Agencies Issue Revised Interagency Statement on Loan Modifications by Financial Institutions Working with Customers Affected by the Coronavirus

News Release 2020-50 | April 7, 2020 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemConsumer Financial Protection BureauFederal Deposit Insurance CorporationNational Credit Union AdministrationOffice of the Comptroller of the Currency The federal financial institution regulatory agencies (the agencies), in consultation with state financial regulators, issued a revised interagency statement encouraging financial […]

Agencies Announce Changes to the Community Bank Leverage Ratio

News Release 2020-49 | April 6, 2020 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 today announced the issuance of two interim final rules to provide temporary relief to community banking organizations. The agencies are acting to […]

Federal Agencies Encourage Mortgage Servicers to Work With Struggling Homeowners Affected by COVID-19

News Release 2020-48 | April 3, 2020 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemConference of State Bank SupervisorsConsumer Financial Protection BureauFederal Deposit Insurance CorporationNational Credit Union AdministrationOffice of the Comptroller of the Currency The federal financial institution regulatory agencies and the state financial regulators issued a joint policy statement providing […]

Agencies Will Consider Comments on Volcker Rule Modifications Following Expiration of Comment Period

News Release 2020-47 | April 2, 2020 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemCommodity Futures Trading CommissionFederal Deposit Insurance CorporationOffice of the Comptroller of the CurrencySecurities and Exchange Commission Five federal financial regulatory agencies on Thursday announced that they will consider comments submitted before May 1, 2020, on their proposal […]

OCC Reports Fourth Quarter 2019 Bank Trading Revenue

News Release 2020-45 | March 30, 2020 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) reported trading revenue of U.S. commercial banks and federal savings associations of $7.2 billion in the fourth quarter 2019, which was $4.0 million, or 0.1 percent, less than the previous quarter. In the report, Quarterly Report on […]

OCC Hosts Mutual Savings Association Advisory Committee Meeting April 21 Via Teleconference

News Release 2020-44 | March 30, 2020 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced it will host a public meeting of the Mutual Savings Association Advisory Committee (MSAAC) on Tuesday, April 21, 2020, via teleconference. The teleconference is open to the public and will begin at 10:00 a.m. Eastern […]

Statement of the Comptroller of the Currency on the Enactment of the Nation’s Stimulus Package

News Release 2020-43 | March 27, 2020 Share This Page: WASHINGTON—Comptroller of the Currency Joseph M. Otting today made the following statement following passage and enactment of the CARES Act to support the nation’s response to COVID-19. I commend Congress for passing and the President for signing this important legislation that will provide much needed support […]

Agencies Announce Two Actions to Support Lending to Households and Businesses

News Release 2020-42 | March 27, 2020 Share This Page: Joint Release Board of Governors of the Federal ReserveFederal Deposit Insurance CorporationOffice of the Comptroller of the Currency The federal bank regulatory agencies today announced two actions to support the U.S. economy and allow banking organizations to continue lending to households and businesses: Allowing early adoption […]

Statement of the Comptroller of the Currency on the Condition of the Federal Banking System and the Response to COVID-19

News Release 2020-41 | March 26, 2020 Share This Page: WASHINGTON—Comptroller of the Currency Joseph M. Otting made the following statement during today’s Financial Stability Oversight Council meeting regarding the condition of the federal banking system and its response to the COVID-19 national emergency. Thank you, Mr. Secretary, for convening FSOC and the work done by […]

Federal Agencies Encourage Banks, Savings Associations and Credit Unions to Offer Responsible Small-Dollar Loans to Consumers and Small Businesses Affected by COVID-19

News Release 2020-40 | March 26, 2020 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemConsumer Financial Protection BureauFederal Deposit Insurance CorporationNational Credit Union AdministrationOffice of the Comptroller of the Currency Five federal financial regulatory agencies today issued a joint statement encouraging banks, savings associations and credit unions to offer responsible small-dollar […]