Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
A 2019 data breach affecting the personal information of more than 100 million credit card customers and credit card applicants of Capital One has yielded an $80 million civil money penalty for the bank and […]
An interim final rule codifying the “standard withdrawal period” for a collective investment fund (CIF) and allowing for an exception, with the regulator’s approval, was issued for comment Tuesday by the Office of the Comptroller […]
A new bank charter for a San Francisco-based financial institution, but expected to build a national footprint, was touted by the regulator of national banks Friday as representing the “evolution of banking.” In a release, […]
Providing cryptocurrency custody services, including holding unique cryptographic keys associated with cryptocurrency, is a modern form of traditional bank activities related to custody services and is permitted for federally chartered banks and savings associations, the […]
Title: National Banks and Federal Savings Associations as Lenders Subject: “True lender” Agency: OCC Status: Final rule; Congressional Review Act revocation Summary: Under the Congressional Review Act (CRA), Congress has passed and the President has […]
A bank that makes a loan would be determined a “true lender” under the provisions of a rule proposed Monday by the national bank regulator. The Office of the Comptroller of the Currency (OCC) said […]
The nine enforcement actions announced by the Office of the Comptroller of the Currency (OCC) this week included one civil money penalty assessment (CMP) of $100,000 related to a bank’s deficiencies under the Bank Secrecy […]
Regulatory relief is extended to financial institutions in Michigan affected by the recent severe storms and resulting flooding from a failed dam, the federal insurer of bank deposits said Thursday. In a financial institution letter […]
Nominations for the committee tasked with helping the regulator of national banks assess needs and challenges facing minority deposit institutions are being taken now, the agency said Wednesday. The Office of the Comptroller of the […]
New members of the advisory panel made up of mutual savings bank representatives are being sought by the federal regulator of national banks, the agency said Wednesday. The Office of the Comptroller of the Currency […]
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