US Banking Developments


OCC announces updated guidance. The OCC announced that it has updated its policies and procedures regarding violations of laws and regulations. This policy is effective on July 1, 2017. These updates are reflected in the “Bank Supervision Process,” “Community Bank Supervision,” “Federal Branches and Agencies,” and “Large Bank Supervision” booklets and other sections of the Comptroller’s Handbook and internal guidance. (5/23/2017)

OCC to host Atlanta workshop for board directors bank management. The OCC announced that it will be hosting a workshop in Atlanta at the Sheraton Atlanta Hotel, June 26-28, for directors, senior management team members and other key executives of national community banks and federal savings associations supervised by the OCC. The Building Blocks for Directors workshop, which will provide practical information on the roles and responsibilities of board participation, will focus on duties and core responsibilities of directors and management, discuss major laws and regulations, and increase familiarity with the examination process. (5/16/2017) 

OCC to host credit risk and operational risk workshops in Nashville. The OCC announced that it will be hosting two workshops at the Inn at Opryland in Nashville, Tenn., June 20-21, for directors of national community banks and federal savings associations supervised by the OCC. The June 20 Credit Risk workshop will focus on credit risk within the loan portfolio, identifying trends and recognizing problems, the roles of the board and management, how to stay informed of changes in credit risk, and how to effect change. The June 21 Operational Risk workshop, which will focus on the key components of operational risk: people, processes and systems, will also cover governance, third-party risk, vendor management, and cybersecurity. (5/11/2017) 


CFPB requests feedback on ways to bridge the information gap on small business lending. The CFPB announced that it has launched an inquiry into ways to gather and use new and existing information to identify the financing needs of small businesses, especially those owned by women and minorities. The request for information asks for public feedback to help the Bureau better understand how to bridge this information gap. (5/10/2017)