Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
A 2020 bulletin on revised Truth-in-Lending Act (TILA) exam procedures was rescinded by the national regulator of banks Thursday in light of more recent revisions brought about by changes regarding the definitions of qualified mortgages. […]
Anyone in banking who thinks some form of LIBOR will remain available as a reference rate despite its scheduled expiration has another thing coming, the chief of the Office of the Comptroller of the Currency […]
Got questions about the national bank regulator’s request for comments about its proposal to rescind 2020 anti-redlining rules? The regulator has some answers – to frequently asked questions (FAQs) it has received, the agency said […]
A series of policy statements on crypto assets activities by banks is forthcoming from federal banking regulators, the leader of the federal bank deposit insurance fund indicated Monday, as the agencies coordinate policies on how […]
Payments systems – including types, associated risks, and management practices – are covered in the updated version of the national bank regulator’s “Payment Systems” booklet, the agency said Friday. According to the Office of the […]
Alleging redlining, three federal agencies took action against a Jackson, Miss., bank – with operations in Memphis, Tenn. – and announced Friday a settlement requiring the financial institution to pay a $5 million penalty and […]
A joint regulators’ statement that suggested actions banks and nonbanks alike should consider taking to ensure safe-and-sound practices during the transition away from the LIBOR reference rate was joined Thursday by the federal consumer financial […]
The importance of maintaining trust in the banking system during the transition from the soon-defunct LIBOR to replacement rates at year’s end will be the topic for the top regulator of national banks when he […]
An updated self-assessment tool to aid banks in their transition from a soon-to-be-defunct reference rate was published Monday by the national bank regulator. In its Bulletin 2021-46, the Office of the Comptroller of the Currency […]
Strategic and operational planning to ensure banks maintain stable financial positions is at the top of the strategies of the 2022 operating plan for the regulator of national banks, release Friday. According to the Office […]
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