Links in “OCC”
- Februaryâs Line Up
The OCC released its February enforcement actions which show a more positive trend than Januaryâs roll out. [2/23/15]
- Just Use the Formula!
The OCC, FRB, and FDIC launched an automated tool to calculate risk-based capital requirements for securitization exposures in what they are calling the simplified supervisory formula approach. [2/12/15]
- An Update from the OCC: It’s Not 1990 Anymore
The OCC's Comptroller's Handbook got a facelift with March 1990's "Check Credit" booklet being replaced by the new "Deposit-Related Consumer Credit." The update includes guidance on products, selection of third-party organizations, and due diligence. [2/12/15]
- Curry’s Speech to Foreign Agencies & Branches Highlights BSA Importance
A recent speech by the OCC's Curry before the Federal Agencies and Branches Outreach Meeting highlights BSA & OFAC requirements and OCC expectations for a sound, dynamic response to risks. [2/6/15]
- OCC: Easing Regulatory Burdens
The OCC spoke up regarding the regulatory burdens placed on smaller banks and has come up with three proposals, which you can read about here. [2/5/15]
- Closures Due to Adverse Weather
Federal banks and federal savings associations have permission from the Office of the Comptroller of the Currency to close offices that have been impacted by severe weather in the northeast United States. The OCC urges offices to reopen as quickly as possible after the weather subsides in order to meet customer banking needs. [1/27/15]
- Let the CRA Good Times Roll
The OCC released its list of Community Reinvestment Act (CRA) performance evaluations for the period of December 1, 2014, through December 31, 2014, that included 30 covered institutions. Overall ratings assigned were two outstanding and the remaining 28 satisfactory. [1/26/15]
- OCC Rolls Out Its Enforcement Actions
It almost seems like this happens every month⦠[1/19/15]
- Bring Your Regulatory Burdens to Dallas
OCC, the Fed, and the FDIC are hosting their next outreach session on their efforts to reduce the regulatory burden on Feb. 4 in Dallas. Got anything you want to share with them? [1/16/15]
- Two Comptroller Handbook Booklets Get Overhauled
The OCC has been busy with revisions to the Comptroller's Handbook with new replacements for the "Conflicts of Interest" and "Retail Nondeposit Investment Products" booklets. If your institution offers asset management services, better take a look here. If retail nondeposit investment products are more up your alley, go here. [1/15/15]
