-
Jan 31, 2024 | 
lexology.com | Jason Langford |Gregory Parisi |James Stevens |Zayne Ridenhour Tweed |Seth A. Winter
On January 29, the Office of the Comptroller of the Currency (OCC) issued a notice of proposed rulemaking regarding its review of business combinations under the Bank Merger Act (BMA).
-
Jan 11, 2024 | 
lexblog.com | Seth A. Winter |Zayne Ridenhour Tweed |James Stevens |Gregory Parisi
On January 8, the Office of the Comptroller of the Currency (OCC) announced adjustments to the maximum amount of each civil money penalty (CMP) within its jurisdiction. The 2015 Adjustment Act requires federal agencies with CMP authority to annually adjust each CMP to account for inflation in accordance with the guidance published by the Office of Management and Budget. The adjusted maximum penalties are effective immediately for violations occurring on or after November 2, 2015.
-
Jan 11, 2024 | 
lexology.com | Seth A. Winter |Zayne Ridenhour Tweed |James Stevens |Gregory Parisi
On January 8, the Office of the Comptroller of the Currency (OCC) announced adjustments to the maximum amount of each civil money penalty (CMP) within its jurisdiction. The 2015 Adjustment Act requires federal agencies with CMP authority to annually adjust each CMP to account for inflation in accordance with the guidance published by the Office of Management and Budget. The adjusted maximum penalties are effective immediately for violations occurring on or after November 2, 2015.
-
Jul 28, 2023 | 
lexblog.com | Keith Barnett |Carlin McCrory |Zayne Ridenhour Tweed |Seth A. Winter
On July 27, the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (collectively, the agencies) issued a joint notice of proposed rulemaking that would revise the capital requirements applicable to large banking organizations (those with $100 billion or more in total assets) and to banking organizations with significant trading activity to improve the calculation of risk-based capital requirements and...
-
Jul 24, 2023 | 
jdsupra.com | Gregory Parisi |Zayne Ridenhour Tweed |Seth A. Winter
On July 18, Office of the Comptroller of the Currency (OCC) Senior Deputy Comptroller for Large Bank Supervision Greg Coleman testified on OCC supervision of climate-related financial risks before the U.S. House of Representatives’ Committee on Financial Services’ Subcommittee on Financial Institutions and Monetary Policy.
-
Jul 21, 2023 | 
lexology.com | Gregory Parisi |Zayne Ridenhour Tweed |Seth A. Winter
On July 18, Office of the Comptroller of the Currency (OCC) Senior Deputy Comptroller for Large Bank Supervision Greg Coleman testified on OCC supervision of climate-related financial risks before the U.S. House of Representatives’ Committee on Financial Services’ Subcommittee on Financial Institutions and Monetary Policy.
-
Jul 21, 2023 | 
lexblog.com | Adrianna Scheer Cook |Gregory Parisi |Seth A. Winter |Zayne Ridenhour Tweed
On July 18, Office of the Comptroller of the Currency (OCC) Senior Deputy Comptroller for Large Bank Supervision Greg Coleman testified on OCC supervision of climate-related financial risks before the U.S. House of Representatives’ Committee on Financial Services’ Subcommittee on Financial Institutions and Monetary Policy.
-
Jul 5, 2023 | 
jdsupra.com | James Stevens |Seth A. Winter
On June 29, the Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency, and the National Credit Union Administration (collectively, the agencies) issued a joint policy statement on commercial real estate loan workouts building on existing guidance calling for financial institutions to work “prudently and constructively” with distressed borrowers. The joint policy statement supersedes the agencies’ 2009 guidance.
-
Jul 3, 2023 | 
lexblog.com | James Stevens |Seth A. Winter
On June 29, the Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency, and the National Credit Union Administration (collectively, the agencies) issued a joint policy statement on commercial real estate loan workouts building on existing guidance calling for financial institutions to work “prudently and constructively” with distressed borrowers. The joint policy statement supersedes the agencies’ 2009 guidance.
-
Jun 22, 2023 | 
jdsupra.com | Gregory Parisi |Zayne Ridenhour Tweed |Seth A. Winter
At a Brookings Institution event on June 20, Assistant Attorney General Jonathan Kanter, a top antitrust official for the U.S. Justice Department (DOJ or Department), announced that the Department will reassess its approach to bank merger enforcement given current market realities. Specifically, the Department will assess whether the factual and economic assumptions underlying its 1995 Bank Merger Guidelines are adequate to measure today’s competition.
