OCC

Should consumer protection failures play a bigger role in CRA grades?

WASHINGTON — The recent Community Reinvestment Act rating downgrade for USAA Federal Savings Bank highlights a potential strategy backed by…

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OCC undermines own CRA rule by putting key metric on hold

Critics of the Office of the Comptroller of the Currency’s new Community Reinvestment Act rule say it was rushed to…

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Industry wins key concession in liquidity rule

WASHINGTON — Federal regulators have acceded to banking industry calls to ease a new liquidity requirement for large institutions in…

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Houston de novo effort secures conditional regulatory approval

A Houston group seeking to charter a women-led community bank has received conditional approval from the Federal Deposit Insurance Corp.…

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BNP Paribas out front on digital asset storage

The Office of the Comptroller of the Currency this summer gave national banks the green light to store digital assets,…

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Senate fails to overturn OCC’s CRA revamp

WASHINGTON — Senate Democrats failed to pass a resolution to overturn the Office of the Comptroller of the Currency’s rule…

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USAA’s regulatory troubles now include OCC fine, CRA downgrade

WASHINGTON — The Office of the Comptroller of the Currency has ordered USAA Federal Savings Bank to pay an $85…

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OCC fines Morgan Stanley $60 million for 2016 data breach

WASHINGTON — Morgan Stanley was slapped with a $60 million fine by regulators Thursday for risk management problems tied to…

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Citi hit with pair of enforcement actions, fined $400M

WASHINGTON — Bank regulators formally ordered Citigroup to improve its risk management and internal controls following years of concerns that…

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Banks urge Fed to revise liquidity rule after pandemic shock

WASHINGTON — For many months, regulators have relaxed regulatory standards in order to help banks weather the COVID-19 crisis. But…

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