OCC Reports Improvement in Overall Mortgage Performance

The Office of the Comptroller of the Currency (OCC) reported that the performance of first-lien mortgages in the federal banking system improved during the first quarter of 2022.

The Office of the Comptroller of the Currency (OCC) reported that the performance of first-lien mortgages in the federal banking system improved during the first quarter of 2022.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-76.html

Acting Comptroller Issues Statement on HUD Guidance for Special Purpose Credit Programs

Acting Comptroller of the Currency Michael Hsu issued the following statement today regarding special purpose credit programs.

Acting Comptroller of the Currency Michael Hsu issued the following statement today regarding special purpose credit programs.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-130.html

Federal Agencies Share Principles for Offering Responsible Small-Dollar Loans

The federal financial institution regulatory agencies today issued principles for offering small-dollar loans in a responsible manner to meet financial institutions customers’ short-term credit needs.

The federal financial institution regulatory agencies today issued principles for offering small-dollar loans in a responsible manner to meet financial institutions customers' short-term credit needs.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2020/nr-ia-2020-65.html

Federal Agencies Encourage Banks, Savings Associations and Credit Unions to Offer Responsible Small-Dollar Loans to Consumers and Small Businesses Affected by COVID-19

Five federal financial regulatory agencies today issued a joint statement encouraging banks, savings associations and credit unions to offer responsible small-dollar loans to consumers and small businesses in response to COVID-19.

Five federal financial regulatory agencies today issued a joint statement encouraging banks, savings associations and credit unions to offer responsible small-dollar loans to consumers and small businesses in response to COVID-19.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2020/nr-ia-2020-40.html