Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
The proposed acquisition of Discover Financial Services by a large, Virginia-based banking firm will be considered during a public hearing in about two months, the banks’ federal regulators said late Tuesday. The public comment period […]
Identifying and addressing blockchain risks needs to be addressed by two federal banking regulators, as recommended last year, according to a report issued Tuesday by the congressional watchdog. In separate reports on “open priority recommendations,” […]
Incentive-based compensation arrangements are addressed in a proposal to make those more sensitive to risk was issued – or scheduled to be adopted — Monday by federal banking and credit union regulators, among others. The […]
Managing risks presented to community banks by third-party relationships – especially about development and implementation of management practices – is the aim of a guide issued jointly Friday by the federal banking agencies. The guide, “Third-Party […]
Of the handful of banks – 13 – that received their evaluation ratings under federal anti-redlining rules in April, all were found to be “satisfactory” except two, according to results released Thursday by the national […]
The acquisition of Discover Financial Services by a large, Virginia-based banking firm will be subject to public comment through May 31, federal banking regulators said separately Wednesday. The Federal Reserve Board and the Office of […]
Another individual associated with a troubled lending program at a Southfield, Mich., bank has been ordered to pay a $400,000 civil money penalty (CMP), the national bank regulator said Thursday. The Office of the Comptroller […]
Interest rate risk (IRR) data gathered during examinations of midsize and community banks and federal savings associations (FSA) by the national bank regulator was published Thursday by the agency. The report, the Office of the […]
There’s more time to comment on its proposal to update rules for business combinations, the national bank regulator said Wednesday, increasing the comment period by 60 days. The Office of the Comptroller of the Currency […]
Overdraft fees charged by national banks, in aggregate, have dropped more than 40%, from $6.5 billion in 2021 to $4 billion in 2023, the agency’s leader said Thursday. Speaking at a conference of the National […]
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