Federal Reserve Board invites public comment on proposal to extend by 18 months initial compliance dates for foreign banks subject to its single-counterparty credit limit rule

Federal Reserve Board invites public comment on proposal to extend by 18 months initial compliance dates for foreign banks subject to its single-counterparty credit limit rule

Federal Reserve Board invites public comment on proposal to extend by 18 months initial compliance dates for foreign banks subject to its single-counterparty credit limit rule

Read more / Original news source: https://www.federalreserve.gov/newsevents/pressreleases/bcreg20191108a.htm

Kevin Greenfield Named Deputy Comptroller for Operational Risk

The Office of the Comptroller of the Currency (OCC) today announced Kevin Greenfield would become the agency’s Deputy Comptroller for Operational Risk.

The Office of the Comptroller of the Currency (OCC) today announced Kevin Greenfield would become the agency's Deputy Comptroller for Operational Risk.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2019/nr-occ-2019-131.html

Director Kraninger's Speech at CFPB Symposium on Section 1071 of the Dodd-Frank Act

Good morning. I am excited to welcome everyone to today’s symposium on Section 1071 of the Dodd-Frank Act.  

Good morning. I am excited to welcome everyone to today’s symposium on Section 1071 of the Dodd-Frank Act.  

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/director-kraningers-speech-cfpb-symposium-section-1071/

OCC Appoints Receiver for City National Bank of New Jersey, Newark, New Jersey

The Office of the Comptroller of the Currency (OCC) today appointed the Federal Deposit Insurance Corporation (FDIC) as receiver for City National Bank of New Jersey, Newark, New Jersey, a national bank (bank).

The Office of the Comptroller of the Currency (OCC) today appointed the Federal Deposit Insurance Corporation (FDIC) as receiver for City National Bank of New Jersey, Newark, New Jersey, a national bank (bank).

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2019/nr-occ-2019-130.html

OCC Releases CRA Evaluations for 37 National Banks and Federal Savings Associations

The Office of the Comptroller of the Currency (OCC) today released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of October 1, 2019 through October 31, 2019. The list contains only national ban…

The Office of the Comptroller of the Currency (OCC) today released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of October 1, 2019 through October 31, 2019. The list contains only national banks, federal savings associations, and insured federal branches of foreign banks that have received ratings.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2019/nr-occ-2019-129.html

OCC Issues Final Rule to Change Applicability Thresholds for Regulatory Capital and Liquidity Requirements

The Office of the Comptroller of the Currency (OCC) today announced a final rule to tailor capital and liquidity requirements for certain banking organizations with more than $100 billion in total consolidated assets to more closely match their risk pr…

The Office of the Comptroller of the Currency (OCC) today announced a final rule to tailor capital and liquidity requirements for certain banking organizations with more than $100 billion in total consolidated assets to more closely match their risk profiles.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2019/nr-occ-2019-128.html

Federal Reserve Board approves actions by the Boards of Directors of the Federal Reserve Banks of Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Kansas City, and Dallas

Federal Reserve Board approves actions by the Boards of Directors of the Federal Reserve Banks of Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Kansas City, and Dallas

Federal Reserve Board approves actions by the Boards of Directors of the Federal Reserve Banks of Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Kansas City, and Dallas

Read more / Original news source: https://www.federalreserve.gov/newsevents/pressreleases/monetary20191031a.htm

Agencies Announce Threshold for Smaller Loan Exemption from Appraisal Requirements for Higher-Priced Mortgage Loans

The Consumer Financial Protection Bureau, Federal Reserve Board, and Office of the Comptroller of the Currency today announced that the threshold for exempting loans from special appraisal requirements for higher-priced mortgage loans during 2020 will …

The Consumer Financial Protection Bureau, Federal Reserve Board, and Office of the Comptroller of the Currency today announced that the threshold for exempting loans from special appraisal requirements for higher-priced mortgage loans during 2020 will increase from $26,700 to $27,200.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2019/nr-ia-2019-127.html

Agencies announce threshold for smaller loan exemption from appraisal requirements for higher-priced mortgage loans

Agencies announce threshold for smaller loan exemption from appraisal requirements for higher-priced mortgage loans

Agencies announce threshold for smaller loan exemption from appraisal requirements for higher-priced mortgage loans

Read more / Original news source: https://www.federalreserve.gov/newsevents/pressreleases/bcreg20191031a.htm

Agencies announce dollar thresholds in Regulations Z and M for exempt consumer credit and lease transactions

Agencies announce dollar thresholds in Regulations Z and M for exempt consumer credit and lease transactions

Agencies announce dollar thresholds in Regulations Z and M for exempt consumer credit and lease transactions

Read more / Original news source: https://www.federalreserve.gov/newsevents/pressreleases/bcreg20191031b.htm