Tag: fdic
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OCC and FDIC Propose Major Amendments to Community Reinvestment Act Rules
The OCC and FDIC propose significant changes to Community Reinvestment Act rules, aiming to refocus on lending, ensure community development grants are effective, reduce bank burden, and provide clearer guidance for CRA consideration.
BusinessPolitics and GovernmentGeneral PoliticsFederal GovernmentEconomyBankingLegalSocial Issues OCCFDICCommunity Reinvestment ActCRARegulationsProposed RuleOffice of the Comptroller of the Currency (OCC)
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OCC and FDIC Propose Targeted Changes to Community Reinvestment Act Rules
The OCC and FDIC propose changes to Community Reinvestment Act rules, aiming to better align with the mandate, ensure grants reach communities, reduce bank burden, and provide clarity, especially for community banks.
BusinessPolitics and GovernmentBankingFederal GovernmentEconomyLegalSocial Issues Community Reinvestment ActOCCFDICfinancial regulationcommunity developmentcommunity banksOffice of the Comptroller of the Currency (OCC)
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Banking Regulators Update Community Bank Leverage Ratio Guide
Federal banking agencies have updated the Community Bank Leverage Ratio compliance guide, lowering the minimum leverage ratio and revising grace period rules for qualifying community banks, effective July 1, 2026.
BusinessPolitics and GovernmentEconomyBankingFederal GovernmentLegalFinancial Markets OCCFederal ReserveFDICCommunity Bank Leverage RatioBanking RegulationCapital RequirementsEconomic Growth, Regulatory Relief, and Consumer Protection ActOffice of the Comptroller of the Currency (OCC)
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Financial Regulators Issue Guidance on Lending to Non-Work Authorized Borrowers
The OCC, FDIC, and NCUA issued guidance on July 13, 2026, advising financial institutions to apply existing credit risk practices when lending to non-work authorized borrowers, citing potential elevated risk due to income and employment uncertainties.
Politics and GovernmentBusinessFederal GovernmentEconomyBankingEmployment and LaborLegal OCCFDICNCUAFinancial ServicesCredit RiskLendingBank SupervisionOffice of the Comptroller of the Currency (OCC)
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Comptroller Gould Details Votes on Key FDIC Financial Regulations
Comptroller Jonathan V. Gould outlined his votes at the FDIC board meeting, supporting proposals on resolution planning, deposit insurance assessments, and confidential supervisory information disclosure, while also urging further improvements and public comment.
Politics and GovernmentBusinessFederal GovernmentBankingEconomyLegal Jonathan V. GouldFDICOCCResolution PlanningDeposit Insurance AssessmentsConfidential Supervisory InformationFinancial RegulationOffice of the Comptroller of the Currency (OCC)