OCC Releases CRA Evaluations for 21 National Banks and Federal Savings Associations

News Release 2020-88 | July 2, 2020 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of June 1, 2020 through June 30, 2020. The list contains only national banks, federal savings associations, and insured federal […]

CFPB, OCC Host Virtual Innovation Office Hours

News Release 2020-87 | July 2, 2020 Share This Page: Joint Release Consumer Financial Protection BureauOffice of the Comptroller of the Currency The Consumer Financial Protection Bureau (CFPB) and the Office of the Comptroller of the Currency (OCC) today announced they will host joint, virtual Innovation Office Hours, July 29-30, as part of the American Consumer […]

OCC Reports First Quarter 2020 Bank Trading Revenue

News Release 2020-85 | June 26, 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 $6.7 billion in the first quarter 2020, which was $505.0 million, or 7.0 percent, less than the previous quarter. In the report, Quarterly Report on […]

Agencies Release Proposed Revisions to Interagency Questions and Answers Regarding Flood Insurance

News Release 2020-84 | June 26, 2020 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemFarm Credit AdministrationFederal Deposit Insurance CorporationNational Credit Union AdministrationOffice of the Comptroller of the Currency WASHINGTON—Five federal regulatory agencies today requested public comment on new and revised Interagency Questions and Answers Regarding Flood Insurance. The Interagency Questions […]

Agencies Finalize Amendments to Swap Margin Rule

News Release 2020-83 | June 25, 2020 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemFarm Credit AdministrationFederal Deposit Insurance CorporationFederal Housing Finance AgencyOffice of the Comptroller of the Currency Five federal agencies have finalized changes to their swap margin rule to facilitate the implementation of prudent risk management strategies at banks […]

Financial Regulators Modify Volcker Rule

News Release 2020-82 | June 25, 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 regulatory agencies today finalized a rule modifying the Volcker rule’s prohibition on banking entities investing in or sponsoring hedge […]

Agencies Release List of Distressed or Underserved Nonmetropolitan Middle-Income Geographies

News Release 2020-81 | June 24, 2020 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationOffice of the Comptroller of the Currency The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency today announced the availability […]

Federal and State Regulatory Agencies Issue Examiner Guidance for Assessing Safety and Soundness Considering the Effect of the COVID-19 Pandemic on Financial Institutions

News Release 2020-80 | June 23, 2020 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationNational Credit Union AdministrationOffice of the Comptroller of the CurrencyState Financial Regulators The four federal agencies in conjunction with the state bank and credit union regulators today issued examiner guidance to promote consistency and […]

OCC Interim Final Rule Reduces Assessments in Response to COVID-19

News Release 2020-79 | June 22, 2020 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today approved an interim final rule (IFR) that will reduce assessments due to be paid to the OCC on September 30, 2020. The OCC is providing this relief in response to the impact of the national emergency […]

OCC Reports Mortgage Performance Remains Stable

News Release 2020-78 | June 16, 2020 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) reported the performance of first-lien mortgages in the federal banking system remained stable during the first quarter of 2020. The OCC Mortgage Metrics Report, First Quarter 2020 showed 96.5 percent of mortgages included in the report were […]