Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
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Saule T. Omarova — the nominee for a permanent appointment as comptroller of the currency – has withdrawn her name from consideration, the White House said Tuesday.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 […]
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 […]
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