Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
The exit by Friday of Joseph Otting from his office as comptroller of the currency will mark a number of milestones, including: His tenure of 29 months as leader of the Office of the Comptroller […]
A former senior management official at First National Bank (Bagley, Minn.) has been barred from future service in financial institutions and ordered to pay a $15,000 civil money penalty for causing the bank to pay […]
Making it official, a transition from Joseph Otting to Brian P. Brooks as the next leader of the Office of the Comptroller of the Currency (OCC) was announced Thursday by the agency, confirming what had […]
Federal bank and credit union regulators on Wednesday released a set of interagency lending principles to encourage institutions to offer responsible small-dollar loans to customers “for consumer and small business purposes,” noting the important role […]
On the same day that his agency finalized what is arguably the most momentous regulatory action of his tenure in rewriting anti-redlining rules, the comptroller of the currency announced his resignation will be submitted by […]
A final rule rewriting rules implementing anti-redlining laws was released by the Office of the Comptroller of the Currency (OCC) Wednesday, which the agency said included at least four changes from the proposal released in […]
Title: Regulatory Capital Rule: Revised Transition of the Current Expected Credit Losses Methodology for Allowances Subject: CECL, regulatory capital; coronavirus response Agency: FDIC, Federal Reserve, OCC Status: Final rule Summary: The Office of the Comptroller […]
Title: Regulatory Capital Rule: Temporary Exclusion of U.S. Treasury Securities and Deposits at Federal Reserve Banks from the Supplementary Leverage Ratio for Depository Institutions Subject: Supplementary leverage ratio, coronavirus response Agency: FDIC, Federal Reserve, OCC […]
Treasury securities and deposits at Federal Reserve Banks may be excluded from the calculation of the supplementary leverage ratio calculation by banks and other depository institutions if they so choose, the federal banking agencies announced […]
Requirements that national banks and federal savings associations (FSAs) need to consider before changing when and where they hold their annual meetings – a topic of numerous questions raised by banks to their regulator amid […]
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