News Release 2020-60 | May 8, 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 Currency Four federal financial regulatory agencies have approved a policy statement on allowances for credit losses. The statement will promote consistency in the interpretation and […]
Category Archives: Office of the Comptroller of the Currency
Federal Bank Regulatory Agencies Modify Liquidity Coverage Ratio For Banks Participating in Money Market Mutual Fund Liquidity Facility and Paycheck Protection Program Liquidity Facility
News Release 2020-59 | May 5, 2020 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationOffice of the Comptroller of the Currency To support the flow of credit to households and businesses, the federal bank regulatory agencies today announced an interim final rule that modifies the agencies’ Liquidity Coverage […]
OCC Releases CRA Evaluations for 20 National Banks and Federal Savings Associations
News Release 2020-58 | May 1, 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 April 1, 2020 through April 30, 2020. The list contains only national banks, federal savings associations, and insured federal […]
Blake Paulson Named OCC’s Next Chief National Bank Examiner
News Release 2020-57 | April 16, 2020 Share This Page: WASHINGTON—Comptroller of the Currency Joseph M. Otting announced that Blake Paulson would become the agency’s Chief National Bank Examiner at the end of the month. Mr. Paulson will add the title to his current role as Senior Deputy Comptroller for Midsize and Community Bank Supervision. In […]
Comptroller of the Currency Statement on FFIEC BSA/AML Manual
News Release 2020-55 | April 15, 2020 Share This Page: WASHINGTON—Comptroller of the Currency Joseph M. Otting today issued the following statement regarding the publication of the Federal Financial Institutions Examination Council (FFEIC) Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual. Today, the FFIEC agencies published updates to the BSA/AML Examination Manual that represent a significant step […]
Federal Banking Agencies to Defer Appraisals and Evaluations for Real Estate Transactions Affected by COVID-19
News Release 2020-54 | April 14, 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 banking agencies today issued an interim final rule to temporarily defer real estate-related appraisals and evaluations under the agencies’ […]
OCC Announces Paycheck Protection Program Listening Sessions
News Release 2020-53 | April 14, 2020 Share This Page: The Office of the Comptroller of the Currency (OCC) today announced that its Office of Innovation will host three listening sessions on April 16, 20, and 21, to discuss issues and potential solutions relating to the Paycheck Protection Program (PPP) as established by the Coronavirus Aid, […]
Comptroller of the Currency Thanks Stakeholders for Comments on the Proposal to Modernize Community Reinvestment Act Regulations
News Release 2020-52 | April 9, 2020 Share This Page: WASHINGTON—Comptroller of the Currency Joseph M. Otting today issued the following statement thanking stakeholders for their comments on the proposal to strengthen and modernize the regulatory framework implementing the Community Reinvestment Act. I want to thank all of the stakeholders who have submitted more than 7,400 […]
Federal Bank Regulators Issue Interim Final Rule for Paycheck Protection Program Facility
News Release 2020-51 | April 9, 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 an interim final rule to encourage lending to small businesses through the Small Business Administration’s Paycheck Protection Program, or PPP. […]
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 […]