OCC Names Climate Change Risk Officer, Joins Network for Greening Financial System
The OCC today announced that Darrin Benhart has been tapped to serve as climate change risk officer at the agency,...
Policy
Financial Trades: 36% Fee and Rate Cap Could Constrain Credit
A coalition of financial trade groups including ABA today urged Senate Banking Committee members to reject any legislative proposal that...
White House Announces New COVID-19 Relief Measures for Homeowners
As more borrowers exit COVID-19 forbearance programs, the Biden administration today announced several new relief measures designed to help mortgage...
Agencies Signal Joint Community Reinvestment Act Overhaul to Come
Acting Comptroller of the Currency Michael Hsu today announced that his agency will propose to rescind changes to the Community...
FDIC Proposes to Simplify Deposit Rules for Trusts, MSAs
The FDIC board today approved a proposal to simplify the deposit insurance rules for deposits of trusts and mortgage servicing...
SBA Offers Guidance on Purchase, Charge-Off for Certain PPP Loans
The Small Business Administration has issued a procedural notice on how lenders can apply for SBA to purchase and charge...
ABA Highlights Need for Clarity, Consistency Regarding Digital Assets
As consumers increasingly buy, hold and sell digital assets, the American Bankers Association told the FDIC today that these individuals...
OCC to Expand Regional Efforts for Project REACh
As the OCC observes the one-year anniversary of Project REACh—an initiative bringing together a broad range of stakeholders to address...
Fed Chairman ‘Undecided’ about Merits of Central Bank Digital Currency
Testifying before the Senate Banking Committee today, Federal Reserve Chairman Jerome Powell said that he is “legitimately undecided about whether...
CFTC Staff Issue Statement on Libor Transition
In a joint statement today, the Commodities Futures Trading Commission’s Market Participants Division and Division of Market Oversight emphasized to...
