Federal Reserve Board announces individual large bank capital requirements, which will be effective on October 1

Federal Reserve Board announces individual large bank capital requirements, which will be effective on October 1

Federal Reserve Board announces individual large bank capital requirements, which will be effective on October 1

Read more / Original news source: https://www.federalreserve.gov/newsevents/pressreleases/bcreg20200810a.htm

OCC Releases CRA Evaluations for 30 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 July 1, 2020 through July 31, 2020.

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 July 1, 2020 through July 31, 2020.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-103.html

OCC Reduces September 2020 Assessments in Response to COVID-19

The Office of the Comptroller of the Currency (OCC) is reducing assessments in response to the national health emergency related to COVID-19.

The Office of the Comptroller of the Currency (OCC) is reducing assessments in response to the national health emergency related to COVID-19.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-102.html

Federal Reserve announces details of new 24x7x365 interbank settlement service with clearing functionality to support instant payments in the United States

Federal Reserve announces details of new 24x7x365 interbank settlement service with clearing functionality to support instant payments in the United States

Federal Reserve announces details of new 24x7x365 interbank settlement service with clearing functionality to support instant payments in the United States

Read more / Original news source: https://www.federalreserve.gov/newsevents/pressreleases/other20200806a.htm

OCC Assesses $80 Million Civil Money Penalty Against Capital One

The Office of the Comptroller of the Currency (OCC) today assessed an $80 million civil money penalty against Capital One, N.A., and Capital One Bank (USA), N.A.

The Office of the Comptroller of the Currency (OCC) today assessed an $80 million civil money penalty against Capital One, N.A., and Capital One Bank (USA), N.A.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-101.html

OCC Issues Rule Creating Exception to Withdrawal Period Requirement for Collective Investment Funds, Eases Impact of COVID-19

The Office of the Comptroller of the Currency (OCC) today issued an interim final rule clarifying rules regarding account withdrawals from collective investment funds (CIF).

The Office of the Comptroller of the Currency (OCC) today issued an interim final rule clarifying rules regarding account withdrawals from collective investment funds (CIF).

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-100.html

Acting Comptroller of the Currency Presents Varo Bank, N.A. Its Charter

Acting Comptroller of the Currency Brian P. Brooks issued the following statement after presenting Varo Bank, N.A. its official charter.

Acting Comptroller of the Currency Brian P. Brooks issued the following statement after presenting Varo Bank, N.A. its official charter.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-99.html