Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
Twelve of the 35 banks whose examination ratings under the anti-redlining Community Reinvestment Act (CRA) became public in March were deemed “outstanding” by the Office of the Comptroller of the Currency (OCC), with the remaining […]
Terming actions by the previous administration on bank regulation a “weakening” of common-sense safeguards and supervision for large regional banks, President Joe Biden (D) late Thursday urged the supervisors to reverse those decisions, which he […]
Bank trading revenue in the fourth quarter of 2022 was up from the same quarter of the previous year by nearly 34% to $9.6 billion, even though the revenue was down from the previous 2022 […]
A report that includes data on 22% of all residential mortgage debt outstanding – 12 million loans totaling $2.7 trillion in principal balances – in the U.S. shows that the performance of first-lien mortgages declined […]
Acting Comptroller of the Currency Michael Hsu has added a new role and title to his duties: chair of the umbrella group for the federal financial institution regulators, the group said Friday. Hsu was named […]
A new Office of Financial Technology, as well as the leader of that new department, was announced Thursday by the regulator of national banks. The new office, which the Office of the Comptroller of the […]
Six new members of the mutual savings association advisory committee of the regulator of national banks were announced by the agency Friday. The Office of the Comptroller of the Currency (OCC) said the six new […]
Developments related to the failure of two large banks two weeks ago continued to emerge this week, with regulators promising a complete review of regulation and supervision, and even action for smaller banks should the […]
A $17 million civil money penalty (CMP) was assessed Wednesday against the former head of Well Fargo Bank’s community bank for her alleged role in systemic sales practices misconduct, the regulator of national banks said. […]
Federal banking regulators met Friday afternoon with the Secretary of the Treasury to discuss developments around the closure of a Santa Clara, Calif., bank, the Treasury Department said. In a release, the Treasury Department said […]
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