Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
A $3 million civil money penalty was assessed against Cadence Bank, N.A., of Atlanta, Ga., in late August over findings that the bank engaged in violations of the Fair Housing Act (FHA) and its implementing […]
U.S. commercial banks and savings associations reported $8.1 billion in trading revenue for the second quarter of 2021, down $2.4 billion, or 22.9%, from the first quarter and down $5.6 billion, or 40.9%, from a […]
A proposal for replacing a current rule implementing the anti-redlining Community Reinvestment Act (CRA) with rules based on those adopted more than 25 years ago, as revised since 1995, is scheduled to be published Friday […]
Strengthening, not just modernizing, anti-redlining rules will be necessary to reduce economic inequality and foster trust, the nation’s national bank regulator said Wednesday. In remarks to a Washington group that includes as members bankers, regulators, […]
Two panels that advise the Office of the Comptroller of the Currency (OCC) on minority depository institution and mutual savings association concerns are set to hold virtual public meetings before month’s end, according to recent […]
A new “Problem Bank Supervision” booklet of the agency’s examiner guidance series was released Monday by the Office of the Comptroller of the Currency (OCC), replacing a booklet issued in January 2001. The new booklet […]
Counterfeit checks from the Queensborough National Bank & Trust Co. of Louisville, Ga., are in circulation, and the regulator of national banks is urging all financial institutions to be on the lookout for the bogus […]
A $250 civil money penalty and operational limits were imposed on Wells Fargo Bank (Sioux Falls, S.D.) Thursday under consent orders with the Office of the Comptroller of the Currency (OCC), which cited the bank […]
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 […]
Copyright (c) 2022, RegReport.info; Contact: editor@regreport.info