On Thursday, the Senate Banking Committee will hold a hearing to discuss the implementation of the Economic Growth, Regulatory Relief, and Consumer Protection Act. See what else is happening in the Week Ahead.
Read More »Making CRA Work for the Communities
The Office of the Comptroller of Currency is seeking comments on modernizing the regulations of the Community Reinvestment Act to help banks reach out more effectively to low- and middle-income communities.
Read More »BCFP Issues Advisory on HMDA Exceptions
The guidelines issued by BCFP advise small banks and credit unions on the partial exemptions available to them under the HMDA rules of the amended Dodd-Frank Act. Here are the details.
Read More »How CFPB’s Fine Impacts Wells Fargo’s Q1 Earnings
Wells Fargo will be paying a fine of $1 billion to CFPB and OCC. Click through to learn more about what it means for the bank’s quarterly earnings.
Read More »Treasury Looks to Simplify the Community Reinvestment Act for Banks
The Treasury recently gave recommendations on regulatory and administrative changes to the CRA. Click through to learn more about how these changes could affect mortgage lending.
Read More »OCC Allows Banks and Associations Affected by Wildfires to Close
On Thursday, the Office of the Comptroller of the Currency (OCC) issued a proclamation allowing national banks and federal savings associations affected by the California wildfires to close. ...
Read More »Otting Takes Charge as 31st Comptroller of the Currency
Sworn in Tuesday afternoon, the freshly minted Comptroller praised the importance of the OCC, but also indicated a move toward streamlined regulations and less red tape.
Read More »OCC: Amendment to Home Mortgage Disclosure Act
The Office of the Comptroller of the Currency (OCC) issued a bulletin on Tuesday to publicize key fields—which examiners will use to validate the accuracy and reliability of ...
Read More »Noreika on Seizing Economic Opportunities
On Monday, Acting Comptroller of the Currency Keith A. Noreika spoke at the second annual Online Lending Policy Summit, which allows industry participants to exchange insights, propose standards, and provide regulators and policymakers with perspectives on the regulation of online lending.
Read More »Otting, Quarles Nominations to go to Full Senate Vote
Joseph Otting, nominated to be the Comptroller of the Currency, and Randal Quarles, nominated to the Board of Governors of the Federal Reserve, was confirmed by the Senate Committee on Banking, Housing, and Urban Affairs. A full Senate vote will be needed to finalize the two men’s nominations.
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