Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
A fine of more than $22 million has been assessed against a Delaware mortgage company for alleged intentional discrimination against families living in mostly minority Philadelphia neighborhoods, the federal consumer financial protection agency said Wednesday. […]
The impact of financial technology (fintech) entities and nonbanks on banking and the markets for lending, deposit-taking, and payment services is the subject of research – and a call for papers – by the national […]
Details of the cease and desist (C&D) order the Office of the Comptroller of the Currency (OCC) issued July 14 against Bank of America, over its administration of prepaid cards for unemployment benefits in several […]
Six directors and one former director of a San Francisco bank were each fined $10,000 each – for a total of $70,000 – for failing to follow through on the requirements of a 2015 written […]
Two individuals from the legal staff of the Office of the Comptroller of the Currency (OCC) will take on new duties within the agency’s chief counsel’s office this August, the OCC announced Tuesday. The agency […]
The Office of the Comptroller of the Currency on Tuesday announced two-year renewals of charters for the agency’s Minority Depository Institutions Advisory Committee (MDIAC) and Mutual Savings Association Advisory Committee (MSAAC) and issued calls for […]
Operational and compliance risk workshops are planned Aug. 9-10 in Denver by the national bank regulator for directors of community banks and federal savings associations, the agency said Thursday. The Office of the Comptroller of […]
Combined fines of $225 million were assessed Thursday against Bank of America by two federal regulators accusing the bank of botching disbursement of state unemployment benefits at the height of the coronavirus crisis. In a […]
Of the 18 banks whose Community Reinvestment Act (CRA) evaluation ratings became public in June, five of them received ratings of “outstanding,” with the rest given ratings of “satisfactory,” the national bank regulator said Friday. […]
No customer type presents a single level of uniform risk or a particular risk profile related to money laundering, terrorist financing or other illicit financial activity, the federal banking and credit union agencies, along with […]
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