Tag: community_banks
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Treasury Secretary Bessent Urges Community Banks to Bolster Financial Security Against Illicit Activity
Treasury Secretary Scott Bessent called on community banks to be the first line of defense against financial crime, highlighting new guidance and an Executive Order to combat fraud and illicit activity, particularly in areas like Houston.
BusinessPolitics and GovernmentLaw EnforcementEconomyFederal GovernmentEmployment and LaborWhite House US TreasuryCommunity BanksFinancial SecurityFraudExecutive OrderFinCENTexas
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OCC Releases Third Quarter 2026 CRA Evaluation Schedule
The OCC has released its Q3 2026 Community Reinvestment Act evaluation schedule, a departure from its usual two-quarter advance notice. This change is due to updates for community banks and supervisory reforms, with public comments encouraged.
Politics and GovernmentBusinessFederal GovernmentEconomyLegalBanking OCCCommunity Reinvestment ActBank RegulationFinancial ServicesEvaluation ScheduleCommunity BanksPublic CommentOffice of the Comptroller of the Currency (OCC)
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OCC Announces 2026 Workshop Series for Community Bank Leaders
The OCC is offering workshops for community bank directors and senior management throughout 2026, focusing on risk management, governance, and compliance to strengthen operations and support economic vitality.
BusinessPolitics and GovernmentBankingFinancial MarketsEconomyFederal GovernmentEducation Office of the Comptroller of the CurrencyCommunity BanksRisk ManagementBanking WorkshopsFinancial ServicesJonathan V. GouldBusiness EducationOffice of the Comptroller of the Currency (OCC)
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OCC Advances Regulatory Relief for Community Banks to Boost Economic Growth
The OCC is implementing reforms to reduce regulatory burden on community banks, tailoring supervision, simplifying capital calculations, and updating examination guidance to support their economic growth role.
Politics and GovernmentBusinessFederal GovernmentBankingEconomyComputers and Internet Community BanksRegulatory ReformOffice of the Comptroller of the CurrencyBanking SupervisionEconomic DevelopmentCommunity Bank Leverage RatioCybersecurityOffice of the Comptroller of the Currency (OCC)
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OCC Codifies Bank Discretion for Real Estate Escrow Accounts
The OCC's new final rule clarifies national banks' and federal savings associations' powers to manage real estate lending escrow accounts. It grants them discretion over terms, fees, and customer compensation, applying to all community banks.
BusinessPolitics and GovernmentEconomyBankingLegalReal Estate Office of the Comptroller of the CurrencyReal Estate LendingEscrow AccountsNational BanksFederal Savings AssociationsCommunity BanksFinancial RegulationOffice of the Comptroller of the Currency (OCC)