Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
“Perfection” in adopting current expected credit loss (CECL) requirements at the start of the new year is not expected, the regulator of national banks said Monday, adding that small institutions don’t need big models or […]
A total of 177 banks are scheduled to receive Community Reinvestment Act (CRA) evaluations by the Office of the Comptroller of the Currency (OCC) during the first and second quarters of 2023, according to the […]
Reductions for assessment fees on banks – and no change in the assessment rates from 2022 for independent trust and independent credit card fee schedules – were announced Thursday by the Office of the Comptroller of the […]
Revised mitigating factors, and increased scoring weight of those factors, are two key changes in the manual for assessing civil money penalties (CMPs), the regulator of national banks said Tuesday. The Office of the Comptroller […]
Two regulators gave clues of how they will consider future resolution plans (or “living wills”) submitted for review by large, complex banking organizations – including taking a more “granular” view and focusing on “resolvability” — […]
Oversight of more than 200 banks and federal savings associations with assets of $273 billion across 19 states in the northeast and east U.S. will be the responsibility a new deputy comptroller of the currency, […]
The “quiet trustworthiness” of banks in the face of the current “crypto drama” was extolled by the top regulator of national banks Thursday in remarks before a conference focusing on financial literacy issues. Acting Comptroller […]
Crypto and stablecoins, capital requirements, climate change, bank mergers and more were among the topics that federal financial institution regulators touched on during testimony Tuesday before the Senate Banking Committee. In presenting their testimony for […]
Elevating fairness – to ensure that the federal banking system provides fair access and treatment, including through enforcement of anti-redlining laws – is a commitment of the national bank regulator, the agency’s top supervisory official […]
National banks, federal savings associations, and federal branches and agencies of foreign banks were permitted to close offices in areas affected by Tropical Storm Nicole in Florida, Georgia, North Carolina, and South Carolina, the national […]
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