08/22/2014 OCC 2014-42, Credit Practices Rules: Interagency Guidance Regarding Unfair or Deceptive Credit Practices
The OCC, the Board of Governors of the Federal Reserve System, the Consumer Financial Protection Bureau, the Federal Deposit Insurance Corporation, and the National Credit Union Administration are issuing a statement to clarify that the repeal of credit practices rules applicable to depository institutions does not mean that the unfair or deceptive acts or practices described in those former regulations are permissible.
08/20/2014 OCC 2014-41, Merchant Processing: Revised Comptroller's Handbook Booklet
OCC Bulletin 2014-41 announced that the OCC is issuing the "Merchant Processing" booklet of the Comptroller's Handbook, which provides updated guidance on assessing and managing the risks associated with merchant processing activities. It replaces the booklet of the same name issued in December 2001.
08/19/2014 NR 2014-113, Federal Financial Institutions Regulatory Agencies Announce Availability of 2013 Small Business, Small Farm, and Community Development Lending Data
The three federal banking agency members of the Federal Financial Institutions Examination Council (FFIEC) with Community Reinvestment Act (CRA) responsibilities - the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency - announced today the availability of data on small business, small farm, and community development lending reported by certain commercial banks and savings associations, pursuant to the CRA.