The FDIC established a new Office of Supervisory Appeals to "consider and decide appeals of material supervisory determinations." The new Office replaces the Supervision Appeals Review Committee and is intended to enhance the independence of the appeals process and ensure accountability in the examination process.
The OCC outlined its bank supervision operating plan for fiscal year 2022. The plan serves as guidance to staff members in their supervision of banking entities.
The FDIC, the Federal Reserve Board and the OCC provided a due diligence guide to aid community banks with their risk assessments of FinTech companies.
In testimony before the Senate Banking Committee, Federal Reserve Board Vice Chair for Supervision Randal K. Quarles provided legislators with an update on the effects and wind-down of programs implemented in response to the pandemic.