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OCC Advances Community Bank Comeback, Reduces Exam Burden for Smallest Institutions
Source: Office of the Comptroller of the Currency
Regulation & LegislationBanking & Liquidity
The Office of the Comptroller of the Currency issued an interim final rule raising the asset threshold to $6 billion for certain supervised institutions to qualify for an 18-month on-site examination cycle. The change, implemented under the 21st Century ROAD to Housing Act, modestly reduces examination frequency for eligible smaller banks.
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