OCC: CRA Evaluations for 15 National Banks and Federal Savings Associations Released

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 April 1, 2021 through April 30, 2021. The list contains only national banks, federal savings associations, and insured federal branches of foreign banks […]

OCC: CRA Evaluations Released for 15 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 March 1, 2021 through March 31, 2021. The list contains only national banks, federal savings associations, and insured federal branches of foreign banks […]

OCC: April is National Financial Capability Month

The Office of the Comptroller of the Currency (OCC) encourages national banks and federal savings associations (collectively, banks) to support financial literacy education year-round but especially during National Financial Capability Month, which runs through April 30. Banks promote financial literacy by supporting programs that expand financial literacy, economic empowerment, and […]

OCC: FFIEC’s 2021 “A Guide to HMDA Reporting: Getting It Right!” Issued

Summary The Office of the Comptroller of the Currency (OCC) is announcing the issuance of the Federal Financial Institutions Examination Council’s (FFIEC) revised “A Guide to HMDA Reporting: Getting It Right!”, which is designed to help banks comply with the Home Mortgage Disclosure Act (HMDA) and Regulation C, its implementing […]

Agencies Seek Wide Range of Views on Financial Institutions’ Use of Artificial Intelligence

 Five federal financial regulatory agencies are gathering insight on financial institutions’ use of artificial intelligence (AI). The agencies seek information from the public on how financial institutions use AI in their activities, including fraud prevention, personalization of customer services, credit underwriting, and other operations. The Federal Reserve Board, the Consumer […]

OCC: Report Shows Decline in Mortgage Performance for Fourth Quarter 2020

The Office of the Comptroller of the Currency (OCC) reported that the performance of first-lien mortgages in the federal banking system declined during the fourth quarter of 2020. The OCC Mortgage Metrics Report, Fourth Quarter 2020 showed that 93.3 percent of mortgages included in the report were current and performing at the […]

OCC: Public Meeting of Minority Depository Institutions Advisory Committee Scheduled for April 13th Via Webinar

The Office of the Comptroller of the Currency (OCC) today announced it will host a public meeting of the Minority Depository Institutions Advisory Committee (MDIAC) on Tuesday, April 13, 2021, via webinar. The meeting is open to the public and will begin at 1:00 p.m. Eastern Daylight Time (EDT). The […]

Interagency Interim Final Rule Issued Regarding the Emergency Capital Investment Program

On March 22, 2021, the Office of the Comptroller of the Currency (OCC), Board of Governors of the Federal Reserve System (Board), and Federal Deposit Insurance Corporation (FDIC) (collectively, the agencies) published an interim final rule to support and facilitate the timely implementation of the congressionally authorized Emergency Capital Investment […]

OCC: Seven New Members Appointed to Minority Depository Institutions Advisory Committee

The Office of the Comptroller of the Currency (OCC) today named seven new members to its Minority Depository Institutions Advisory Committee (MDIAC). The MDIAC advises the OCC on steps it can take to ensure the continued health and viability of minority depository institutions and other issues of concern to these […]