Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
A cease-and-desist (C&D) order first imposed in 2012 against Citibank for deficiencies in its anti-money laundering/Bank Secrecy Act (AML/BSA) compliance has been terminated, the regulator of national banks said Thursday. In a press release, the […]
A joint public meeting on a proposal by Bank of Montreal, Montreal, Canada, and BMO Harris Bank National Association, Chicago, Ill., to acquire BancWest Holding Inc. and Bank of the West, both of San Francisco, […]
The acquisition of a Tennessee bank by a Toronto institution will be the subject of a virtual joint hearing Aug. 28 by the regulator of national banks and the Federal Reserve, the agencies said Tuesday. […]
A final rule prohibiting any person or organization from making misrepresentations about federal bank deposit insurance or misusing the insurer’s name or logo was approved Tuesday by the Federal Deposit Insurance Corp. (FDIC). The final […]
Potential uncertainty and volatility in interest rates and loan performance in the face of inflation and other potential market issues should encourage banks to assess exposures and adjust risk profiles, the regulator of national banks […]
Use of artificial intelligence (AI) tools is being considered by the regulator of national banks to enhance its monitoring of risks in the banking system, a top official at the agency told a congressional task […]
The hype and the risk consumers face with cryptocurrency investments and other digital assets is of concern to the national banking regulator, he told a group Thursday, describing the ventures as a “get rich quick” […]
Federal flood insurance law and federal regulators’ implementing rules are the topic of revised questions and answers (Q&As) released late Wednesday by federal financial institution regulators and the Farm Credit Administration (FCA). According to the […]
Saying it’s time to “rethink” how bank mergers are analyzed, the acting comptroller of the currency on Monday noted the key factors considered in evaluations of bank merger applications and said changes in the industry […]
If your rolodex includes a street address for the national bank regulator’s consumer assistance group (CAG), it’s time to make a change – to a post office box, the agency said Monday. Banks and savings […]
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