Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
A “no action” position regarding application of Regulation O was extended for at least another year by the federal banking agencies Thursday, the agencies said in a joint statement. According to the Federal Reserve, Federal […]
Of the first-lien residential mortgages included in the Office of the Comptroller of the Currency’s (OCC) quarterly mortgage performance report, 97.2% of them were current and performing at the end of the third quarter, up […]
Revisions to interagency examination procedures for the Fair Debt Collection Practices Act (FDCPA) and its implementing regulation (Regulation F) were released jointly Thursday by federal banking regulators under the umbrella Federal Financial Institutions Examination Council […]
Data provided under the anti-redlining Community Reinvestment Act (CRA) on small business, small farm, and community development lending in 2021 was released Thursday by the three federal banking regulators. The data show that a total of 685 […]
Trading revenue at banks was up 22.9%, for $2.4 billion, in the third quarter of this year from the previous quarter, and grew more than 84% higher than the end of the same period in […]
Rising interest rates have adversely affected bank investment portfolios, making the increases among the top risk issues facing the industry, according to a report issued by the national bank regulator Thursday. The Office of the […]
“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 […]
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