Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
The group that advises the national bank and thrift regulator on issues important to mutual savings associations (MSAs) is scheduled to meet publicly at 8:30 a.m. Eastern on April 19, according to a notice slated […]
Trading revenue was up nearly 20% at banks and savings associations at the end of 2021 from the previous year, the regulator of national banks and savings associations said Friday. The Office of the Comptroller […]
Enhancing supervisory methods for identifying discrimination in property valuations, and taking steps to ensure that consumers know their rights regarding appraisals, are among the actions the regulator of national banks plans to take in coming […]
Rubbing elbows with royalty is apparently one of the perks of being acting comptroller of the currency, as the incumbent Wednesday met with the queen of the Netherlands to talk financial health and inclusion. The […]
Updates intended to modernize policies and procedures for administrative proceedings at bank and credit union regulators were proposed Tuesday by the agencies. Specifically, the agencies said the proposal was intended to align the rules with […]
More than 96% of mortgages were current and performing at national banks and savings institutions at year-end 2021, up from about 93% a year earlier, their federal regulator said Tuesday. Foreclosures, the regulator said, increased […]
A combined $140 million in civil money penalties was imposed against USAA Federal Savings Bank (FSB) in consent orders Thursday that cited the bank for Bank Secrecy Act/anti-money laundering (BSA/AML) violations, among them the failure […]
A final rule issued Wednesday by the national bank regulator clarifies the agency’s authority to provide exemptions from its requirements on reporting of suspicious activity under the Bank Secrecy Act (BSA). Wednesday’s final rule by […]
The need to educate consumers about the risks and costs inherent in crypto currency investments was emphasized Thursday during remarks by the top national banking regulator before the Treasury-led Financial Literacy and Education Commission (FLEC). […]
The “Large Bank Supervision” booklet of the national bank regulator’s supervisory handbook has been updated and rescinds the previous booklet of the same title from September 2019. The agency said Tuesday. In its Bulletin 2022-6, […]
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