OCC

Setting the record straight on CRA reform

03/25/19

Robust public discussion from a diverse array of stakeholders has informed regulators working to reform the Community Reinvestment Act, but it has also included some misleading claims, writes a top OCC official.

[more]

Sens. Warren, Brown call on regulators to oust Wells Fargo CEO Sloan

03/22/19

The Democrats are asking the OCC and the CFPB to use their authority to remove Tim Sloan, who became CEO in 2016.

[more]

Citi mortgage discount program violated Fair Housing Act: OCC

03/19/19

The bank was fined $25 million for what the Office of the Comptroller of the Currency said was an inability to provide the discounts to all who were eligible.

[more]

Madden lawsuit nears end, but online lenders still seek fix from regulators

03/18/19

The online lending industry has turned to the courts, Congress and now federal banking agencies in an effort, thus far fruitless, to blunt the impact of a 2015 appeals court ruling.

[more]

Are regulators close to consensus on CRA reform?

03/18/19

Recent remarks from top officials at the FDIC and Fed suggest the agencies' recent impasse over reforming the Community Reinvestment Act may be ending.

[more]

U.S. regulators seek to calm swaps dealers' Brexit fears

03/15/19

If the United Kingdom leaves the EU without a deal, certain contracts held by U.S. entities and relocated outside the U.K. will not face new margin requirements.

[more]

What's behind OCC’s public rebuke of Wells Fargo?

03/15/19

Federal regulators normally hesitate even to name specific institutions, but the Office of the Comptroller of the Currency appears to be taking a different tack with Wells.

[more]

FDIC chief ties personal story to CRA reform effort

03/14/19

Recounting her family’s financial struggles, Jelena McWilliams said regulatory policy should address the plight of the underbanked.

[more]

Simpler capital rule for small banks proving hard to pull off

03/14/19

Community bankers and state regulators want the FDIC and other agencies to rethink their approach to a simplified capital ratio for smaller institutions.

[more]

Don’t hold your breath for an executive compensation rule

03/13/19

If there is renewed interest in a proposal to restrict incentive-based plans, that isn’t enough to overcome obstacles that have hindered the rulemaking for so long.

[more]