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OCC Proposes Requirements for National Bank and Federal Savings Association Premises

USA - January 12 2021 On January 4, 2020, the US Office of the Comptroller of the Currency (“OCC”) issued a proposal to amend its regulations on ownership of real property…

Jeffrey P. Taft, Matthew Bisanz, Thomas J. Delaney.

FDIC Finalizes Changes to Brokered Deposits Restrictions

USA - January 8 2021 On December 15, 2020, the Federal Deposit Insurance Corporation ("FDIC") finalized revisions to its rules and prior guidance regarding brokered…

Anna T. Pinedo, Bradley Berman, David L. Beam, Jeffrey P. Taft, Marla L. Matusic, Matthew Bisanz, Thomas J. Delaney.

OCC Finalizes Changes to Activities and Operations Rules for National Banks and Federal Savings Associations

USA - December 16 2020 Last month, the US Office of the Comptroller of the Currency (“OCC”) finalized extensive revisions (the “Revisions”) to its rules governing the…

Jeffrey P. Taft, Matthew Bisanz, Thomas J. Delaney.

Fed’s Quarles, FDIC’s McWilliams Outline Potential Reforms to Bank Supervision

USA - December 15 2020 On December 11, 2020, US Federal Reserve Board (“Fed”) Vice Chair for Supervision Randal K. Quarles1 and US Federal Deposit Insurance Corporation…

Andrew Olmem.

U.S. Federal Reserve Launches Main Street Lending Program by Opening Lender Registration and Updates Loan and Participation Documentation

USA - June 17 2020 On June 15, 2020, the Federal Reserve launched the highly anticipated Main Street Lending Program by announcing that the program is open for lender…

Adam C. Wolk, Alexander J. Warents, Mae Rogers, Yun (Merry) Li.