The OCC today proposed its approach to determining Community Reinvestment Act evaluation measure benchmarks, retail lending distribution test thresholds and community development minimums under the new general performance standards outlined in the CRA final rule issued earlier this year.
The OCC today finalized changes to its rules for national bank and federal savings association activities, operations and corporate governance to ensure that they can continue to meet the shifting needs of consumers, businesses and communities.
The OCC Friday afternoon proposed a rule stating that banks should provide access to services, capital and credit based on their risk assessment of individual customers and not make broad-based decisions that affect whole categories or classes of customers.
The Federal Reserve, the OCC and the FDIC late Friday released an interagency paper outlining sound practices for strengthening operational resilience.
The OCC today issued a long-awaited final rule establishing a “clear test” to determine when a bank making a loan is considered the “true lender” in the context of a partnership between a bank and a third party.
As the OCC’s revised Community Reinvestment Act rules took effect today, the OCC issued several compliance resources including a small bank compliance guide, an initial illustrative list of qualifying CRA activities and a form that banks and stakeholders can use to request the addition of an item to the list of qualifying activities.
The American Bankers Association today said it has “serious concerns” about the OCC’s intention to issue a payments charter that would allow non-depository institutions to access the payments system.
The share of current and performing first-lien mortgages in the second quarter of 2020 was 91.1%, down from 96.1% a year ago, according to the Mortgage Metrics Report released by the OCC today.
In an interpretive letter, the OCC gave institutions under its supervision the greenlight to hold deposits that serve as reserves for “stablecoins.”
The OCC today proposed changes to its rules for national bank and federal savings association activities and operations to ensure that they can continue to meet the shifting needs of consumers, businesses and communities.