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 […]
Category Archives: Office of the Comptroller of the Currency
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 […]
OCC Hosts Mutual Savings Association Advisory Committee Meeting June 29 Via Webinar
News Release 2020-77 | June 8, 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 Monday, June 29, 2020, via webinar. The teleconference is open to the public and will begin at 1:00 p.m. Eastern […]
OCC Requests Comment on Proposal to Update Activities and Operations Rules and its Rules on Digital Activities
News Release 2020-76 | June 4, 2020 Share This Page: WASHINGTON–The Office of the Comptroller of the Currency (OCC) today released two issuances for public comment. The OCC published a Notice of Proposed Rulemaking (NPR) for public comment to update its rules for national bank and federal savings association activities and operations. The agency also released […]
Agencies Issue Host State Loan-to-Deposit Ratios
News Release 2020-75 | June 2, 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 issued the host […]
OCC Releases CRA Evaluations for 17 National Banks and Federal Savings Associations
News Release 2020-74 | June 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 May 1, 2020 through May 31, 2020. The list contains only national banks, federal savings associations, and insured federal […]
OCC Sounds Warning About Effects of COVID-19 ‘Lockdowns’ on Banking System
News Release 2020-73 | June 1, 2020 Share This Page: WASHINGTON, D.C.—Acting Comptroller of the Currency Brian P. Brooks today expressed concerns about the effects of regional and local responses to COVID-19 on the federal banking system. In letters to the National League of Cities, the U.S. Conference of Mayors, and the National Association of Governors, […]
OCC Issues Rule to Clarify Permissible Interest on Transferred Loans
News Release 2020-71 | May 29, 2020 Share This Page: WASHINGTON, D.C.—The Office of the Comptroller of the Currency (OCC) today finalized a rule to clarify that when a national bank or savings association sells, assigns, or otherwise transfers a loan, interest permissible before the transfer continues to be permissible after the transfer. Loan transfers help […]