Nichols Urges Industry-Wide Calling Campaign to Oppose Tax Reporting Provision
In remarks at ABA’s Annual Convention in Tampa today, ABA President and CEO Rob Nichols…
Browsing: OCC
OCC: Mortgage Performance Improves in Second Quarter
The share of current and performing first-lien mortgages in the second quarter of 2021 was 95%, up from 91.1% a year ago, the first full quarter of the COVID-19 pandemic, according to the Mortgage Metrics Report released by the OCC today.
ABA Raises Concerns about OCC Nominee’s Views on Bank Policy
President Biden yesterday announced that he will nominate Saule Omarova to serve as comptroller of the currency.
OCC’s Hsu: Regulatory Coordination Needed to Ensure Level Playing Field
In remarks at an industry event today, Acting Comptroller of the Currency Michael Hsu called for coordination between regulatory agencies to address the significant changes that are taking place in the banking industry, particularly those related technology, payments and the rise of cryptocurrencies and decentralized finance.
OCC’s Hsu: Improving CRA Is Urgent
Acting Comptroller of the Currency Michael Hsu said he “feels the urgency” to modernize the Community Reinvestment Act regulations as soon as possible.
Fed’s Bowman and OCC’s Hsu to Address Virtual ABA GRC Fall Meeting
Federal Reserve Board Governor Michelle Bowman and Acting Comptroller of the Currency Michael Hsu will address ABA’s virtual Government Relations Council fall meeting on Sept. 9.
OCC Details SBA Lending Program Risks
The OCC today issued a bulletin for community banks engaged in Small Business Administration lending activities.
OCC Issues Supplemental Exam Procedures on Remittance Transfers
The OCC this week issued supplemental exam procedures on remittance transfers.
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, a newly created position focused on promoting climate change risk management at banks.
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 Reinvestment Act regulations that were finalized in May 2020, and signaled the OCC’s intent to work together with the Federal Reserve and the FDIC on a separate joint rulemaking to overhaul the CRA framework.