OCC

Regulators offer relief to institutions impacted by California wildfires

11/15/18

Federal and state regulators Thursday offered a slew of regulatory relief measures to banks and credit unions impacted by the disastrous California wildfires.

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FDIC takes first step toward altering small-dollar lending policy

11/14/18

The FDIC is seeking comment on how to encourage small-dollar lending at banks, signaling a course change from guidance it issued five years ago restricting such loans.

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Otting touts OCC to foreign banks seeking U.S. presence

11/14/18

In a speech in Japan, the comptroller of the currency urged overseas institutions to consider a “single regulatory framework” instead of applying to multiple states.

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Will Democrats try to rein in banks’ leveraged lending?

11/13/18

While they won’t be in position to enact legislation, House Democrats could use their newfound power to spotlight issues that Republicans have largely ignored, including the exploding levels of corporate debt.

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Payday lender's emails tell a different story on Choke Point

11/12/18

Top executives at Advance America acknowledged that anti-money-laundering concerns at banks were likely the cause of account terminations, even as they publicly blamed a stealth regulatory campaign.

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OCC’s lax oversight compounded costs of thrift failure, IG says

11/08/18

Examiners could have done more to minimize the brunt to the Deposit Insurance Fund from Washington Federal Bank for Savings, which hid fraudulent loans and will cost the fund more than $80 million, according to a report from the Treasury’s inspector general.

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Beware the tidy narrative about Operation Choke Point

11/08/18

Payday lenders argue that banks cut ties with their industry due to pressure from biased and hostile regulators. But the reality, in some cases, may be more nuanced.

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What bankers want from CRA reform

11/08/18

The head of the Consumer Bankers Association lays out four industry priorities for the regulatory push to overhaul the Community Reinvestment Act.

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Fintechs interested in OCC charter despite lawsuits: Otting

11/07/18

The head of the agency developing the special-purpose federal license said the process is moving forward “independent” of legal challenges mounted by state regulators.

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Banking groups to regulators: Codify policy on supervisory guidance

11/06/18

The federal agencies said in a recent statement that “guidance does not have the force and effect of law,” but two trade groups say that standard should be more binding.

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