Comptroller’s Handbook

Installment Lending: Revised Comptroller’s Handbook Booklet and Rescissions

On February 12, the Office of the Comptroller of the Currency (“OCC”) released the “Installment Lending” portion of the Comptroller’s Handbook.  OCC regulators utilize this document in connection with regulation of national banks and federal savings associations and the risks associated with installment loans.  Release.

The Office of the Comptroller Provides Updated Guidance for Risk Assessment System

On December 3, 2015, the Office of the Comptroller of the Currency (“OCC”) provided updated guidance for its risk assessment system (“RAS”). The guidance (i) clarifies the relationship between RAS and the Uniform Financial Institutions Rating System (“CAMELS”), (ii) revises the definition of banking risk, (iii) expands the “quality of risk management” assessment, and (iv) expands strategic and reputation risk assessments. These updates affect the following booklets of the Comptroller’s Handbook: “Bank Supervision Process,” “Community Bank Supervision,” “Federal Branches and Agencies Supervision,” and “Large Bank Supervision.” Press Release.

OCC Releases Revised Comptroller’s Handbook

On August 20, the OCC released an updated booklet providing guidance to examiners and bankers on assessing and managing the risks associated with merchant processing activities. The booklet replaces the earlier version issued in December 2001. The booklet addresses a variety of topics including, among others, data security standards in the payment card industry for merchants and processors.  Press ReleaseUpdated Booklet.