Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
An extension to July 1 for the deadline to comment on how financial institutions use artificial intelligence (AI) in their activities was announced Monday by financial institution regulators. The invitation to comment was provided in […]
A bulletin on a proposed rule to require banks that file tax returns are part of a consolidated tax filing group to enter into tax allocation agreements with their holding companies and other members of […]
Benjamin W. McDonough will take the post of senior deputy comptroller and chief counsel at the Office of the Comptroller of the Currency (OCC) June 7, the OCC announced Monday. The agency said McDonough, who […]
The House is expected to pass legislation that would repeal the controversial “true lender” rule adopted last fall by the federal regulator of national banks, joining the Senate which adopted the legislation Tuesday. In a […]
While saying his immediate focus as acting comptroller of the currency will be “solving urgent problems and addressing pressing issues,” Michael J. Hsu also said Monday that he will be announcing a “review of key […]
Title: Tax Allocation Agreements Subject: Tax allocation agreements Agency: FDIC, Federal Reserve, OCC Status: Proposed rule Summary: The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and […]
Michael J. Hsu will become acting Comptroller of the Currency May 10, the Treasury Department said Friday following a designation by Secretary Janet Yellen. The Treasury said current Acting Comptroller Blake Paulson – who has […]
Ratings of “outstanding” went to three out of the 15 banks whose ratings under the anti-redlining Community Reinvestment Act (CRA) were made public in April, the Office of the Comptroller of the Currency reported in […]
The agency that charters national banks has revised its examiner booklet on credit card lending to reflect the adoption of the current expected credit loss (CECL) methodology by some banks and the increased use of […]
Preliminary conditional approval for an application to charter Paxos National Trust, New York, which will be uninsured and focus on cryptocurrency services, was announced Friday by the Office of the Comptroller of the Currency (OCC). […]
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