Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
“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 […]
Processes for considering input from state banking commissioners regarding national banks’ performance under state community reinvestment laws are addressed in a bulletin issued Wednesday by the national bank regulator. The Office of the Comptroller of […]
Two of the 16 banks whose evaluations under the anti-redlining Community Reinvestment Act (CRA) became public in January were given “outstanding” marks, the Office of the Comptroller of the Currency (OCC) said Tuesday. The outstanding […]
Two former officers of the now-defunct First National Bank (Edinburg, Texas) would be barred from any future work in federally insured financial institutions and required to pay a combined $500,000 – that’s $250,000 each – […]
Mark Pocock is the next deputy comptroller for supervisory systems and analytical support (SSAS) at the federal regulator of national banks, the agency said Tuesday. He will assume the new duties next month, the Office […]
Flagstar Bank, FSB, of Troy, Mich., was hit with a $3.62 million civil money penalty (CMP) by its federal regulator in December, which identified a “pattern or practice” of violations of federal flood insurance requirements […]
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