Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
Establishing data standards for the collection of information reported to federal financial institution regulators by financial entities under their jurisdiction is the aim of a joint notice of proposed rulemaking (NPR) issued by the agencies […]
The national bank regulator gave banks leave to close their offices in areas of Florida and Georgia affected by Hurricane Debby, according to an announcement Monday. The Office of the Comptroller of the Currency (OCC) […]
Mark Thomas will oversee the planning and execution of the national bank regulator’s annual operating budget and supervise its financial systems and internal and financial controls program, among other things, as the new chief financial […]
Six banks whose Community Reinvestment Act (CRA) evaluation ratings were made public in July were deemed “outstanding,” and one received the rating of “substantial noncompliance,” the national bank regulator said Thursday. The remaining banks on […]
This article has been updated to include a link to the Federal Register notice seeking information, and comment deadline. Banks were reminded of potential risks they face from third-party arrangements to deliver deposit products and […]
This article has been updated to include a link to a Federal Register notice on the EGRPRA review of rules. A virtual public outreach meeting to review federal banking regulation, with the aim of reducing […]
Updating the requirements for anti-money laundering/countering the financing of terrorism rule (AML/CFT) compliance at banks and credit unions to match those proposed by law enforcement were proposed by their respective regulators Friday in a joint […]
Analyses that banking regulators conducted for many of the 22 major capital and liquidity rules issued in the wake of the 2007-09 financial crisis, through 2021, did not consistently reflect leading practices, the congressional watchdog […]
Final guidance addressing reconsiderations of value (ROVs) for residential real estate transactions were issued by all five federal financial institution regulators Thursday, the agencies announced in a joint release. According to the release, the guidance […]
A final rule designed to ensure credibility and integrity of automated valuation models (AVMs) in mortgages secured by a consumer’s principal dwelling through quality control standards was issued Wednesday by the federal financial regulators and […]
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