Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
The regulator of national banks issued its fiscal 2021 supervisory plan Thursday, with credit risk management “given projected weaker economic conditions” and commercial and residential real estate concentration risk management the first two items on […]
Ten “satisfactory” ratings, one “outstanding,” and one “needs to improve” were assigned under Community Reinvestment Act evaluations that the Office of the Comptroller of the Currency (OCC) released to the public in September, the OCC […]
Revised interagency examination procedures for the Truth in Lending Act (TILA), implemented by Regulation Z, are outlined in a bulletin issued Wednesday by the regulator of national banks. The Office of the Comptroller of the […]
Temporary rules established to counter the financial impact of the coronavirus crisis – on real estate appraisals and evaluations, and the impact on regulatory capital of participating in special lending facilities – were made final […]
The portion of first-lien mortgages that were current and performing declined 5 percentage points in the second quarter of 2020, year over year, according to a report released Wednesday by the Office of the Comptroller […]
An interpretive letter released this week gives the nod to federally chartered banks and savings associations holding reserves on behalf of customers who issue stablecoins that are backed by an asset such as U.S. dollars […]
The acting head of the Office of the Comptroller of the Currency (OCC) on Monday welcomed the Federal Reserve’s “joining us” in recognizing the need to “improve upon a system that was not working” through […]
Settlements with a trio of former senior executives of Wells Fargo Bank for their roles in systemic sales practices misconduct by the banks – totaling nearly $1.7 million in civil money penalties (CMPs) – were […]
Credit unions were encouraged by their federal regulator Friday to sign up for a BSA Coalition webinar slated next Thursday on potential regulatory changes and “status of initiatives in 2020.” The BSA Coalition describes itself […]
Lender underwriting should look back to a borrower’s pre-pandemic condition and forward to post-pandemic condition, according to revised frequently asked questions (FAQs) addressing the Main Street Lending Program issued Friday by the Federal Reserve. In […]
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