Legal and Regulatory:
News

This page provides a topical view of OCC News Releases, speeches and testimony of particular legal and regulatory interest for the past six months.  What's New maintains a comprehensive listing of all items in a historical database.

Archived News Articles Bank Secrecy Act/Anti-Money Laundering Capital Community Development Investments Compliance, Consumer Derivatives Enforcement Actions Fiduciary Activities Lending Regulations Risk Management Speeches and Testimony

Topic	Date	Item
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Bank Secrecy Act/Anti-Money Laundering	05/01/2008	The Financial Crimes Enforcement Network (FinCEN) issued guidance to supplement information previously provided to financial institutions on serious deficiencies existing in the anti-money laundering systems of the Islamic Republic of Iran. OCC 2008-13
Bank Secrecy Act/Anti-Money Laundering	05/01/2008	Guidance to Financial Institutions on the Money Laundering Threat. OCC 2008-14
Bank Secrecy Act/Anti-Money Laundering	05/01/2008	The Financial Crimes Enforcement Network (FinCEN) issued guidance informing banks and other financial institutions operating in the United States of serious deficiencies existing in the anti-money laundering systems. OCC 2008-15
Capital	7/31/2008	The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of Thrift Supervision have issued final guidance outlining the supervisory review process for banking organizations implementing the new advanced capital adequacy framework known as Basel II. OCC Bulletin 2008-20, Guidance (PDF)
Capital	7/29/2008	This bulletin briefly summarizes an interagency Notice of Proposed Rulemaking (NPR) for a U.S. implementation of the standardized approach of the Basel II Capital Accord. OCC 2008-19, Proposed Rulemaking (PDF), Comments
Capital	7/15/2008	The federal banking and thrift agencies issued final guidance outlining the supervisory review process for banking organizations implementing the new advanced capital adequacy framework known as Basel II. News Release 2008-81, Guidance (PDF)
Capital	7/10/2008	Regulatory Impact Analysis for Risk-Based Capital Guidelines; Capital Adequacy Guidelines; Capital Maintenance: Standardized Risk-Based Capital Rules (Basel II: Standardized Option), Office of the Comptroller of the Currency, International and Economic Affairs (2008) (PDF)
Capital	07/08/2008	The federal banking and thrift agencies issued an interagency statement outlining the qualification process for banking organizations implementing the new advanced capital adequacy framework known as Basel II. News Release 2008-77, Statement (PDF)
Capital	07/03/2008	The Office of the Comptroller of the Currency has approved for publication a notice of proposed rulemaking that would implement the standardized approach of the Basel II Capital Accord. News Release 2008-75
Capital	06/27/2008	The Basel Committee on Banking Supervision issued for public comment enhanced global Principles for Sound Liquidity Risk Management and Supervision. News Release 2008-72
Capital	03/03/2008	Comptroller Dugan tells International Bankers that the Basel II U.S. implementation is on a prudent, deliberate path. News Release 2008-26
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Community Development Investments	08/21/2008	An interim final rule to implement a provision of the Housing and Economic Recovery Act of 2008 (HERA) 1 that expands national banks' authority to make public welfare investments. OCC Bulletin 2008-22, News Release 2008-97, Interim Final Rule (PDF)
Compliance, Consumer	08/20/2008	Transmits a final rule, published by the Federal Reserve Board, for the dollar amount in 2009 that triggers provisions of the Home Ownership and Equity Protection Act. OCC Bulletin 2008-21
Compliance, Consumer	05/22/2008	The federal financial regulatory agencies issued final illustrations for helping consumers understand certain hybrid adjustable rate mortgage (ARM) products. Release 2008-57, Illustrations of Consumer Information for Hybrid Adjustable Rate Mortgage Products (PDF)
Compliance, Consumer	04/25/2008	The Office of the Comptroller of the Currency (OCC) has directed Wachovia to make restitution to consumers harmed by the bank's relationships with telemarketers and payment processors. News Release 2008-48
Compliance, Consumer	02/15/2008	The Office of the Comptroller of the Currency promoted awareness of consumer protection resources during National Consumer Protection Week event on Capitol Hill. NR 2008-18
Compliance, Consumer	02/07/2008	OCC Focuses on Low-Income Housing Tax Credit Program Release 2008-10, Community Developments Insights (PDF)
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Derivatives	07/09/2008	Deputy Comptroller for Credit and Market Risk Kathryn E. Dick discussed credit derivatives in testimony before the Subcommittee on Securities, Insurance, and Investment of the Senate Committee on Banking, Housing, and Urban Affairs. News Release 2008-79, Oral (PDF), Written (PDF)
Derivatives	07/03/2008	The Office of the Comptroller of the Currency reported the OCC's Quarterly Report on Bank Trading and Derivatives Activities. News Release 2008-74, OCC's Quarterly Report on Bank Trading and Derivatives Activities (PDF)
Enforcement Actions	08/12/2008	The Office of the Comptroller of the Currency (OCC) release new enforcement actions taken against national banks and individuals currently and formerly affiliated with national banks. News Release 2008-95, Enforcement Actions
Enforcement Actions	07/28/2008	The Office of the Comptroller of the Currency (OCC) released new enforcement actions taken against national banks and individuals currently and formerly affiliated with national banks. NR 2008-89, Enforcement Actions
Enforcement Actions	06/16/2008	The Office of the Comptroller of the Currency (OCC) released new enforcement actions taken against national banks and individuals currently and formerly affiliated with national banks. News Release 2008-69, OCC enforcement actions
