Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
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). […]
Banks that file tax returns as part of a consolidated tax filing group would be required to enter into tax allocation agreements with their holding companies and other members of their consolidated group under a […]
Six of 15 banks in recent anti-redlining performance evaluations were rated “outstanding” by the regulator of national banks in results released Tuesday; one bank, the agency said, “needs to improve.” It its regular monthly release […]
The federal agency that charters national banks on Monday announced the termination of its portfolio stress test tool for income-producing commercial real estate (CRE) on BankNet. The tool, launched in 2012, was for demonstrating basic […]
A notice of charges for a prohibition and assessment of a $75,000 civil money penalty for a former bank employee who allegedly aided a Ponzi scheme is among the nine enforcement orders released Thursday by […]
An official from the Office of the Comptroller of the Currency (OCC) on Thursday told Congress that legislation could help address systemic risks associated with the cessation of LIBOR (London Interbank Offered Rate) by encouraging […]
A new “Allowance for Credit Losses” (ACL) booklet of the agency’s supervision and examination handbook announced Thursday will be used in supervising community banks that have adopted the “current expected credit losses” (CECL) accounting methodology, […]
Four long-time examiners at the regulator of national banks – who hold a combined nearly 141 years of service at the agency – have been designated “senior national bank examiners,” the highest honor the agency […]
Copyright (c) 2022, RegReport.info; Contact: editor@regreport.info