Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
The Servicemembers Civil Relief Act (SCRA) booklet of the Comptroller’s Handbook – which covers examination procedures focused on the law’s consumer protections for military servicemembers – has been revised by the Office of the Comptroller […]
A statement recognizing the 158th anniversary of the National Currency Act and the 156th anniversary of the Freedman’s Savings and Trust Company was issued to agency staff Wednesday by Acting Comptroller of the Currency Blake […]
Of the 13 banks whose Community Reinvestment Act (CRA) ratings became public in February, three were rated “outstanding” while one was deemed “needs to improve,” according to a release Tuesday by the Office of the […]
Comments are sought on a proposal issued jointly by the three federal banking agencies that would add items to call reports to help evaluate the funding stability of sweep deposits over time, according to a […]
Updates to four sections of the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual were released Thursday by federal banking and credit union regulators and the State Liaison Committee of the Federal Financial Institutions Examination Council […]
Credit risk for large, syndicated loans has increased over the last year, according to a report issued Thursday by the federal banking agencies, largely as a result of the financial impact of the coronavirus pandemic. […]
The agency that charters and supervises national banks and savings institutions has 102 institutions on its schedule for Community Reinvestment Act (CRA) evaluations during the second and third quarters of this year, according to the […]
Key provisions of a final rule creating a net stable funding ratio (NSFR) and requirement for certain banks with more than $100 billion in total consolidated assets – and set to take effect July 1 […]
Encouraging institutions to alter loan terms, easing of regulatory reporting requirements, and other supervisory practices in response to the impact of the Texas winter storms were outlined Monday by the federal financial institution regulators in […]
Five January enforcement actions released Thursday by the Office of the Comptroller included two prohibitions from future service in any insured financial institution and the assessment of a $193,105.50 civil money penalty against a bank […]
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