Comptroller Submits Written Statement on the Condition of the Federal Banking System, Regulatory Priorities

News Release 2019-143 | December 4, 2019 Share This Page: WASHINGTON—Comptroller of the Currency Joseph Otting today submitted the attached written statement on the condition of the federal banking system and progress made to achieve the agency’s regulatory priorities to the House Committee on Financial Services. The statement was submitted in lieu of participating in the […]

Federal Regulators Issue Joint Statement on the Use of Alternative Data in Credit Underwriting

News Release 2019-142 | December 3, 2019 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemConsumer Financial Protection BureauFederal Deposit Insurance CorporationOffice of Comptroller of the CurrencyNational Credit Union Administration WASHINGTON – Five federal financial regulatory agencies today issued a joint statement on the use of alternative data in underwriting by banks, […]

Agencies Clarify Requirements for Providing Financial Services to Hemp-Related Businesses

News Release 2019-141 | December 3, 2019 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationFinancial Crimes Enforcement NetworkOffice of Comptroller of the CurrencyConference of State Bank Supervisors WASHINGTON—Four federal agencies in conjunction with the state bank regulators today issued a statement clarifying the legal status of hemp growth […]

OCC Issues First and Second Quarter 2020 CRA Evaluation Schedule

News Release 2019-140 | November 26, 2019 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released its schedule of Community Reinvestment Act (CRA) evaluations to be conducted in the first quarter and second quarter 2020. The OCC encourages public comment on the national banks and federal savings associations scheduled to be […]

OCC Reduces 2020 Assessments on National Banks and Federal Savings Associations

News Release 2019-139 | November 25, 2019 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) is reducing the rates in all fee schedules by 10 percent for the 2020 calendar year. The 2020 reduction is in addition to the 10-percent reduction in the General Assessment Fee Schedule rates that the OCC implemented […]

OCC Supports Minority Depository Institutions, Deputy Comptroller Testifies

News Release 2019-137 | November 20, 2019 Share This Page: WASHINGTON—Deputy Comptroller for the Northeastern District Beverly Cole today described agency efforts to support minority depository institutions. Her remarks came during testimony before the Subcommittee on Consumer Protection and Financial Institutions of the House Committee on Financial Services. Related Links Media Contact Bryan Hubbard(202) 649-6870

Federal Bank Regulatory Agencies Finalize Rule to Update Calculation of Counterparty Credit Risk for Derivative Contracts

News Release 2019-136 | November 19, 2019 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationOffice of Comptroller of the Currency Three federal bank regulatory agencies on Tuesday jointly announced a final rule updating how certain banking organizations are required to measure counterparty credit risk for derivative contracts under […]

Agencies Finalize Changes to Supplementary Leverage Ratio as Required by Economic Growth, Regulatory Relief, and Consumer Protection Act

News Release 2019-135 | November 19, 2019 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationOffice of the Comptroller of the Currency The federal bank regulatory agencies have finalized changes to a capital requirement for banking organizations predominantly engaged in custodial activities, as required by the Economic Growth, Regulatory […]

Federal Bank Regulatory Agencies Issue Final Rule on Treatment of High Volatility Commercial Real Estate

News Release 2019-134 | November 19, 2019 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationOffice of the Comptroller of the Currency WASHINGTON—Three federal bank regulatory agencies finalized a rule to modify the treatment of high volatility commercial real estate (HVCRE) exposures as required by the Economic Growth, Regulatory […]

Comptroller Acts to Promote the Safe, Sound, and Fair Operation of the Federal Banking System

News Release 2019-133 | November 19, 2019 Share This Page: WASHINGTON—The Comptroller of the Currency today approved the following interagency final rules to promote the safe, sound, and fair operation of the federal banking system. The final rules will be published in the Federal Register after adoption by the Federal Deposit Insurance Corporation and the Board […]