Links in “OCC”
- Agency Heads Head to the Hill
Heads of the CFPB, Fed, FDIC and OCC are among those scheduled as witnesses before a hearing today before the Senate banking committee. [9/9/14]
- What Counts as Economic Development?
Definition of what qualifies as economic development confusing you? The Fed, OCC, and FDIC are releasing a new question and answer document with more information on the CRA but first they want you to take a look and make a comment. [9/9/14]
- Oversight Expectations for Boards of Big Banks Dialed Back
OCC's final rule replaces "duty" of boards to "ensure" their banks are following risk management rules to "actively oversee" and "require" banks to take appropriate steps. The shift is subtle, but is designed to avoid scaring off potential board members due to heightened liabilities. [9/5/14]
- OCC Puts Pressure on Large FIs
Responding to the wake-up call provided by the 2008 financial crisis, the OCC has published final guidelines regarding the governance and risk management of large financial institutions. The guidelines focus on establishing and implementing written policy related to risk governance, and also provide minimum standards for institutions' boards of directors regarding overseeing such written policies. Implementation is based on the pending publication date in the Federal Register and will be dependent upon the size of the financial institution. [9/3/14]
- Regulators to Judge on Operation Choke Point: Blame the Banks, Not Us
FDIC, Federal Reserve and OCC are seeking a dismissal of a lawsuit by payday lenders accusing them of pressuring banks to terminate relationships with them. "Banks, not federal banking regulators, terminated those business relationships," said FDIC lawyers. [8/20/14]
- OCC’s Laundry List
OCC has released this monthâs enforcement actions which consist of one cease and desist, two civil money penalty orders, two formal agreements, one corrective action, one removal order, and five terminations of existing enforcement actions. [8/18/14]
- What Part of “Eligible Guarantee” Do You Not Understand?
The Federal Reserve Board, FDIC, and OCC agreed upon a correction for the definition of "eligible guarantee" as part of their risk-based capital rules. Better take a look, as the change could affect the way your institution determines its regulatory capital ratios. [7/17/14]
- Host State Loan-to-Deposit Ratios Released
The Federal Reserve Board, OCC, and FDIC issued the host state loan-to-deposit ratios that will be used to determine compliance with section 106 of the Riegle-Neal Interstate Banking and Branching Efficiency Act. [7/3/14]
- CRA Consideration Expanded to New Areas
The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency today announced the availability of the 2014 list of distressed or underserved nonmetropolitan middle-income geographies, where revitalization or stabilization activities will receive Community Reinvestment Act (CRA) consideration as "community development." [7/1/2014]
- Competition, Strategic, and Operational Risks Top List of Challenges for National Banks
A recent OCC report notes an intensifying competition for limited lending opportunities resulting in loosening underwriting standards. The report also noted the growing challenges associated with the evolving cyber-threats and risks associated with BSA due to rapidly changing money-laundering methods. [6/26/14]
