Links in “OCC”
- CUNA Expresses Concerns About Reg. D Transaction Limitations
CUNA has sent a letter to the Federal Reserve Board, the FDIC, and the OCC in which it states that the transaction limitations on savings accounts have outlived their initial policy purposes and adversely affect credit unionsâ ability to serve their members. In addition, CUNA expresses concerns about proposed changes to Reg. CC that could pose challenges for RDC transactions. [5/14/15]
- The OCC on Regulatory Burden
Comptroller of the Currency, Thomas J. Curry, thinks it is time for the regulatory burden to be reduced on community banks and thrifts. Read his comments here. [5/5/15]
- OCC Report Shows Community Banks in South Improving
The OCC released its study of regulated banks in 9 southern states that reflected continued strengthening albeit with emerging risk factors. The report noted that 91% of the 455 FIs had composite ratings of 1 or 2 and the number of problem banks fell to a pre-crisis level of 43 at the end of 2014 (down from 148 at YE 2011). The report also included a warning of credit underwriting easing that noted heavy competition may result in weakened credit. [5/1/15]
- OCC is Here to Help
The OCC's Senior Deputy Comptroller for Midsize and Community Bank Supervision provided testimony before Congress discussing the challenges facing small banks under OCC purview, and the work to help those institutions in remaining a vibrant part of the nationâs financial system. [4/24/15]
- Whatcha Gonna Do When the OCC Comes for You?
The OCC has released its list of April actions, which include one cease and desist order, six civil money penalty orders, and more. [4/20/15]
- Out With the Old, In With the New
The OCC continues its efforts to update sections of the Comptroller's Handbook. This time the "Trade Finance and Services" booklet replaces the "Trade Finance" and "Bankers' Acceptance." [4/16/15]
- OCC Releases New RESPA Handbook Booklet
Due to recent updates to Regulation X (RESPA), the OCC has updated portions of its handbook to reflect the most recent regulatory standards. Take a look at the changes here. [4/15/15]
- House Financial Services Committee to Agencies: Back Off Operation Choke Point
Leaders of the House Financial Services Committee are calling on the federal regulatory agencies to disavow any involvement in Operation Choke Point. The letters were sent to the FDIC, the CFPB, the NCUA, and the OCC. [4/10/15]
- CRA Performance Evaluations Released
The Office of the Comptroller of the Currency (OCC) recently released a list of Community Reinvestment Act (CRA) performance evaluations. The evaluations cover 26 national banks, federal savings associations, and insured federal branches of foreign banks. [4/7/15]
- Revised Debt Guidelines
The OCC has revised its guidance to banks regarding subordinated debt in order to be consistent with 12 CFR 3. [4/6/15]
