Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
A proposal to rescind the agency’s 2020 Community Reinvestment Act (CRA) rule by Jan. 1 and replace it with rules based on the 1995 interagency rules was announced Wednesday by the Office of the Comptroller […]
Banking regulators rated eight banks “outstanding” for their efforts under the anti-redlining Community Reinvestment Act (CRA) and deemed one “needs to improve,” with the remaining institutions deemed satisfactory, the agencies said in releases last week […]
There is more time to comment on proposed guidance to help banking organizations manage third-party risk, with a new deadline of Oct. 18, the federal banking agencies said Tuesday. In separate releases, the agencies said […]
A former vice president and home mortgage area manager at Citizens Bank, N.A., Providence, R.I., who allegedly sought and received kickbacks from a loan officer under his supervision is the respondent in a case set […]
Helping community banks assess risks when considering relationships with financial technology companies is the aim of a new guide issued Friday by the federal banking agencies. In separate releases, the agencies said the guide – […]
A total of 153 evaluations of banks for their efforts under the anti-redlining Community Reinvestment Act (CRA) are slated over the fourth quarter of 2021 and the first quarter of 2022 across 37 states and […]
A Chicago-based banker would be prohibited from working at a bank or credit union after facing charges of overdrawing by nearly $445,000 a line of credit that was set up to circumvent bank controls, the […]
A new booklet, “Model Risk Management,” has been added to the Safety and Soundness series of the Comptroller’s Handbook, which is published by the Office of the Comptroller of the Currency (OCC) for use by […]
An updated liquidity booklet for the Comptroller’s Handbook providing guidance to examiners was issued Monday by the Office of the Comptroller of the Currency (OCC), the agency announced. According to Bulletin 2021-38, the updated booklet: […]
An accounting series aimed at promoting consistent application of accounting standards and regulatory reporting among supervised banks has been updated by the Office of the Comptroller of the Currency (OCC) and replaces the version published […]
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