Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
Of the 17 banks whose Community Reinvestment Act (CRA) evaluations became public in November, four were rated “outstanding” under the anti-redlining statute, the national bank regulator said Thursday. The agency reported that the four rated […]
No inflation adjustment for assessment rates by the national bank regulator will be applied in 2022, the agency announced Wednesday; however, the agency is raising – by $5 – the hourly fee it charges for […]
One new section and updates to three sections of the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual were released Wednesday by the umbrella Federal Financial Institutions Examination Council (FFIEC), which includes federal and state financial […]
Amounts above, or below, which certain federal disclosure, interest rate, fee, and other requirements and limitations apply for consumer leases, consumer credit, and higher-priced mortgage loans (HPMLs) are revised up nearly 5% for 2022 under […]
Nearly 200 national banks and federal savings associations are expected to receive evaluations under the anti-redlining Community Reinvestment Act (CRA) during the first and second quarters of 2022, according to the schedule released Monday by […]
Banks generally may not make passive equity investments in venture capital funds, and this may be the case even if the fund qualifies for a Volcker rule exclusion, according to a bulletin Tuesday from the […]
An interpretive letter aimed at clarifying the prior requirements for national banks and federal savings associations interested in engaging in certain cryptocurrency, distributed ledger, and stablecoin activities was released Tuesday by the Office of the […]
A so-called roadmap for providing greater public clarity throughout 2022 on issues surrounding banking institutions’ involvement in crypto-assets was released as part of a joint statement Tuesday by federal banking agencies. “As supervised institutions seek […]
A final rule on requiring banks’ notification to federal regulators of certain cyber incidents with potentially systemic impacts was approved jointly Thursday by federal banking agencies. The rule is set to take effect April 1, […]
Guaranteeing a fair and competitive market where small and mid-size banks that invest in their neighbors’ homes and small businesses can thrive, and where every community has access to safe and affordable financial services, are […]
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