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

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

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

OCC Allows National Banks and Federal Savings Associations Affected by California Wildfires to Close

The Office of the Comptroller of the Currency today issued a proclamation allowing national banks, federal savings associations, and federal branches and agencies of foreign banks to close offices affected by wildfires in California at their discretion.

The Office of the Comptroller of the Currency today issued a proclamation allowing national banks, federal savings associations, and federal branches and agencies of foreign banks to close offices affected by wildfires in California at their discretion.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2019/nr-occ-2019-126.html

Federal Bank Regulatory Agencies Issue Final Rule to Simplify Capital Calculation for Community Banks

Federal bank regulatory agencies finalized a rule that simplifies capital requirements for community banks.

Federal bank regulatory agencies finalized a rule that simplifies capital requirements for community banks.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2019/nr-ia-2019-125.html

Agencies Propose Rule to Amend the Swap Margin Rule

Five federal agencies today announced a proposal to change the swap margin rules to facilitate the implementation of prudent risk management strategies at certain banks and swap entities.

Five federal agencies today announced a proposal to change the swap margin rules to facilitate the implementation of prudent risk management strategies at certain banks and swap entities.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2019/nr-ia-2019-124.html

OCC Appoints Receiver for Resolute Bank, Maumee, Ohio

The Office of the Comptroller of the Currency (OCC) today appointed the Federal Deposit Insurance Corporation (FDIC) as receiver for Resolute Bank, Maumee, Ohio, a federal savings association. As of June 30, 2019, the institution had approximately $27 …

The Office of the Comptroller of the Currency (OCC) today appointed the Federal Deposit Insurance Corporation (FDIC) as receiver for Resolute Bank, Maumee, Ohio, a federal savings association. As of June 30, 2019, the institution had approximately $27 million in total assets.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2019/nr-occ-2019-123.html

U.S. Financial Regulatory Agencies Join the Global Financial Innovation Network

The Commodity Futures Trading Commission (CFTC), Federal Deposit Insurance Corporation (FDIC), Office of the Comptroller of the Currency (OCC), and the Securities and Exchange Commission (SEC) today announced joining the Global Financial Innovation Net…

The Commodity Futures Trading Commission (CFTC), Federal Deposit Insurance Corporation (FDIC), Office of the Comptroller of the Currency (OCC), and the Securities and Exchange Commission (SEC) today announced joining the Global Financial Innovation Network (GFIN).

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2019/nr-ia-2019-122.html?utm_source=RSS_feed&utm_medium=RSS