OCC

OCC: CRA Evaluations for 16 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 January 1, 2018 through January 31, 2018.  The list contains only national banks, federal savings associations, and insured federal branches of foreign banks that have received ratings.  The…

February 7, 2018 CRA Examinations

OCC: Inaugural Listening Session and Innovation Office Hours Announced for Chicago

The Office of the Comptroller of the Currency (OCC) today announced the date and location for its upcoming Innovation Office Hours and inaugural Listening Session. Office Hours are one-on-one meetings with OCC officials to discuss financial technology, new products or services, partnering with a bank or fintech company, or other matters related to financial innovation….

February 5, 2018 Industry News

OCC: Supporting Earned Income Tax Credit Awareness Day

The Office of the Comptroller of the Currency wants more eligible working families to benefit from the Earned Income Tax Credit (EITC) and is promoting EITC Awareness Day on January 26, 2018. “EITC Awareness Day is an important opportunity to educate the American public, and in particular, workers with and low and moderate incomes, about…

January 26, 2018 Industry News

Interagency Statement: Agencies to Give Favorable CRA Consideration to Revitalization Activities in Disaster Areas Affected by Hurricane Maria

OCC Statement FDIC Statement Federal Reserve Statement The federal bank regulatory agencies today announced they will give favorable consideration under Community Reinvestment Act (CRA) regulations to institutions that are located outside of the U.S. Virgin Islands and Puerto Rico, which were designated as major disaster areas in the aftermath of Hurricane Maria, for bank activities…

January 25, 2018 Industry News

OCC: CRA Evaluations for 15 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 December 1, 2017 through December 31, 2017.  The list contains only national banks, federal savings associations, and insured federal branches of foreign banks that have received ratings.  The…

January 4, 2018 CRA Examinations

Interagency Guidance: 2018 Annual CRA Asset-Size Threshold Adjustments Released

FDIC Release Federal Reserve Release OCC Release The federal bank regulatory agencies today announced the annual adjustment to the asset-size thresholds used to define small bank, small savings association, intermediate small bank, and intermediate small savings association under the Community Reinvestment Act (CRA) regulations. The annual adjustments are required by the CRA rules. Financial institutions…

December 21, 2017 Regulatory Updates

Interagency Guidance: Examiner Guidance for Institutions Affected by Major Disasters Released

Printable Format: FDIC FIL-62-2017 – PDF (PDF Help) OCC Bulletin 2017-61 Federal Reserve SR 17-14 Summary: The federal financial institution regulatory agencies, in consultation with the Conference of State Bank Supervisors, have jointly issued the attached guidance outlining the supervisory practices to be followed in assessing the financial condition of insured depository institutions and branches and…

December 15, 2017 Disaster Relief

OCC: CRA Evaluations for 29 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 November 1, 2017 through November 30, 2017.  The list contains only national banks, federal savings associations, and insured federal branches of foreign banks that have received ratings.  The…

December 5, 2017 CRA Examinations

OCC: First and Second Quarter 2018 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 first and second quarters of 2018. 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…

November 28, 2017 CRA Examinations

OCC: Joseph M. Otting Takes Office as the 31st Comptroller of the Currency

Joseph M. Otting today became the 31st Comptroller of the Currency, after being sworn into office by Secretary of the Treasury Steven T. Mnuchin and being confirmed by the U.S. Senate on November 16, 2017. President Donald Trump nominated Mr. Otting in June 2017. The U.S. Senate confirmed him on November 16, 2017. Mr. Otting…

November 27, 2017 Industry News