OCC Enforcement Actions and Terminations

The Office of the Comptroller of the Currency (OCC) today released new enforcement actions taken against national banks, federal savings associations, and individuals currently and formerly affiliated with national banks and federal savings associations.

The Office of the Comptroller of the Currency (OCC) today released new enforcement actions taken against national banks, federal savings associations, and individuals currently and formerly affiliated with national banks and federal savings associations.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-173.html

Agencies release annual CRA asset-size threshold adjustments for small and intermediate small institutions

Agencies release annual CRA asset-size threshold adjustments for small and intermediate small institutions

Agencies release annual CRA asset-size threshold adjustments for small and intermediate small institutions

Read more / Original news source: https://www.federalreserve.gov/newsevents/pressreleases/bcreg20201217a.htm

Federal Reserve Board and Federal Open Market Committee release economic projections from the December 15-16 FOMC meeting

Federal Reserve Board and Federal Open Market Committee release economic projections from the December 15-16 FOMC meeting

Federal Reserve Board and Federal Open Market Committee release economic projections from the December 15-16 FOMC meeting

Read more / Original news source: https://www.federalreserve.gov/newsevents/pressreleases/monetary20201216b.htm

Federal Reserve announces the extension of its temporary U.S. dollar liquidity swap lines and the temporary repurchase agreement facility for foreign and international monetary authorities (FIMA repo facility) through September 30, 2021

Federal Reserve announces the extension of its temporary U.S. dollar liquidity swap lines and the temporary repurchase agreement facility for foreign and international monetary authorities (FIMA repo facility) through September 30, 2021

Federal Reserve announces the extension of its temporary U.S. dollar liquidity swap lines and the temporary repurchase agreement facility for foreign and international monetary authorities (FIMA repo facility) through September 30, 2021

Read more / Original news source: https://www.federalreserve.gov/newsevents/pressreleases/monetary20201216c.htm

OCC Reports Decline in Mortgage Performance

The Office of the Comptroller of the Currency (OCC) reported that the performance of first-lien mortgages in the federal banking system declined during the third quarter of 2020.

The Office of the Comptroller of the Currency (OCC) reported that the performance of first-lien mortgages in the federal banking system declined during the third quarter of 2020.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-172.html

OCC Reports Third Quarter 2020 Bank Trading Revenue

The Office of the Comptroller of the Currency (OCC) reported trading revenue of U.S. commercial banks and savings associations of $9.0 billion in the third quarter of 2020. The third quarter trading revenue was $5.7 billion, or 38.9 percent, less than …

The Office of the Comptroller of the Currency (OCC) reported trading revenue of U.S. commercial banks and savings associations of $9.0 billion in the third quarter of 2020. The third quarter trading revenue was $5.7 billion, or 38.9 percent, less than the previous quarter.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-171.html

New Brokered Deposits Rule Promotes Bank-Fintech Partnerships

Acting Comptroller of the Currency Brian P. Brooks today issued the following statement with his vote to support the Federal Deposit Insurance Corporation’s (FDIC) new brokered deposits rule.

Acting Comptroller of the Currency Brian P. Brooks today issued the following statement with his vote to support the Federal Deposit Insurance Corporation's (FDIC) new brokered deposits rule.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-170.html

Federal Reserve Board announces it has formally joined the Network of Central Banks and Supervisors for Greening the Financial System, or NGFS, as a member

Federal Reserve Board announces it has formally joined the Network of Central Banks and Supervisors for Greening the Financial System, or NGFS, as a member

Federal Reserve Board announces it has formally joined the Network of Central Banks and Supervisors for Greening the Financial System, or NGFS, as a member

Read more / Original news source: https://www.federalreserve.gov/newsevents/pressreleases/bcreg20201215a.htm