Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
Support for reviewing Bank Merger Act (BMA) guidelines was cited by a third member of the board of the bank deposit insurance fund, according to his statement issued Tuesday. Michael J. Hsu, acting comptroller of […]
Rescinding anti-redlining rules adopted in 2020 – and replacing them with a regulation based on those issued by it and fellow federal bank agencies in 1995 – is the aim of a final rule issued […]
Two alerts sent out Thursday and Friday by the national bank regulator warn of two fictitious entities that falsely purport to be national banks and are likely seeking to perpetrate identity (ID) theft. The Office […]
Five of the booklets contained in the Comptroller’s Licensing Manual that explain related policies and procedures of the national banking regulator are revised and available now, the agency announced Friday. The revised booklets are titled […]
Mortgage performance improved at national banks by the end of the third quarter – but foreclosures at the financial institutions jumped by more than 150%, according to results released Friday by the national bank regulator. […]
Reform of bank overdraft programs holds the promise of achieving the goal of improving people’s financial health, the acting head of the national bank regulator said Wednesday, adding that his agency has identified attributes of […]
Saule T. Omarova — the nominee for a permanent appointment as comptroller of the currency – has withdrawn her name from consideration, the White House said Tuesday. President Joe Biden (D) accepted the withdrawal. Omarova […]
Lauren Oppenheimer is the chief of staff to the leader of the national bank regulator, the agency said Tuesday, advancing after joining the staff just six months ago. According to the Office of the Comptroller […]
Weak loan demand and low net interest margins (NIM) continue to weigh on performance of national banks, their federal regulator said Monday, punctuated by higher operational and compliance risks. In its Semiannual Risk Perspective for […]
The national banking regulator is soliciting papers and research that will inform the agency’s work developing climate-related financial risk management guidance for regulated institutions, the agency said Friday. The Office of the Comptroller of the […]
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