During our October Monthly Connection, Jerod gave a quick hit on some of the recent OCC actions to reduce regulatory burden for community banks. This included the announcements of both guidance and proposed rulemakings.
Bulletins 2025-24 and 2025-25 were issued to clarify the OCC’s examination procedures for community banks. Essentially, the OCC will be moving away from its current fixed examination requirements and will move towards a risk-based approach regarding an examination’s frequency and scope. It also indicated that community banks will no longer be examined using the procedures and standards in the "Retail Nondeposit Investment Products" (RNDIP) booklet of the Comptroller's Handbook. Community banks are still expected to follow all laws and regulations applicable to their RNDIP offerings and comply with all pertinent legal requirements.
Bulletin 2025-26 addressed Model Risk Management and Bulletins 2025-27 and 2025-28 announced Notice of Proposed Rulemakings to rescind the OCC’s Fair Housing Home Loan Data System and amend its regulations on Community Bank Licensing Requirements.
Listen to what Jerod had to say: