OCC

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 2025 threshold for higher-priced mortgage loans that are subject to special appraisal requirements will increase from $32,400 to $33,500. The threshold amount will be effective January 1, 2025, and is based on the…

Federal and State Financial Regulatory Agencies Issue Interagency Statement on Supervisory Practices Regarding Financial Institutions Affected by Hurricane Helene

The Federal Deposit Insurance Corporation, the Federal Reserve Board, the National Credit Union Administration, the Office of the Comptroller of the Currency, and state financial regulators, collectively the agencies, recognize the serious impact of Hurricane Helene on the customers and operations of many financial institutions and will provide appropriate regulatory assistance to affected institutions subject…

OCC: Bank Supervision Operating Plan for Fiscal Year 2025 Released

The Office of the Comptroller of the Currency (OCC) today released its bank supervision operating plan for fiscal year (FY) 2025. The plan outlines the OCC’s supervision priorities and objectives for the year. It also facilitates the implementation of supervisory strategies for individual national banks, federal savings associations, federal branches and agencies of foreign banking…

OCC: CRA Evaluations for 21 National Banks and Federal Savings Associations Released

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 September 1, 2024, through September 30, 2024. The list contains only national banks, federal savings associations, and insured federal branches of foreign banks that have received ratings. The…

OCC: Acting Comptroller Discusses Financial Inclusion

Acting Comptroller of the Currency Michael J. Hsu today discussed the importance of financial inclusion in remarks at the Inclusive Finance for Development: 15 Years of Impact event in New York City hosted by United Nations Secretary-General’s Special Advocate for Inclusive Finance for Development. In his remarks, Acting Comptroller Hsu discussed how people-centered metrics on…

OCC: Mortgage Performance Report for Second Quarter 2024 Released

The Office of the Comptroller of the Currency (OCC) reported on the performance of first-lien mortgages in the federal banking system during the second quarter of 2024. The OCC Mortgage Metrics Report, Second Quarter 2024 showed that 97.3 percent of mortgages included in the report were current and performing at the end of the quarter, a decrease…

OCC: Final Rule and Policy Statement on Bank Mergers Approved

The Office of the Comptroller of the Currency (OCC) today approved a final rule updating its regulations for business combinations involving national banks and federal savings associations and a policy statement clarifying its review of applications under the Bank Merger Act (BMA). The final rulemaking is part of the OCC’s effort to enhance transparency around…

Agencies Extend Comment Period on Request for Information on Bank-Fintech Arrangements

The federal bank regulatory agencies announced today that they will extend until October 30, 2024, the comment period on a request for information on bank-fintech arrangements involving banking products and services. The agencies are seeking input on the nature and implications of bank-fintech arrangements and effective risk management practices. Extending the comment period will allow…

OCC: Minority Depository Institutions Advisory Committee Meeting Scheduled for September 24th

The Office of the Comptroller of the Currency (OCC) today announced it will host a public meeting of the Minority Depository Institutions Advisory Committee (MDIAC) on Tuesday, September 24, 2024. The meeting, which will be hosted in person and virtually, is open to the public and will begin at 8:30 a.m. Eastern Daylight Time (EDT)….

OCC: CRA Evaluations for 17 National Banks and Federal Savings Associations Released

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 August 1, 2024, through August 31, 2024. The list contains only national banks, federal savings associations, and insured federal branches of foreign banks that have received ratings. The…