report issued Thursday. […]
A statement that highlights what they describe as “key risks for banking organizations associated with crypto-assets and the crypto-asset sector” and outlines approaches to supervision was issued jointly Tuesday by the three prudential federal banking […]
Definitions of “small bank” and “intermediate small bank” in 2023 for purposes of anti-redlining laws were announced Thursday by the regulator of national banks, tracking those set 10 days ago by the other two federal […]
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