OCC publishes updated UDAAP booklet

The FDIC released guidance with steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Hawaii affected by low-weather systems.

The OCC is proposing to rescind regulatory language tied to diversity efforts and credit risk retention as part of President Trump’s Department of Government Efficiency initiative.

The Treasury Department announced it has begun a review of certified community development financial institutions to identify potential legal violations or violations of CDFI requirements.

A recent proposal by the Federal Reserve to remove reputation risk from its bank supervision will enhance objectivity and allow the central bank to focus resources on material risks to the financial condition of a firm, ABA said.

The Senate Banking Committee is scheduled to vote on Wednesday to advance the nomination of Kevin Warsh to be Federal Reserve chairman, with a key Republican committee member having dropped his opposition to the vote.

The OCC’s interim final order confirms that federal law preempts the IFPA, expressly providing that national banks and federal savings associations are neither subject to nor required to comply with this state law.