Federal Agencies Encourage Mortgage Servicers to Work With Struggling Homeowners Affected by COVID-19

The federal financial institution regulatory agencies and the state financial regulators issued a joint policy statement providing needed regulatory flexibility to enable mortgage servicers to work with struggling consumers affected by the Coronavirus …

The federal financial institution regulatory agencies and the state financial regulators issued a joint policy statement providing needed regulatory flexibility to enable mortgage servicers to work with struggling consumers affected by the Coronavirus Disease (referred to as COVID-19) emergency.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2020/nr-ia-2020-48.html

Agencies Will Consider Comments on Volcker Rule Modifications Following Expiration of Comment Period

Five federal financial regulatory agencies on Thursday announced that they will consider comments submitted before May 1, 2020, on their proposal to modify the Volcker rule’s general prohibition on banking entities investing in or sponsoring hedge fund…

Five federal financial regulatory agencies on Thursday announced that they will consider comments submitted before May 1, 2020, on their proposal to modify the Volcker rule's general prohibition on banking entities investing in or sponsoring hedge funds or private equity funds—known as "covered funds."

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2020/nr-ia-2020-47.html

OCC Releases CRA Evaluations for 28 National Banks and Federal Savings Associations

The Office of the Comptroller of the Currency (OCC) released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of March 1, 2020 through March 31, 2020. The list contains only national banks, federa…

The Office of the Comptroller of the Currency (OCC) released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of March 1, 2020 through March 31, 2020. The list contains only national banks, federal savings associations, and insured federal branches of foreign banks that have received ratings.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-46.html

OCC Reports Fourth Quarter 2019 Bank Trading Revenue

The Office of the Comptroller of the Currency (OCC) reported trading revenue of U.S. commercial banks and federal savings associations of $7.2 billion in the fourth quarter 2019, which was $4.0 million, or 0.1 percent, less than the previous quarter.

The Office of the Comptroller of the Currency (OCC) reported trading revenue of U.S. commercial banks and federal savings associations of $7.2 billion in the fourth quarter 2019, which was $4.0 million, or 0.1 percent, less than the previous quarter.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-45.html

OCC Hosts Mutual Savings Association Advisory Committee Meeting April 21 Via Teleconference

The Office of the Comptroller of the Currency (OCC) today announced it will host a public meeting of the Mutual Savings Association Advisory Committee (MSAAC) on Tuesday, April 21, 2020, via teleconference. The teleconference is open to the public and …

The Office of the Comptroller of the Currency (OCC) today announced it will host a public meeting of the Mutual Savings Association Advisory Committee (MSAAC) on Tuesday, April 21, 2020, via teleconference. The teleconference is open to the public and will begin at 10:00 a.m. Eastern Daylight Time (EDT).

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-44.html

Statement of the Comptroller of the Currency on the Enactment of the Nation’s Stimulus Package

Comptroller of the Currency Joseph M. Otting today made the following statement following passage and enactment of the CARES Act to support the nation’s response to COVID-19.

Comptroller of the Currency Joseph M. Otting today made the following statement following passage and enactment of the CARES Act to support the nation's response to COVID-19.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-43.html

Agencies Announce Two Actions to Support Lending to Households and Businesses

The federal bank regulatory agencies today announced two actions to support the U.S. economy and allow banking organizations to continue lending to households and businesses–SA-CCR and CECL.

The federal bank regulatory agencies today announced two actions to support the U.S. economy and allow banking organizations to continue lending to households and businesses--SA-CCR and CECL.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2020/nr-ia-2020-42.html

Statement of the Comptroller of the Currency on the Condition of the Federal Banking System and the Response to COVID-19

Comptroller of the Currency Joseph M. Otting made the following statement during today’s Financial Stability Oversight Council meeting regarding the condition of the federal banking system and its response to the COVID-19 national emergency.

Comptroller of the Currency Joseph M. Otting made the following statement during today's Financial Stability Oversight Council meeting regarding the condition of the federal banking system and its response to the COVID-19 national emergency.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-41.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

Agencies Provide Additional Information to Encourage Financial Institutions to Work with Borrowers Affected by COVID-19

The federal financial institution regulatory agencies and the state banking regulators issued an interagency statement encouraging financial institutions to work constructively with borrowers affected by COVID-19 and providing additional information re…

The federal financial institution regulatory agencies and the state banking regulators issued an interagency statement encouraging financial institutions to work constructively with borrowers affected by COVID-19 and providing additional information regarding loan modifications.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2020/nr-ia-2020-39.html