Search for: "Office of Comptroller & Currency"
Results 41 - 60
of 1,402
Sort by Relevance
|
Sort by Date
26 Oct 2023, 7:30 am
On October 24, the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation issued a final rule amending their regulations implementing the Community Reinvestment Act. [read post]
25 Oct 2023, 9:01 pm
In particular, it identified the following circumstances and risk management deficiencies as the primary causes of SVB’s failure: A concentrated business model with a funding structure that was primarily concentrated in private equity and venture capital firms and their portfolio companies, with a depositor base consisting of nearly half of the venture-backed technology and life sciences companies in the United States.12 Rapid and unchecked growth, with total assets growing from just over $50… [read post]
16 Oct 2023, 9:01 pm
The proposal was issued over two dissents.1 Among the issues the dissents highlighted is that the proposal would seek to impose an enforceable federal overlay on state fiduciary duty standards, which would extend beyond the scope of the Office of the Comptroller of the Currency’s (OCC) governance guidelines2 and of the Federal Reserve Board’s (FRB) governance guidance.3 The proposal also would muddy the waters between board and… [read post]
9 Oct 2023, 12:46 pm
The Office of the Comptroller of the Currency’s (OCC) Committee on Bank Supervision (CBS) recently issued its annual Bank Supervision Operating Plan for FY 2024, which sets forth the OCC’s supervision priorities and objectives across CBS operating units. [read post]
28 Sep 2023, 9:22 am
And the CFPB’s funding statute is “not materially distinct from” those of other financial regulators such as the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the Federal Reserve Board itself, the CFPB asserts. [read post]
7 Sep 2023, 9:01 pm
On August 29, 2023, US federal banking regulators issued a proposal for long-term debt (“LTD”) requirements for certain midsize and larger US banking organizations (the “LTD Proposal”).1 The LTD Proposal is important because it would require many regional and larger banking organizations to issue significant amounts of LTD. [read post]
5 Sep 2023, 9:01 pm
ENDNOTE [1] The Federal Deposit Insurance Corporation (the FDIC), the Board of Governors of the Federal Reserve System (the Federal Reserve), and the Office of the Comptroller of the Currency (the OCC). [read post]
5 Sep 2023, 4:30 am
The Federal Reserve Board, Federal Deposit Insurance Corporation, and Office of the Comptroller of the Currency issued final guidance June 6, 2023, on managing risks associated with third-party relationships. [read post]
31 Aug 2023, 9:05 pm
The Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System, and the Office of the Comptroller of the Currency jointly issued a proposed rule establishing a minimum long-term debt requirement for certain insured depository institutions. [read post]
31 Aug 2023, 8:25 pm
The Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System, and the Office of the Comptroller of the Currency jointly issued a proposed rule establishing a minimum long-term debt requirement for certain insured depository institutions. [read post]
9 Aug 2023, 9:01 pm
On July 27, 2023, US federal banking regulators issued proposals to (i) significantly revise the risk-based regulatory capital requirements for certain midsize and larger US banking organizations (the “Capital Proposal”), and (ii) change the method for calculating the capital surcharge for globally systemically important banking organizations (“G-SIBs”) (the “G-SIB Surcharge Proposal”).1 These proposals are of critical importance because the amount of capital a… [read post]
31 Jul 2023, 9:01 pm
On July 27, 2023, the federal banking agencies released a lengthy proposal to revise the capital rules applicable to large banks and bank holding companies. [read post]
31 Jul 2023, 7:22 pm
Capital rules are set through regulation by the federal bank regulators—the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve, and the Office of the Comptroller of the Currency (OCC)—and are modeled on international agreements made by the members of the Basel Committee on Bank Supervision. [read post]
24 Jul 2023, 8:59 am
In an unusual move, Laura Akahoshi, former Rabobank (the “Bank”) Chief Compliance Officer (“CCO”), filed on July 6, 2023 an opposition to the Office of the Comptroller of the Currency’s (“OCC”) dismissal of its own administrative enforcement proceeding against her. [read post]
17 Jul 2023, 8:08 am
The bank was also required to pay the CFPB penalties of $90 million, and a separate $60 million fine was imposed by the Office of the Comptroller of the Currency for violations of the laws related to overdraft fees. [read post]
14 Jul 2023, 10:21 am
The Office of the Comptroller of the Currency (OCC) also found that the bank’s double-dipping on fees was illegal. [read post]
13 Jul 2023, 11:45 am
The Office of the Comptroller of the Currency (OCC) also accused Bank of America of illegally charging junk fees. [read post]
9 Jul 2023, 9:01 pm
Moreover, most of these matters settle by consent orders as individuals, even though covered by director and officer insurance, usually do not have sufficient resources to fight the government. [read post]
28 Jun 2023, 5:49 pm
The contracting officer has the exclusive authority to make those determinations. [read post]
27 Jun 2023, 8:27 am
As reported in a Hunton Client Alert last week, on June 6, 2023, the Federal Deposit Insurance Corporation (“FDIC”), the Board of Governors of the Federal Reserve System (“FRB”) and the Office of the Comptroller of the Currency (“OCC”) (collectively, the “Agencies”) issued final guidance on managing risks associated with third-party relationships, including relationships with fintechs (the “Final… [read post]