Fiduciary Activities	03/27/2008	The Office of the Comptroller of the Currency (OCC) is providing guidance to national banks on the annual review requirement contained in OCC fiduciary regulation 12 CFR 9.6(c). OCC Bulletin 2008-10
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Lending	07/28/2008	Statement of Comptroller of the Currency John C. Dugan on Enactment of Housing Legislation. News Release 2008-90
Lending	07/23/2008	The Federal Reserve Board, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation recently issued updated host-state loan-to-deposit ratios that the banking agencies will use to determine compliance with section 109 of the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994 (Interstate Act). OCC Bulletin 2008-18, Host-state loan-to-deposit ratios (PDF)
Lending	07/16/2008	The Office of the Comptroller of the Currency will host a conference on statistical analysis and modeling for fair lending risk assessment. Release 2008-82, Conference
Lending	07/08/2008	Comptroller of the Currency John C. Dugan issued a Forum on Mortgage Lending for Low- and Moderate-Income Households sponsored by the Federal Deposit Insurance Corporation (FDIC). News Release 2008-78
Lending	06/26/2008	The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency issued the host state loan-to-deposit ratios. News Release 2008-71, Loan-to-Deposit Ratios (PDF)
Lending	06/12/2008	The Office of the Comptroller of the Currency released its 14th annual Survey of Credit Underwriting Practices. News Release 2008-66
Lending	03/24/2008	The Office of the Comptroller of the Currency issued a interim final rule to add a provision to its part 32 lending limits regulation that will address temporary funding arrangements in emergency situations. OCC Bulletin 2008-8, interim final rule (PDF), Comment
Lending	03/03/2008	The Office of the Comptroller of the Currency issued a statement regarding the reporting of securitized subprime adjustable rate residential mortgages. News Release 2008-27
Lending	02/29/2008	The Office of the Comptroller of the Currency is requiring large national banks that service mortgages to provide comprehensive mortgage data on a monthly basis. News Release 2008-24
Lending	01/28/2008	Home Mortgage Disclosure Act. OCC 2008-1, Final Rule, (PDF) Comment
Regulations	04/24/2008	The Office of the Comptroller of the has issued a final rule to reduce unnecessary regulatory burden, update certain rules, and make certain technical, clarifying, and conforming changes to its regulations. OCC Bulletin 2008-11, Final rule, NR 2008-47, Comments
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Risk Management	06/11/2008	The Comptroller of the Currency John C. Dugan unveils a new OCC Mortgage Metrics Report. Release 2008-65, Speech (PDF), OCC Mortgage Metrics Report (PDF)
Risk Management	03/06/2008	The potential risks associated with a national banking organization's strategic divestiture of certain asset management business lines. OCC Bulletin 2008-5
Risk Management	03/06/2008	Senior financial supervisors from five countries issued a report that assesses a range of risk management practices among a sample of major global financial services organizations. News Release 2008-29, Report (PDF), Transmittal Letter (PDF)
Speeches and Testimony	07/30/2008	Statement of Comptroller of the Currency John C. Dugan on Enactment of Housing Legislation. NR 2008-92
Speeches and Testimony	07/28/2008	Comptroller of the Currency John C. Dugan made the following statement at a press conference on mortgage finance sponsored by the Department of Treasury. NR 2008-90
Speeches and Testimony	07/07/2008	Comptroller Dugan Tells OCC Examiners that Agency Must Continue to Focus on Consumer Compliance. Release 2008-76, Remarks (PDF)
Speeches and Testimony	06/05/2008	Comptroller of the Currency John C. Dugan updated today the Committee on recent events in the financial markets and the condition of the national banking system. Release 2008-63, Oral Statement (PDF), Written Testimony (PDF)
Speeches and Testimony	05/22/2008	Comptroller Dugan tells lenders that unprecedented home equity loan loss. Release 2008-58, Speech (PDF)
Speeches and Testimony	04/17/2008	The Chief Counsel and First Senior Deputy Comptroller Julie L. Williams testified before the House Committee on Financial Services about the OCC's views on H.R. 5244, the Credit Cardholders' Bill of Rights of 2008. NR 2008-45, Speech (PDF), Testimony (PDF)
Speeches and Testimony	04/09/2008	The Comptroller of the Currency, John C. Dugan testified before the House Financial Services Committee on the draft FHA Housing Stabilization and Homeownership Retention Act of 2008. NR 2008-38, Testimony (PDF), Statement (PDF)
Speeches and Testimony	03/04/2008	Comptroller of the Currency John C. Dugan told a Senate Committee that while the banking system is fundamentally sound, it is being tested by large and unprecedented credit market disruptions plus the slowdown in the economy. News Release 2008-28, Summary, Testimony (PDF)
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Speeches and Testimony	03/03/2008	Comptroller of the Currency John C. Dugan said that many national banks in the United States have indicated they will take advantage of the flexibility provided by the 36-month window for Basel II implementation provided in the final U.S. rule. NR 2008-26, Speech (PDF), Summary
Speeches and Testimony	02/14/2008	Comptroller of the Currency John C. Dugan issued the following statement responding to comments from New York Governor Eliot Spitzer. NR 2008-16
Speeches and Testimony	02/13/2008	Deputy Comptroller for Compliance Policy Ann F. Jaedicke discussed the Community Reinvestment Act in testimony before the House Committee on Financial Services. NR 2008-15, Statement (PDF), Testimony (PDF)
Speeches and Testimony	02/12/2008	Comptroller Dugan Urges Action to Help Communities Suffering from Effects of Mortgage Foreclosure Crisis NR 2008-14, Speech (PDF)
Speeches and Testimony	01/31/2008	Comptroller of the Currency addressed the Florida Bankers Association in Miami. NR 2008-9