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The OCC is expected by year-end to issue high-level guidance for banks on assessing how they contribute to climate change and how it impacts them. The agency and other regulators may next consider further actions, such as giving Community Reinvestment Act credit for financing environment-friendly projects and even more rigorous stress tests, analysts say.
November 10 -
The federal bank regulators had relaxed certain requirements in April 2020 due to the COVID-19 crisis. But they said in a new joint statement that servicers “have had sufficient time to adjust their operations” since that time.
November 10 -
The cobranded Amex-Morgan Stanley brokerage card replaces one that offered loyalty points instead of cash.
November 10 -
Criminals are finding weaknesses in the complex network of applications on banks' sites and exploiting them to launch attacks.
November 10 -
The Minneapolis company is planning a dramatic reduction in greenhouse gas emissions from its operations and the activities it finances, matching a commitment made by many of the nation’s largest financial institutions.
November 10 -
Without the ability to build cutting-edge technology or recruit top talent, the best outcome for many small lenders is to merge with a bank seeking to enter a new market.
November 10 -
The data aggregator is recruiting partners such as Railsbank, Silicon Valley Bank and Marqeta for a project designed to make certain digital transactions easier to complete.
November 10 -
Diane Morais, the bank's consumer and commercial banking president, writes that eliminating overdrafts has had little impact on the bottom line, and she encourages more banks to do the same.
November 10
Ally Bank -
From paying for lawn care when an Army Reservist on staff was deployed to offering employees office space and laptops for their children to do school work, United Bank in Alabama aims to make life easier for the people who work there. It is also ramping up internal training programs.
November 10 -
The Federal Reserve is mulling changes to a key capital measure for big banks, rulings on several merger applications and other actions. How it ultimately decides those matters will depend largely on whom President Biden appoints as head of the central bank and to other leadership positions.
November 9

![Climate risk management standards from the OCC and others could aim to provide regulatory incentives. “If banks participate in the Chesapeake Bay regional cleanup, and that benefits a lot of minority fishermen on the Eastern Shore, I think the agencies would definitely think about giving that [Community Reinvestment Act] credit,” said a former OCC official.](https://arizent.brightspotcdn.com/dims4/default/f423715/2147483647/strip/true/crop/3746x2107+0+64/resize/1280x720!/quality/90/?url=https%3A%2F%2Fsource-media-brightspot.s3.us-east-1.amazonaws.com%2F64%2F6e%2F2f60cbf546feadc2e8b93aa43257%2Fadobestock-55069042.jpeg)









