Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
Of the 19 banks whose Community Reinvestment Act (CRA) ratings became public in March, four received ratings of “outstanding” and two received ratings of “needs to improve,” the national bank regulator said Monday. The Office […]
Trading revenue was down by $2 billion in 2023, or 20.4%, from the year before at banks and savings associations, the national bank regulator said Wednesday. The Office of the Comptroller of the Currency (OCC) […]
Using fairness as an “input” to help guide banks’ compliance risk management programs was advocated by the regulator of national banks in a speech Monday. Speaking to the Consumer Bankers Association in Washington, Acting Comptroller […]
The Office of the Comptroller of the Currency’s (OCC) Minority Depository Institutions Advisory Committee (MDIAC) is slated to meet publicly April 16, the agency announced Monday. The panel advises the OCC on steps the agency […]
The three federal banking agencies late Thursday issued a supplemental rule that postpones from April 24, 2024, to Jan. 1, 2026, the applicability date for Community Reinvestment Act (CRA) requirements on facility-based assessment areas and […]
Two more top executives at a Southfield, Mich., bank received civil money penalties – totaling $270,000 – and were prohibited from future service at federally insured financial institutions, the regulator of national banks said in […]
Fines of nearly $350 million were assessed against JPMorgan Chase Bank, N.A. (JPMC) Thursday related to deficiencies in the company’s trade surveillance program, including inadequacies in monitoring trading activities for market misconduct, two regulators announced […]
An “Office Hours” by the national bank regulator’s financial technology office will be held May 21-22 in San Francisco, the regulator announced Thursday. The Office of the Comptroller of the Currency (OCC) said the two-day […]
Of 31 banks whose Community Reinvestment Act (CRA) evaluation ratings were made public in February, one of them received a rating of “needs to improve,” while six of the institutions were rated “outstanding,” according to […]
Community reinvestment will be the topic when leaders of two of the federal bank regulatory agencies – and the top supervisor of the third – participate in a panel March 4-7, sponsored by the agencies. […]
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