News Release 2019-148 | December 16, 2019 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationOffice of the Comptroller of the Currency The three federal banking agency members of the Federal Financial Institutions Examination Council (FFIEC) with Community Reinvestment Act (CRA) responsibilities today announced the availability of data on […]
Category Archives: Office of the Comptroller of the Currency
FDIC and OCC Propose to Modernize Community Reinvestment Act Regulations
News Release 2019-147 | December 12, 2019 Share This Page: Joint Release Federal Deposit Insurance CorporationOffice of Comptroller of the Currency WASHINGTON—The Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) today announced a proposal to modernize the agencies’ regulations under the Community Reinvestment Act (CRA) that have not been […]
Comptroller Statement Regarding Joint Proposal to Modernize the Community Reinvestment Act Regulations
News Release 2019-146 | December 12, 2019 Share This Page: WASHINGTON—Comptroller of the Currency Joseph Otting today released the following statement regarding the publication of the joint notice of proposed rulemaking to modernize the Community Reinvestment Act (CRA) regulations. Since 1977 the Community Reinvestment Act has steered trillions of dollars into neighborhoods across our country helping […]
OCC Highlights Key Risks for Federal Banking System
News Release 2019-145 | December 9, 2019 Share This Page: WASHINGTON — The Office of the Comptroller of the Currency (OCC) today reported operational, credit, and interest rate risks are among the key themes for the federal banking system in its Semiannual Risk Perspective for Fall 2019. Highlights from the report include: Operational risk is elevated […]
OCC Releases CRA Evaluations for 22 National Banks and Federal Savings Associations
News Release 2019-144 | December 5, 2019 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of November 1, 2019 through November 30, 2019. The list contains only national banks, federal savings associations, and insured federal […]
Comptroller Submits Written Statement on the Condition of the Federal Banking System, Regulatory Priorities
News Release 2019-143 | December 4, 2019 Share This Page: WASHINGTON—Comptroller of the Currency Joseph Otting today submitted the attached written statement on the condition of the federal banking system and progress made to achieve the agency’s regulatory priorities to the House Committee on Financial Services. The statement was submitted in lieu of participating in the […]
Federal Regulators Issue Joint Statement on the Use of Alternative Data in Credit Underwriting
News Release 2019-142 | December 3, 2019 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemConsumer Financial Protection BureauFederal Deposit Insurance CorporationOffice of Comptroller of the CurrencyNational Credit Union Administration WASHINGTON – Five federal financial regulatory agencies today issued a joint statement on the use of alternative data in underwriting by banks, […]
Agencies Clarify Requirements for Providing Financial Services to Hemp-Related Businesses
News Release 2019-141 | December 3, 2019 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationFinancial Crimes Enforcement NetworkOffice of Comptroller of the CurrencyConference of State Bank Supervisors WASHINGTON—Four federal agencies in conjunction with the state bank regulators today issued a statement clarifying the legal status of hemp growth […]
OCC Issues First and Second Quarter 2020 CRA Evaluation Schedule
News Release 2019-140 | November 26, 2019 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released its schedule of Community Reinvestment Act (CRA) evaluations to be conducted in the first quarter and second quarter 2020. The OCC encourages public comment on the national banks and federal savings associations scheduled to be […]
OCC Reduces 2020 Assessments on National Banks and Federal Savings Associations
News Release 2019-139 | November 25, 2019 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) is reducing the rates in all fee schedules by 10 percent for the 2020 calendar year. The 2020 reduction is in addition to the 10-percent reduction in the General Assessment Fee Schedule rates that the OCC implemented […]