Agencies Propose Regulation on the Role of Supervisory Guidance

Five federal financial regulatory agencies today invited comment on a proposal outlining and confirming the agencies’ use of supervisory guidance for regulated institutions. The proposal would codify the statement, as amended, that was issued in Septem…

Five federal financial regulatory agencies today invited comment on a proposal outlining and confirming the agencies' use of supervisory guidance for regulated institutions. The proposal would codify the statement, as amended, that was issued in September 2018 by the agencies that clarified the differences between regulations and guidance.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2020/nr-ia-2020-142.html

Office of the Comptroller of the Currency Issues True Lender Rule

The Office of the Comptroller of the Currency (OCC) today issued a rule that determines when a national bank or federal savings association (bank) makes a loan and is the “true lender,” including in the context of a partnership between a bank and a thi…

The Office of the Comptroller of the Currency (OCC) today issued a rule that determines when a national bank or federal savings association (bank) makes a loan and is the "true lender," including in the context of a partnership between a bank and a third party.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-139.html

OCC Revises Short-Term Investment Fund Rule

The Office of the Comptroller of the Currency (OCC) today announced an interim final rule to revise its short-term investment fund (STIF) rule for national banks acting in a fiduciary capacity.

The Office of the Comptroller of the Currency (OCC) today announced an interim final rule to revise its short-term investment fund (STIF) rule for national banks acting in a fiduciary capacity.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-38.html