OCC’s Noreika: Arbitrary Thresholds Serve as Competitive Barriers
Arbitrary asset thresholds “often have the perverse effect of acting as competitive barriers,” and prevent banks from scaling organically, said...
Compliance and Risk
Is Your Bank Ready for New Model Risk Guidance?
Banks that adopt a thoughtful, staged approach to implementation are most likely to succeed.
Arbitration Rule to Raise Cost of Credit 25 Percent, OCC Study Finds
The OCC has conducted a study finding that the Consumer Financial Protection Bureau’s arbitration rule is likely to increase the...
Sens. Perdue, McCaskill Introduce Bill Reforming SIFI Designation
Sens. David Perdue (R-Ga.) and Claire McCaskill (D-Ga.) today introduced an ABA-backed bill that would give the Federal Reserve flexibility...
Fed, FDIC Extend Deadline for Living Wills
The Federal Reserve and the FDIC today extended the deadline for eight of the largest U.S. banks to file their...
HMDA Data Show Mortgage Originations Up 13 Percent in 2016
The Federal Financial Institutions Examination Council today released the 2016 Home Mortgage Disclosure Act data on mortgage lending transactions at...
OCC Flags Supervision Priorities for 2018
The OCC today released its bank supervision operating plan for fiscal year 2018, identifying what each of the agency’s supervisory...
ABA Supports Creation of Database of Reassigned Phone Numbers
In a comment letter to the Federal Communications Commission yesterday, ABA expressed support for the creation of a centrally administered...
FinCEN Should Direct the FCA to Enforce the Bank Secrecy Act
Is the Farm Credit System subject to FinCEN’s final rule on beneficial ownership with respect to customer due diligence requirements?
Agencies Issue Regulatory Capital Simplification Proposal
The federal banking agencies today issued a proposed rule that would simplify the complex Basel III regulatory capital calculations for...
