Month: November 2020

OCC Proposes Rule Regarding the CRA General Performance Standards

The Office of the Comptroller of the Currency (OCC) today invited comment on a notice of proposed rulemaking regarding the Community Reinvestment Act’s (CRA) general performance standards.

The Office of the Comptroller of the Currency (OCC) today invited comment on a notice of proposed rulemaking regarding the Community Reinvestment Act’s (CRA) general performance standards.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-160.html

OCC Assesses $250 Million Civil Money Penalty Against JPMorgan Chase Bank, N.A.

The Office of the Comptroller of the Currency (OCC) today assessed a $250 million civil money penalty against JPMorgan Chase Bank, N.A.

The Office of the Comptroller of the Currency (OCC) today assessed a $250 million civil money penalty against JPMorgan Chase Bank, N.A.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-159.html

Federal Reserve Board announces termination of enforcement action with Florida First City Banks, Inc.

Federal Reserve Board announces termination of enforcement action with Florida First City Banks, Inc.

Federal Reserve Board announces termination of enforcement action with Florida First City Banks, Inc.

Read more / Original news source: https://www.federalreserve.gov/newsevents/pressreleases/enforcement20201124a.htm

OCC Finalizes Update to Activities and Operations Rule

The Office of the Comptroller of the Currency (OCC) today issued a final rule that updates its rules for national bank and federal savings association activities and operations.

The Office of the Comptroller of the Currency (OCC) today issued a final rule that updates its rules for national bank and federal savings association activities and operations.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-158.html

Director Kraninger's Remarks During the November 2020 Academic Research Council Meeting

Director Kathy Kraninger’s remarks on small business lending data and research, the accuracy of credit reporting, and the use of alternative credit data at the November 2020 Academic Research Council Meeting.

Director Kathy Kraninger's remarks on small business lending data and research, the accuracy of credit reporting, and the use of alternative credit data at the November 2020 Academic Research Council Meeting.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/director-kraningers-remarks-november-2020-academic-research-council-meeting/

Agencies Provide Temporary Relief to Community Banking Organizations

The federal bank regulatory agencies on Friday announced an interim final rule that provides temporary relief for certain community banking organizations related to certain regulations and reporting requirements as a result, in large part, of their gro…

The federal bank regulatory agencies on Friday announced an interim final rule that provides temporary relief for certain community banking organizations related to certain regulations and reporting requirements as a result, in large part, of their growth in size from the coronavirus response.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2020/nr-ia-2020-157.html

Proposed Rule Would Ensure Fair Access to Bank Services, Capital, and Credit

The Office of the Comptroller of the Currency (OCC) today proposed a rule to ensure fair access to banking services provided by national banks, federal savings associations, and federal branches and agencies of foreign bank organizations.

The Office of the Comptroller of the Currency (OCC) today proposed a rule to ensure fair access to banking services provided by national banks, federal savings associations, and federal branches and agencies of foreign bank organizations.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-156.html