Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
Credit risk for large, syndicated loans remains high but did improve “modestly” last year, according to a joint report issued by the federal banking regulators Monday. In their 2021 Shared National Credit (SNC) Review Report, […]
A notice of proposed rulemaking on modernized Community Reinvestment Act (CRA) requirements will be released jointly in the “not-too-distant future” by the three federal bank regulators, the Acting Comptroller of the Currency said Monday. Michael […]
The day before a Senate committee considers the nominations of five prospective members of the Federal Reserve Board – including the chair and both vice chairs, federal financial institution regulatory agencies find themselves with tenuous […]
“Stress tests” are upcoming for covered institutions, and the regulator of national banks and the Federal Reserve released resources for dealing with the tests late Thursday. The Fed released the hypothetical scenarios for its annual […]
Representatives from eight federal agencies and departments, including the Department of Justice (DOJ), last week told The Appraisal Foundation that its ethics rule and Advisory Opinion 16 fall short in describing what constitutes federally prohibited […]
“Predatory lending has no place in the federal banking system,” the head of the national banking regulator said Wednesday in response to a federal court ruling upholding his agency’s rule on permissible interest on transferred […]
A former bank chief executive and economic adviser to former President Donald Trump when he was a presidential candidate was sentenced Monday to one year and one day by a federal judge for corruptly soliciting […]
A proposed acquisition of one large bank by another has prompted a joint public meeting by two federal banking agencies, ostensibly to collect information from stakeholders as the agencies evaluate the applications, the two said […]
Workshops for directors of national community banks and federal savings associations are being planned by their federal regulator, covering a variety of topics, the agency announced Monday. The Office of the Comptroller of the Currency […]
A virtual Innovation Office Hours event, in which participants will be able to meet one-on-one with agency representatives on innovation in banking, will be hosted March 16-17 by the Office of the Comptroller of the Currency […]
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