Links in “OCC”

The OCC Annual Survey of Credit Underwriting Practices identified easing of underwriting standards at banks. This is the third consecutive year the OCC has identified this trend. [12/10/15]

The Interagency Appraisal Complaint Form is used for making formal complaints that institutions have not complied with appraisal independence standards or USPAP.  The OCC and FDIC have requested comments regarding whether its use should be continued. [12/8/15]

OCC's Curry says that raising the asset threshold for small banks to $1 billion would mean an additional 600 banks would qualify for the 18-month examination cycle. [12/4/15]

The OCC has made public a list of CRA performance evaluations for 25 institutions, available here. The ratings appear favorable overall, with eight institution’s receiving an “outstanding” rating, seventeen “satisfactory,” and zero ratings of “needs to improve” or “substantial noncompliance.” [12/2/15]

Wells Fargo argued that Los Angeles' city attorney does not have jurisdiction to take the bank to court over its alleged "aggressive sales tactics" that were highlighted in a recent L.A. Times investigation. According to the Wall Street Journal, now the OCC and Fed Reserve are looking into the allegations. The CFPB may not be far behind. [12/2/15]

OCC, Fed, and the FDIC announce their sixth and final outreach meeting to review the Economic Growth and Regulatory Paperwork Reduction Act of 1996. [11/30/15]

U.S. Bank and two individuals were hit with OCC enforcement actions in October. [11/23/15]

OCC requests approval to collect more aggregate data on portfolio performance, such as outstanding loan count and unpaid principal balance, delinquency and liquidation ratios, and the number of loss mitigation actions completed. [11/16/15]

The OCC, FDIC, CFPB and SEC have submitted a request for approval of a proposal that would call for financial institutions to make public their efforts to ensure the institution's diversity and inclusion in its workforce and procurement activities. [11/9/15]

The OCC told lenders that it will soon be starting its initial round of examinations looking at compliance with the TILA-RESPA Integrated Disclosure rule. [11/9/15]