FDIC: Enforcement Actions Manual Updated Regarding Minimum Standards for Termination of Cease-and-Desist and Consent Orders
The FDIC has updated chapter four of its Formal and Informal Enforcement Actions Manual (manual), entitled Cease-and-Desist Actions, regarding the agency’s minimum standards for terminating cease-and-desist and consent orders issued under Section 8(b) of the Federal Deposit Insurance (FDI) Act. The manual provides direction for professional staff related to the work necessary to pursue formal and informal enforcement actions….
FDIC: CRA Examination Schedule for Fourth Quarter 2025 Issued
The Federal Deposit Insurance Corporation (FDIC) today issued the list of institutions scheduled for a Community Reinvestment Act (CRA) examination during the fourth quarter 2025. CRA regulations require each federal bank and thrift regulator to publish its quarterly CRA examination schedule at least 30 days before the beginning of each quarter. The Community Reinvestment Act is…
OCC: Fourth Quarter 2025 and First Quarter 2026 CRA Evaluation Schedule Issued
The Office of the Comptroller of the Currency (OCC) today released its schedule of Community Reinvestment Act (CRA) evaluations to be conducted in the fourth quarter of 2025 and the first quarter of 2026. The OCC encourages public comment on the CRA-related activities of the national banks and federal savings associations (collectively, banks) scheduled to…
Agencies Issue Joint Proposal to Rescind 2023 Community Reinvestment Act Final Rule
Federal bank regulatory agencies today jointly issued a proposal to rescind the Community Reinvestment Act (CRA) final rule issued in October 2023 and replace it with the prior CRA regulations that were originally adopted by the agencies in 1995, with certain technical amendments. If adopted, the proposal would restore certainty in the CRA framework for…
FDIC: Board of Directors Propose to Establish Office of Supervisory Appeals
The Federal Deposit Insurance Corporation (FDIC) Board of Directors today approved a proposal that would amend the agency’s Guidelines for Appeals of Material Supervisory Determinations. Through this proposal, the FDIC would replace the existing Supervision Appeals Review Committee (SARC) with an independent, standalone office within the FDIC, known as the Office of Supervisory Appeals (Office)….
OCC: References to Disparate Impact Removed from OCC “Fair Lending” Booklet and No Longer Included in Examinations
The Office of the Comptroller of the Currency (OCC) has removed references to supervising banks1 for disparate impact liability from the “Fair Lending” booklet of the Comptroller’s Handbook and has commenced removing references in other issuances. Concurrently, the OCC has instructed its examiners that they should no longer examine for disparate impact. Note for Community Banks The OCC’s…