Tag: occ

OCC Proposes Rule Regarding the CRA General Performance Standards

The Office of the Comptroller of the Currency (OCC) today invited comment on a notice of proposed rulemaking regarding the Community Reinvestment Act’s (CRA) general performance standards.

The Office of the Comptroller of the Currency (OCC) today invited comment on a notice of proposed rulemaking regarding the Community Reinvestment Act’s (CRA) general performance standards.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-160.html

OCC Assesses $250 Million Civil Money Penalty Against JPMorgan Chase Bank, N.A.

The Office of the Comptroller of the Currency (OCC) today assessed a $250 million civil money penalty against JPMorgan Chase Bank, N.A.

The Office of the Comptroller of the Currency (OCC) today assessed a $250 million civil money penalty against JPMorgan Chase Bank, N.A.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-159.html

OCC Finalizes Update to Activities and Operations Rule

The Office of the Comptroller of the Currency (OCC) today issued a final rule that updates its rules for national bank and federal savings association activities and operations.

The Office of the Comptroller of the Currency (OCC) today issued a final rule that updates its rules for national bank and federal savings association activities and operations.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-158.html

Agencies Provide Temporary Relief to Community Banking Organizations

The federal bank regulatory agencies on Friday announced an interim final rule that provides temporary relief for certain community banking organizations related to certain regulations and reporting requirements as a result, in large part, of their gro…

The federal bank regulatory agencies on Friday announced an interim final rule that provides temporary relief for certain community banking organizations related to certain regulations and reporting requirements as a result, in large part, of their growth in size from the coronavirus response.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2020/nr-ia-2020-157.html

Proposed Rule Would Ensure Fair Access to Bank Services, Capital, and Credit

The Office of the Comptroller of the Currency (OCC) today proposed a rule to ensure fair access to banking services provided by national banks, federal savings associations, and federal branches and agencies of foreign bank organizations.

The Office of the Comptroller of the Currency (OCC) today proposed a rule to ensure fair access to banking services provided by national banks, federal savings associations, and federal branches and agencies of foreign bank organizations.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-156.html

Agencies Release Fact Sheet to Clarify Bank Secrecy Act Due Diligence Requirements For Banks and Credit Unions that Offer Services to Charities and Non-Profits

Federal financial institution regulatory agencies today issued a joint fact sheet clarifying that bank and credit unions compliance efforts to meet Bank Secrecy Act due diligence requirements for customers that are charities and other nonprofit organiz…

Federal financial institution regulatory agencies today issued a joint fact sheet clarifying that bank and credit unions compliance efforts to meet Bank Secrecy Act due diligence requirements for customers that are charities and other nonprofit organizations should be based on the money laundering risks posed by the customer relationship.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2020/nr-ia-2020-155.html

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-2020-154.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 2021 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 2021 will remain at $27,200, as it was in 2020.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2020/nr-ia-2020-153.html

Statement on the President’s Intent to Nominate Brian P. Brooks to Serve as Comptroller of the Currency

Acting Comptroller of the Currency Brian P. Brooks released the following statement upon the announcement that President Donald J. Trump intends to nominate him to serve as the 32nd Comptroller of the Currency.

Acting Comptroller of the Currency Brian P. Brooks released the following statement upon the announcement that President Donald J. Trump intends to nominate him to serve as the 32nd Comptroller of the Currency.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-152.html

Acting Comptroller of the Currency Congratulates SEC Chairman on his Tenure

Acting Comptroller of the Currency Brian P. Brooks issued the following statement upon learning that Securities and Exchange Commission Chairman Walter Joseph “Jay” Clayton III plans to resign at year’s end.

Acting Comptroller of the Currency Brian P. Brooks issued the following statement upon learning that Securities and Exchange Commission Chairman Walter Joseph "Jay" Clayton III plans to resign at year's end.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-151.html