Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
Nine banks earned ratings of “outstanding” for compliance with anti-redlining rules by the regulator of national banks in July, the agency said Friday – accounting for 30% of all evaluations publicly released last month. The […]
An interim reduction of assessments charged by the federal regulator of national banks goes into effect Sept. 7, to be reflected in assessments paid Sept. 30, the agency said in a release Friday. The Sept. […]
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 […]
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