Statement by the Acting Comptroller of the Currency at the Financial Stability Oversight Council

Acting Comptroller of the Currency Michael J. Hsu made the following statement today at the meeting of the Financial Stability Oversight Council (FSOC) with respect to the LIBOR transition.

Acting Comptroller of the Currency Michael J. Hsu made the following statement today at the meeting of the Financial Stability Oversight Council (FSOC) with respect to the LIBOR transition.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-65.html

OCC Hosts Virtual Mutual Savings Association Advisory Committee Meeting June 29

The Office of the Comptroller of the Currency (OCC) today announced it will host a virtual meeting of the Mutual Savings Association Advisory Committee (MSAAC) on Tuesday, June 29, 2021.

The Office of the Comptroller of the Currency (OCC) today announced it will host a virtual meeting of the Mutual Savings Association Advisory Committee (MSAAC) on Tuesday, June 29, 2021.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-64.html

OCC Releases CRA Evaluations for 18 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 May 1, 2021 through May 31, 2021.

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 May 1, 2021 through May 31, 2021.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-63.html

Agencies Extend Favorable Community Reinvestment Act Consideration of Revitalization Activities in Certain Disaster Areas Affected by Hurricane Maria

The federal bank regulatory agencies today announced they are extending the period for giving favorable consideration under Community Reinvestment Act (CRA) regulations to institutions located outside of Puerto Rico and the U.S. Virgin Islands, for ban…

The federal bank regulatory agencies today announced they are extending the period for giving favorable consideration under Community Reinvestment Act (CRA) regulations to institutions located outside of Puerto Rico and the U.S. Virgin Islands, for bank activities that continue to help revitalize or stabilize these areas devastated by Hurricane Maria (the "Hurricane").

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-62.html

OCC Announces Virtual Compliance Risk Workshops for Community Bank Directors

The Office of the Comptroller of the Currency (OCC) today announced a schedule of free, virtual workshops on compliance risk for boards of directors of community national banks and federal savings associations.

The Office of the Comptroller of the Currency (OCC) today announced a schedule of free, virtual workshops on compliance risk for boards of directors of community national banks and federal savings associations.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-61.html

OCC Issues Third and Fourth Quarter 2021 CRA Evaluation Schedule

The Office of the Comptroller of the Currency (OCC) today released its schedule of Community Reinvestment Act (CRA) evaluations to be conducted in the third quarter and fourth quarter 2021.

The Office of the Comptroller of the Currency (OCC) today released its schedule of Community Reinvestment Act (CRA) evaluations to be conducted in the third quarter and fourth quarter 2021.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-60.html

Agencies Issue Host State Loan-to-Deposit Ratios

Federal bank regulatory agencies today issued the host state loan-to-deposit ratios that are used to evaluate compliance with section 109 of the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994. These ratios replace the prior year’s …

Federal bank regulatory agencies today issued the host state loan-to-deposit ratios that are used to evaluate compliance with section 109 of the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994. These ratios replace the prior year's ratios from June 2020.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2021/nr-ia-2021-59.html

OCC Finalizes Rule Creating Exception to Withdrawal Period Requirement for Collective Investment Funds

The Office of the Comptroller of the Currency (OCC) today finalized a rule applicable to national banks and federal savings associations administering a collective investment fund invested primarily in real estate or other assets that are not readily m…

The Office of the Comptroller of the Currency (OCC) today finalized a rule applicable to national banks and federal savings associations administering a collective investment fund invested primarily in real estate or other assets that are not readily marketable.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-58.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/2021/nr-occ-2021-57.html

Acting Comptroller of the Currency Testifies on the Condition of the Federal Banking System

Acting Comptroller of the Currency Michael J. Hsu today testified before the U.S. House Financial Services Committee on the condition of the federal bankings system, the agency’s response to the COVID-19 pandemic, and its efforts to promote diversity a…

Acting Comptroller of the Currency Michael J. Hsu today testified before the U.S. House Financial Services Committee on the condition of the federal bankings system, the agency's response to the COVID-19 pandemic, and its efforts to promote diversity and inclusion.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-56.html