June 2020 – US Bank Regulatory News

Federal Reserve Board issues enforcement action with Benchmark Community Bank and announces the termination of enforcement action with Peoples Bank

Federal Reserve Board announces that it is seeking individuals to serve on its Insurance Policy Advisory Committee

Read more / Original news source: https://www.federalreserve.gov/newsevents/pressreleases/bcreg20200629a.htm

Federal Reserve Board releases new term sheet for the Primary Market Corporate Credit Facility, adding pricing and other information

Read more / Original news source: https://www.federalreserve.gov/newsevents/pressreleases/monetary20200629a.htm

OCC Highlights Key Risks for Federal Banking System

The Office of the Comptroller of the Currency (OCC) today reported the key issues facing the federal banking system and the effects of the COVID-19 pandemic on the federal banking industry in its Semiannual Risk Perspective for Spring 2020.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-86.html

CFPB Announces Tech Sprints To Empower Consumers, Reduce Regulatory Burden

The Consumer Financial Protection Bureau (Bureau) announced the Bureau’s first-ever Tech Sprint series to reduce regulatory burden and improve consumer understanding and engagement of financial services and products.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/tech-sprints/

OCC Reports First Quarter 2020 Bank Trading Revenue

The Office of the Comptroller of the Currency (OCC) reported trading revenue of U.S. commercial banks and federal savings associations of $6.7 billion in the first quarter 2020, which was $505.0 million, or 7.0 percent, less than the previous quarter.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-85.html