Links in “OCC”
- OCC CRA Evaluations for January
The OCC has released the January list of CRA performance evaluations. Of the twenty financial institutions who received ratings, three received an âoutstandingâ rating, while the remaining seventeen obtained a âsatisfactoryâ. [2/3/16]
- OCC: Hunker Down for Jonas
The OCC has authorized its banks affected by Winter Storm Jonas to close, but only those offices directly affected by extreme weather. [1/22/16]
- New CRA Asset Size Thresolds for CRA Examination Released
The OCC announced the new asset size thresholds for CRA examinations. Beginning 1/1/16, the new asset size for intermediate small bank is $1.216 billion (down from $1.221) with a small bank requiring assets of $304 million (down from $305 million). These amounts represent a decrease from last year thresholds as a result of the -0.42 decrease in the CPI. [1/8/16]
- Agencies to Hold CRA Conference
The Federal Reserve, the FDIC, and the OCC will be holding a conference on the Community Reinvestment Act. [1/8/16]
- Good News, Bad News for JP Morgan Chase
OCC releases JPMorgan Chase from business restrictions for violations regarding residential mortgage loan servicing and foreclosure practices, but hits it with a $48 million fine for earlier violations of the same practices. [1/6/16]
- OCC Adds 8 to Naughty List, Puts 9 Back on the Nice List
The OCC announced that eight banks received cease and desist orders, civil money penalty orders, or entered into formal agreements. On the other hand, nine banks had their enforcement orders lifted. Happy holidays. [12/21/15]
- Easy There, Commercial Real Estate Lenders
The Fed, FDIC, and OCC remind commercial real estate lenders to reinforce their prudent risk-management practices in light of increased competition. [12/21/15]
- What Are the Top Risks Your Institution Faces?
On Wednesday December 16, 2015 the OCC released a report highlighting the top risks facing national banks and federal savings associations. A few of the risks highlighted include: cyber threats, loosened underwriting standards, and increase in criminal use of technology [12/17/15].
- OCC to Banks: Warning Light is Flashing Yellow
Regulators and bank management need to act now on credit risk before the warning lights start flashing red. [12/17/15]
- OCC Seeks to Remove Bank President
OCC seeks to remove the president of American Bank (Rockville, Maryland) for artificially inflating prices to avoid recognizing losses. [12/14/15]
