Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
Stablecoins may be used to conduct payment activities and other bank-permissible functions by national banks and federal savings associations, their federal regulator said in a letter issued Monday. The letter, issued by the Office of […]
Two candidates have been renominated by the White House to lead federal financial institution regulators – but Senate action on those nominations most likely will have to take place by Jan. 20 in order for […]
A final rule that updates or eliminates outdated regulatory requirements that “no longer reflect the modern financial system,” incorporates or codifies agency interpretations, and more is set to take effect April 1, the Office of […]
The federal banking agencies have extended, to Jan. 1, 2022, temporary “no-action” relief for applying Regulation O to companies that manage funds investing in banking organizations. The action by the agencies extends relief provided last […]
How the federal agency that charters national banks interprets standards for federal preemption of state law under the 2010 financial consumer protection statute is detailed in a new interpretive letter. The letter, issued Friday by […]
The “forward” booklet explaining the organization, format, and process for revising portions of the Comptroller’s Handbook containing examiner guidance has been updated to rescind the version published in May 2019, according to a bulletin issued […]
The three federal banking agencies Friday jointly released a proposal requiring banks and banking organizations they supervise to promptly notify their primary federal regulator in the event of a computer security incident. The joint release […]
U.S. commercial banks and savings associations reported total trading revenue of $9 billion in the third quarter, down $5.7 billion – or 38.9% – from the second quarter, the Office of the Comptroller of the […]
Banks and savings institutions reporting small-business lending data under the Community Reinvestment Act (CRA) said they originated and purchased an aggregate $264.9 billion in such loans during 2019, according to data made available Monday by […]
A period of “no-action” relief for certain noncleared legacy swaps affected by “Brexit” – or the United Kingdom’s (UK) withdrawal from the European Union (EU) – and the expiration of certain “passporting” rights was announced […]
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