Regulatory News – 1/8/2024

On December 19, the Fed released a list of enforcement actions that included A Written Agreement with Marblehead Bancorp of Marblehead, Ohio to address deficiencies that were identified in an examination in September of 2023. The agreement requires Marblehead to...

Regulatory News – 12/19/2023

On December 13, Congressman Mike Turner (R-OH) Introduced the Protecting Against Paperless and Electronic Requirements (PAPER) Act to prohibit banks from forcing consumers to use electronic statements instead of paper statements. According to Congressman Turner, “For...

Regulatory News – 12/12/2023

On December 5, the Deputy Comptroller for Compliance Policy and Acting Deputy Comptroller for the Office of Financial Technology Donna Murphy testified on the activities and initiatives of the Office of the Comptroller of the Currency’s (OCC) Office of Financial...

Regulatory News – 12/5/2023

On November 28, the Fed announced the termination of enforcement action against Hazard Bancorp and Peoples Bank and Trust Company of Hazard, Kentucky requiring them to strengthen board oversight of the banks’ management and operations. On December 1, The Fed released...

Regulatory News – 11/27/2023

On November 22, Federal bank regulatory agencies announced that they have extended the comment period for their proposed rule to require large banks to maintain long-term debt from November 30, to January 16, 2024. The extension is to allow interested parties more...