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 and second quarters of 2024. The OCC encourages public comment on the national banks and federal savings associations (collectively, banks) scheduled to be evaluated under the CRA. Public comments should […]
Category Archives: Office of the Comptroller of the Currency
Agencies Extend Comment Period on Proposed Rule to Require Large Banks to Maintain Long-term Debt
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OCC Announces Enforcement Actions for November 2023
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released enforcement actions taken against national banks, federal savings associations, and individuals currently and formerly affiliated with national banks and federal savings associations. The OCC uses enforcement actions against its supervised institutions to require the board of directors and management to take timely actions to […]
Registration Open for OCC Symposium on the Tokenization of Real-World Assets and Liabilities
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced that registration is open for its symposium on the tokenization of real-world assets and liabilities on February 8, 2024, at its headquarters in Washington, D.C. The symposium will include panel discussions among thought leaders, academics, community groups, and the banking industry on tokenization and […]
Agencies Announce Dollar Thresholds for Smaller Loan Exemption from Appraisal Requirements for Higher-priced Mortgage Loans
The Consumer Financial Protection Bureau, the Federal Reserve Board, and the Office of the Comptroller of the Currency today announced that the 2024 threshold for whether higher-priced mortgage loans are subject to special appraisal requirements will increase from $31,000 to $32,400. The threshold amount will be effective January 1, 2024, and is based on the […]
Acting Comptroller Issues Statement at Financial Stability Oversight Council Meeting on Nonbank Designations Guidance
WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today issued the following at the Financial Stability Oversight Council (FSOC) meeting: Thank you, Madam Secretary, for your leadership of the Council on this issue. I strongly support the adoption of the Nonbank Designations Guidance and analytic framework. The Dodd-Frank Act provides the Council with a number […]
Acting Comptroller Issues Statements at FDIC Board Meeting on CRA and Climate-Related Financial Risk Management
WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today issued statements at the Federal Deposit Insurance Corporation Board Meeting in support of rulemakings on the Community Reinvestment Act (CRA) and the finalization of interagency principles for climate-related financial risk management for large banks. In his remarks, Mr. Hsu discussed how modernizing and strengthening the CRA […]
Agencies Issue Principles for Climate-Related Financial Risk Management for Large Financial Institutions
Federal bank regulatory agencies today jointly finalized principles that provide a high-level framework for the safe and sound management of exposures to climate-related financial risks for large financial institutions. The principles are consistent with the risk management framework described in the agencies’ existing rules and guidance. The principles are intended for the largest financial institutions, […]
Agencies Issue Final Rule to Strengthen and Modernize Community Reinvestment Act Regulations
Federal bank regulatory agencies today jointly issued a final rule to strengthen and modernize regulations implementing the Community Reinvestment Act (CRA) to better achieve the purposes of the law. The CRA is a landmark law enacted nearly 50 years ago to encourage banks to help meet the credit needs of their entire communities, especially in […]
Agencies Extend Comment Period on Proposed Rules to Strengthen Large Bank Capital Requirements
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