OCC adopts new interagency procedures for the new mortgage rules

The Office of the Comptroller of the Currency (OCC) recently adopted interagency examination procedures reflecting new mortgage rules requirements pursuant to the Dodd-Frank Act. These new procedures are currently being incorporated into the Comptroller's Handbook "Consumer Compliance" series. The new procedures were "developed and adopted on an interagency basis to promote consistency in the examination process and communication of supervisory expectations" (See our Feb 26, 2014, blog post for more information).

Dodd-Frank, Federal Regulatory, Office of the Comptroller of the Currency