Fed, FDIC & OCC Delay CECL Adoption for Two Years

The federal bank regulatory agencies announced optional extension of the regulatory capital transition for the new credit loss accounting standard.

March 30, 2020 Board of Governors of the Federal Reserve System | CECL | Current Expected Credit Loss | Federal Deposit Insurance Corporation | Office of the Comptroller of the Currency Phil Neuffer

Regulators Offer Guidance for Troubled Debt Restructurings

The Fed, FDIC, NCUA, OCC, CFPB) and state banking regulators issued an interagency statement for financial institutions working with borrowers affected by the coronavirus. FASB concurs with the approach.

March 23, 2020 Board of Governors of the Federal Reserve System | CFPB | Consumer Financial Protection Bureau | coronavirus | COVID-19 | FASB | FDIC | Federal Deposit Insurance Corporation | FRB | NCUA | OCC | Office of the Comptroller of the Currency | State Banking Regulators | the National Credit Union Administration Phil Neuffer

Reuters: OCC Will Reivew Wells Fargo CEO Pick

Reuters reported that the Office of the Comptroller of the Currency told Congress that it will will review the next pick for Wells Fargo’s chief executive.

May 16, 2019 Joseph Otting | Office of the Comptroller of the Currency | wells fargo Amanda Koprowski

First Federal and CBC Receive Regulatory Approval for Merger

First Federal Bancorp and Coastal Banking Company received all required approvals from the Federal Reserve Bank of Atlanta, the Office of the Comptroller of the Currency, and the South Carolina Office of the Commissioner of Banking for their previously announced merger.

March 22, 2018 CBC National Bank | Coastal Banking Company | Federal Reserve Bank of Atlanta | First Federal Bancorp | First Federal Bank of Florida | Keith Leibfried | Office of the Comptroller of the Currency | South Carolina Office of the Commissioner of Banking Amanda Koprowski

Regulators Scrutinize Effect of Falling Energy Prices

Reuters reported regulators are scrutinizing the impact of falling energy prices on bank loans in a move that could make it more difficult for lenders to extend extra credit to troubled oil and gas companies.

September 14, 2015 Office of the Comptroller of the Currency | Oil & Gas Rita Garwood

Cunningham Named OCC’s First Chief Risk Officer

Linda Cunningham was named the first Chief Risk Officer at the Office of the Comptroller of the Currency.

August 13, 2015 Linda Cunningham | Office of Enterprise Risk Management | Office of the Comptroller of the Currency Rita Garwood