OCC

Regulatory agencies have increased their attention on the impact certain types of financial abuse can negatively impact not only people’s credit scores but their quality of life. Learn what several regulatory bodies have to say about one common form of financial abuse, and how one agency reimbursed consumers harmed by misuse of their personal credit information in this roundup. Read on »

For the third time this year, the federal bank regulatory agencies announced a notice requesting comment on their statutorily required efforts to reduce regulatory burdens on the financial services system. The latest notice was focused on gathering comments about three categories of regulations: rules of procedure, safety and soundness, and securities. Read on »

In the waning weeks of the year, federal agencies are working to finalize budgetary reports and reviewing key metrics that will inform their strategic moves in the year ahead. Learn about some of the latest developments on these matters in this roundup. Read on »

Four prudential regulators testified before the House Financial Services Committee on Nov. 20 during which there were roughly as many questions about pending regulatory matters as there were about allegations of sexual harassment and other gross misconduct levied against government officials. Read on »

The Federal Reserve offered a detailed recap of developments within the agency and in the financial sector in the latest edition of its standard monthly report on its supervisory and regulatory activities. Other agencies addressed new developments with respect to bank supervision and efforts to better educate the public about predatory pricing practices. Learn more about these developments in this roundup. Read on »

The Office of the Comptroller of the Currency bestowed upon three of its most tenured supervision officials the designation of “Senior National Bank Examiner,” in recognition of their years of high-quality performance and service in their field. It is the highest honor a national bank examiner can receive. Read on »

The financial sector offered plenty of feedback indicating the widely-held belief that federal banking regulators should take on a bigger role in supervising third-party relationships between banks and fintechs. Attorneys at one trade group also were busy crafting court filings for multiple cases, two of which involved questions about preemption. Learn more about these matters and more in this roundup. Read on »

As southern states work to recover from the second of two significant hurricanes in short succession, federal banking regulators again responded with guidance providing supervisory relief and details about available assistance for affected institutions. This guidance and information about recent enforcement actions and a new fraud report are included in this regulatory roundup. Read on »

The Office of the Comptroller of the Currency (OCC) detailed its supervisory priorities for financial, operational, and compliance matters in its operating plan for fiscal year 2025. The plan noted the OCC’s intention to pay special attention to issues facing borrowers of modest means with respect to current market conditions. Read on »

TD Bank pleaded guilty to felony charges and agreed to pay $3 billion in penalties to settle anti-money laundering (AML) violations levied by federal regulators and law enforcement agencies. In light of the detrimental impact to the U.S. financial system and the widespread illicit activity enabled by the bank’s negligence, federal officials coordinated the largest AML settlement in U.S. history. Read on »