OCC: New Bulletin Outlines Key HMDA Data Fields for Full and Partial Reporters
Summary The Office of the Comptroller of the Currency (OCC) is issuing this bulletin (OCC BULLETIN 2019-12) to inform national banks, federal savings associations, and federal branches and agencies (collectively, banks) about key data fields that the OCC has determined examiners will typically use to test and validate the accuracy and reliability of home mortgage loan…
OCC: Second and Third Quarter 2019 CRA Evaluation Schedule Issued
The Office of the Comptroller of the Currency (OCC) today released its schedule of Community Reinvestment Act (CRA) evaluations to be conducted in the second and third quarters of 2019. The OCC encourages public comment on the national banks and federal savings associations scheduled to be evaluated under the CRA, and suggests that comments be…
OCC: Comptroller of the Currency Supports CFPB Proposed Rule on Short-Term Small-Dollar Lending
Comptroller of the Currency Joseph Otting today issued the following statement supporting Director Kathy Kraninger and the Consumer Financial Protection Bureau’s proposed rule rescinding requirements that lenders make certain underwriting determinations before issuing short-term small-dollar loans. On February 6, 2019, the Consumer Financial Protection Bureau took an important and courageous step that will allow banks…
OCC: Grovetta Gardineer Named Senior Deputy Comptroller for Bank Supervision Policy
The Office of the Comptroller of the Currency (OCC) today announced Grovetta Gardineer will become its Senior Deputy Comptroller for Bank Supervision Policy upon the retirement of Grace Dailey on March 2, 2019. “Grovetta brings deep policy experience and passion to this new role and has been an important voice on the OCC’s Executive Committee…
OCC: Agency Promotes Earned Income Tax Credit Awareness Day
To make more eligible working families aware of the benefits of the Earned Income Tax Credit (EITC), the Office of the Comptroller of the Currency is promoting EITC Awareness Day on January 25. “The Earned Income Tax Credit is a valuable tax break that can help the financial outlook of hard-working, American families,” said Comptroller…
Joint Release: Regulators Encourage Institutions to Work with Borrowers Affected by Government Shutdown
Joint press release with: Board of Governors of the Federal Reserve System, Conference of State Bank Supervisors, Federal Deposit Insurance Corporation, National Credit Union Administration, Office of the Comptroller of the Currency Five federal financial institutions regulators and state regulators encourage financial institutions to work with consumers affected by the federal government shutdown. While the effects of the federal government…
OCC: CRA Regulation Revision of Small and Intermediate Small Bank and Savings Association Asset Thresholds
OCC BULLETIN 2019-1 Summary On December 27, 2018, the Office of the Comptroller of the Currency (OCC) published in the Federal Register revisions to its Community Reinvestment Act (CRA) regulations that became effective January 1, 2019. The revisions adjust the asset-size threshold amounts used to define “small bank,” “small savings association,” “intermediate small bank,” and “intermediate…