Trade groups back OCC: Some crypto actions within scope of traditional banking
Withdrawing OCC cryptocurrency interpretive letters won’t benefit consumers and investors or promote a safe and secure marketplace, ABA says.
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Trade groups: Proposed CRA changes do not accomplish modernization goals
The American Bankers Association and 51 state banking associations submitted comments today on the banking agencies’ proposed overhaul of the Community Reinvestment Act regulations, saying said that while they support the effort in principle, there were multiple flaws in the proposed rule that ultimately worked against the agencies’ stated goals.
OCC seeks comment on FFIEC’s cybersecurity assessment tool renewal
The voluntary information collection resource was created to assist financial institutions in assessing their inherent cyber risks.
OCCs Hsu gives banks high marks on mitigating cyber risk, but says there’s more to do
The financial services sector has done “a good job” so far of building cyber defenses and working with law enforcement and the regulatory community to guard against attacks, but there’s more work to be done, said Acting Comptroller of the Currency Michael J. Hsu today during remarks to financial services groups.
OCC report: Mortgage performance improves in first quarter
The OCC Mortgage Metrics Report showed that 96.9% of mortgages were current and performing at the end of the quarter, compared to 94.2% a year earlier.
OCC announces changes to executive committee membership
The OCC announced several key changes to its executive committee membership.
OCC risk report: Banks well-positioned for economic headwinds
This year’s spring report presents data in five main areas: operations, bank performance, special topics, trends in key risks and supervisory actions.
OCC’s Hsu: Time to update bank merger analysis frameworks
Hsu said frameworks for analyzing bank mergers need updating, but a merger moratorium would prevent deals that increase competition, better serve communities better, and enhance resiliency.
Agencies propose highly anticipated CRA overhaul
The Federal Reserve, FDIC and OCC issued a much-anticipated joint notice of proposed rulemaking to modernize regulations implementing the Community Reinvestment Act.
OCC’s Hsu continues call for stablecoin standards
Acting Comptroller of the Currency Michael Hsu advocated for stablecoin technical standards today during an event focused on artificial intelligence and the economy.