Browsing: OCC

Newsbytes

The OCC this week issued a bulletin to inform banks and examiners that the loan origination threshold for reporting Home Mortgage Disclosure Act data on closed-end mortgage loans has changed due to a recent court decision.

Newsbytes

The most effective way to successfully fix issues at a bank that is “too large to manage” is to simplify by divesting businesses, curtailing operations and reducing complexity, Acting Comptroller of the Currency Michael Hsu said this week, adding that regulators must have “credible, transparent mechanisms” to compel those divestments when necessary.

Newsbytes

The federal banking system remains resilient despite a recent dip in profitability as pandemic-related economic aid phased out, with banks able to use that strength to support their customers and the national economy, the OCC said this week in its annual report to Congress.

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Events of the past year have highlighted several key risks posed by cryptoassets that banks should consider if they wish to offer crypto-related services, the Federal Reserve, FDIC and the Office of the Comptroller of the Currency said today in a joint statement.

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Federal efforts to gauge how well large banks are prepared to handle climate change risks will differ from traditional stress tests in that they are not about capital, representatives from the Office of the Comptroller of the Currency and Federal Housing Finance Agency said Tuesday.

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