Links in “OCC”
- More EGRPRA Please!
The FRB, FDIC, and OCC announced additional outreach meetings as part of the EGRPRA. The meetings will provide an opportunity for people to present their views on the 12 categories that started the EGRPRA public comment process. [1/15/15]
- OCC to Community Banks: Stand Together, Hold Strong
The OCC has released a paper titled, "An Opportunity for Community Banks: Working Together Collaboratively," which highlights options for community banks to leverage one another. The paper also addresses the benefits of doing so, as well as ways to mitigate associated risk. [1/14/15]
- OCC Warns of Counterfeit Checks
Simplicity Bank of Covina, California, has reported that counterfeit checks in connection with an online auction scam have been presented nationwide. The OCC issued a letter detailing the routing number, appearance, and unique traits of the checks. Find out what to look for to protect your institution. [1/7/15]
- OCC Offers Some Perspective on Risk
The recent Semi-Annual Risk Perspective report from the OCC highlighted increased credit risk in national banks and federal savings associations stemming from declining revenues and profitability. The report also noted increasing competition for lending opportunities, evolving cyber threats, and persisting BSA and AML risks. [12/18/14]
- OCC to NY on Cyber Security Exams: We’re Already There
Last week, New York's top regulator called for a laser-like focus on cyber security exams from both banks and regulators. This week, the OCC responds that cybersecurity continues to be a key issue. [12/18/14]
- OCC Provides Updated TILA Examination Guidelines
The OCC has released a new Truth in Lending Act booklet to replace the 2010 version in providing guidance and procedures related to examinations. The biggest changes surround Dodd-Frank's transfer of rulemaking authority and new requirements for high-priced mortgage loans. [12/17/14]
- Attention Required for Matters Requiring Attention
Matters requiring attention (MRAs) are imperative to the regulatory exam process. Find out more about MRAs and how the OCC has changed its policies for managing these items. [12/16/14]
- OCC on Cyber Security
Speech by OCC's senior critical infrastructure officer highlights rapid world of changing technology, rising risks, and response requirements needed to face those risks. Testimony provides a baseline of activities needed by financial institutions to promote compliance as well as recommendations for Congressional consideration regarding cyber security. [12/12/14]
- OCC Releases Ratings for November’s CRA Evaluations
Of the 23 CRA evaluations completed by the OCC during November, only one institution was rated Needs to Improve. 20 of the remaining institutions received a Satisfactory rating and two were deemed Outstanding. [12/11/14]
- Curry Expounds on OCC Approach to Examinations
Speaking on the OCC's overall approach to examinations, BSA/AML, and cybersecurity, the Comptroller of the Currency Thomas Curry encouraged all financial institutions to join the Financial Services Information Security and Analysis Center (FS-ISAC). The FS-ISAC is a public-private sector partnership that provides access to information regarding data security. [12/4/14]
