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- November 1, 2017On Wednesday, November 1, 2017, the OCC released a list of Community Reinvestment Act performance evaluations made public during the period of October 1, 2017 through October 31, 2017. The list contains only national banks, federal savings associations, and insured federal branches of foreign banks that have received ratings. The possible ratings are outstanding, satisfactory, needs to improve,...October 31, 2017On Tuesday, October 31, 2017, the OCC issued a bulletin regarding the "Subsidiaries and Equity Investments" booklet of the Comptroller’s Licensing Manual. This booklet revises the “Investment in Subsidiaries and Equities” booklet issued in July 2008. This revised booklet updates procedures and requirements to reflect the integration of the functions of the Office of Thrift Supervision into the...October 31, 2017On Tuesday, October 31, 2017, the OCC issued a bulletin updating its policies and procedures regarding bank enforcement actions and related matters. This policy is effective on December 1, 2017. The updates are reflected in the “Bank Supervision Process,” “Community Bank Supervision,” “Federal Branches and Agencies Supervision,” and “Large Bank Supervision” booklets of the Comptroller’s Handbook...October 30, 2017On Monday, October 30, 2017, the OCC, the Board of Governors of the Federal Reserve, and the FDIC issued a bulletin seeking comment on a proposed rule to simplify certain aspects of the capital rule. The majority of the proposed simplifications would apply solely to banking organizations not subject to the advanced approaches capital rule (the advanced approaches capital rule generally applies to...October 30, 2017On Monday, October, 30, 2017, the CFPB launched a mortgage performance trends tool tracking nationwide delinquency rates, and showing mortgage delinquency rates are at their lowest point since the financial crisis. The tool measures the delinquency rates in two general categories: Borrowers who are 30-89 days behind on mortgage payments, meaning they have missed one or two payments; and Serious...October 27, 2017On Friday, October 27, 2017, the FDIC released a list of orders of administrative enforcement actions taken against banks and individuals in September. The FDIC issued a total of 23 orders, including one order issued in August, and one notice. The administrative enforcement actions in those orders consisted of eight consent orders; five Section 19 orders; one civil money penalty; three...October 27, 2017On Friday, October 27, 2017, the OCC announced it is seeking comment on a notice of proposed rulemaking amending the its Annual Stress Test rule. The proposal would make several technical revisions to the stress testing regulation, including Changing the range of possible “as-of” dates used in the global market shock component of the annual stress tests to conform with rule revisions recently...October 26, 2017On Thursday, October 26, 2017, the Federal Reserve Board issued a press release announcing five new members of its Community Advisory Council (CAC). The CAC is composed of a diverse group of experts and representatives of consumer, workforce, and community development organizations and interests, including from such fields as affordable housing, economic development, labor, small business, and...October 23, 2017On Monday, October 23, 2017, the OCC, Board of Governors of the Federal Reserve and the FDIC released answers to frequently asked questions regarding the liquidity coverage ratio (LCR) rule. These FAQs are the interpretations of the rule by of the agencies’ staff based on the facts and circumstances presented. These FAQs are not official rules or regulations. The OCC plans to compile additional...October 20, 2017On Friday, October 20, 2017, the OCC issued a Bank Supervision Policies and Procedures Manual ( PPM 5000-43 ) on Impact of Evidence of Discriminatory or other Illegal Credit Practices on Community Reinvestment Act Ratings. The PPM addresses the considerations the OCC will take to address “compliance downgrades” on CRA performance evaluations in the future. The PPM sets forth two principles that...