Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
Six banks earned the highest ratings of “outstanding” for their compliance with anti-redlining rules in November and January, two federal banking agencies said Monday and Tuesday. According to the Office of the Comptroller of the […]
A virtual public outreach meeting for March 6, 2025, is set by federal banking agencies as part of their regular review of regulations – which is required by law, the agencies announced Friday. In joint […]
No new rules – “in any manner” – may be proposed or adopted by federal regulators, including those overseeing financial institutions until those rules are reviewed and approved by an agency head appointed or designated […]
A statement on supervisory practices affecting banks and credit unions in areas of California ravaged by wildfires was issued Tuesday by federal banking and credit union regulators, along with the California financial institution supervisor. The […]
Six prohibition orders were issued by the national bank regulator so far in February, the agency said Thursday. Formal agreements were also reached with both Michigan and Connecticut banks, both the result of “unsafe or […]
Once again, federal banking agencies said no action will be taken against banks or other firms that sponsor, manage, or advise investment funds and institutional accounts that become principal shareholders of banks. The agencies made […]
National banks and savings associations having total consolidated assets of $250 billion or more have until April 15 to provide their federal regulator the results of this year’s Dodd-Frank Act stress tests using “baseline” and […]
Rodney Hood’s stint as acting comptroller of the currency may be a brief one, as the president has nominated Jonathan Gould to a five-year term in the comptroller post. Gould served previously at the Office […]
The new, acting head of the Office of the Comptroller of the Currency (OCC) on Tuesday said the agency had formally withdrawn from the international Network of Central Banks and Supervisors for Greening of the […]
The national bank regulator on Tuesday ordered three former Wells Fargo, N.A., executives to pay a combined $18.5 million in civil money penalties (CMPs) for sales practices misconduct, concluding action initiated in 2020 against 11 […]
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