News Release 2021-88 | August 30, 2021 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemConference of State Bank SupervisorsFederal Deposit Insurance CorporationNational Credit Union AdministrationOffice of the Comptroller of the Currency The Office of the Comptroller of the Currency, Federal Reserve Board, the Federal Deposit Insurance Corporation, the National Credit Union […]
Category Archives: U.S. Treasury
Acting Comptroller of the Currency Issues Statement on Civil Money Penalty Against Cadence Bank, N.A. For Violations of the Fair Housing Act
News Release 2021-87 | August 30, 2021 Share This Page: WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today released the following statement upon announcement of an enforcement action against Cadence Bank, N.A., Atlanta, for violations of the Fair Housing Act. Promoting fairness and inclusion in banking is a fundamental part of the OCC’s mission, and […]
OCC Allows National Banks and Federal Savings Associations Affected by Hurricane Ida to Close
News Release 2021-86 | August 27, 2021 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today issued a proclamation allowing national banks, federal savings associations, and federal branches and agencies of foreign banks to close offices along the Gulf Coast of the United States and in other areas impacted by Hurricane Ida […]
Agencies Issue Guide to Help Community Banks Evaluate Fintech Relationships
News Release 2021-85 | August 27, 2021 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationOffice of the Comptroller of the Currency The federal bank regulatory agencies today released a guide intended to help community banks assess risks when considering relationships with financial technology (fintech) companies. Community banks are […]
OCC to Hold Hearing on Charges Against Biagio Maffettone; Agency Seeks Prohibition Order and Civil Money Penalty
News Release 2021-84 | August 27, 2021 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced a public hearing before an Administrative Law Judge beginning Tuesday, August 31, 2021, where the OCC will litigate enforcement actions against Biagio Maffettone, former Vice President and Home Mortgage Area Manager at Citizens Bank, N.A., […]
READOUT: Secretary of the Treasury Janet L. Yellen’s Call with Mexican Finance Secretary Rogelio Ramírez de la O
Yesterday, Secretary of the Treasury Janet L. Yellen had her first call with Mexican Finance Secretary Rogelio Ramírez de la O. Secretary Yellen congratulated Ramírez de la O on his appointment and expressed a strong desire to maintain a close relationship. Secretary Yellen reaffirmed Treasury’s commitment to deepen cooperation with Mexico on illicit finance. She […]
Secretary of the Treasury Yellen, Attorney General Garland and Secretary of the Department of Housing and Urban Development Fudge Sent Letter to Governors, Mayors and State Courts Urging Use of Emergency Rental Assistance Over Eviction
WASHINGTON — Today, U.S. Secretary of the Treasury Janet L. Yellen, Attorney General of the U.S. Department of Justice Merrick B. Garland, and Secretary of the Department of Housing and Urban Development Marcia L. Fudge sent a letter to state and local government leaders addressing the eviction moratorium. The full text of the letter is […]
READOUT: Deputy Secretary of the Treasury Wally Adeyemo’s Roundtable Discussion with Emergency Rental Assistance Program Grantees and Call with National Advocacy and Housing Organizations
WASHINGTON – Yesterday, Deputy Secretary of the Treasury Wally Adeyemo hosted a roundtable discussion with administrators of Emergency Rental Assistance (ERA) programs. This group largely consisted of grantees who have stood up rental assistance programs in their states, from scratch. As a result, many of their programs only recently started seeing significant progress in delivering […]
OCC Issues Fourth Quarter 2021 and First Quarter 2022 CRA Evaluation Schedule
News Release 2021-83 | August 25, 2021 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 fourth quarter 2021 and first quarter 2022. The OCC encourages public comment on the national banks and federal savings associations scheduled to […]
Treasury Announces Seven Additional Policies to Encourage State and Local Governments to Expedite Emergency Rental Assistance
Latest Treasury Data Shows Continued Progress; About 1 Million Payments Made by State and Localities as of July 31 New data on program performance demonstrates steady improvement in delivering Emergency Rental Assistance (ERA) to eligible households – particularly among state and local agencies that adopted the recommendations in Treasury’s prior guidance. Even with these improvements, […]