The OCC updated its Policies and Procedures Manual on assessing civil money penalties in response to misconduct.
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Comments must be submitted by June 13, 2022 on proposed amendments to rules and procedures used for federal banking agency admi nistrative hearings and adjudications.
Banking agencies proposed rule amendments to update policies and procedures to allow increased use of electronic communications in administrative proceedings for supervised financial institutions.
The CFTC declined to authorize compliance with a subpoena for documents issued by an OCC administrative law judge after a finding that the subpoena was invalid and otherwise objectionable.
A joint final rule by the banking regulators that codifies a 2018 Interagency Statement Clarifying the Role of Supervisory Guidance was published in the Federal Register. The OCC and CFPB published in the Federal Register their issuances of the rulemaking, to become effective on March 15, 2021.