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OCC Extends Dodd-Frank Act Stress Test Requirements Through November 25, 2019
On Tuesday, June 4, 2019, the OCC issued a press release announcing that national banks and federal savings associations (FSAs) with consolidated assets between $100 billion and $250 billion will not be subject to the Dodd-Frank Act Stress Test (DFAST) requirements as of November 24, 2019, the OCC extended the deadline for compliance with the DFAST requirements for those banks to November 25, 2019.
The OCC communicated this decision directly to affected banks in December 2018.