Note for Community Banks This booklet applies to the examinations of OCC-supervised institutions that consummate or establish consumer credit products covered by the MLA and 32 CFR 232 as of October 3, 2016. Highlights The booklet incorporates the 2016 interagency MLA examination procedures under the Comptroller’s Handbook template for OCC examiners.4 Consistent with the July 2015 regulatory amendments, the booklet reflects the expansion of MLA protections to a broader range of consumer credit products. rules for determining the fees and charges that are included within the calculation of the military annual percentage rate (MAPR) and for calculating the MAPR. the optional safe harbor methods available to creditors for identifying covered service members and dependents (covered borrowers). disclosures that creditors are required to provide to covered borrowers. limitations on consumer credit extended to covered borrowers. These amended regulatory requirements went into effect on October 3, 2016, for consumer credit products other than credit cards. The requirements relating to credit card accounts became effective October 3, 2017. Related Link Source . Comment: Although not a part of the MLA, please note that S 2155 restored the foreclosure protections for servicemembers! No foreclosure without court approval during active duty and for one year after. OCC Hosts Operational Risk Workshop in Pennsylvania (05.07.2018) WASHINGTON — The Office of the Comptroller of the Currency (OCC) will host a workshop in Harrisburg, Pa., at the Crowne Plaza Harrisburg-Hershey, June 20, for directors of national community banks and federal savings associations supervised by the OCC. The Operational Risk workshop focuses on the key components of operational risk—people, processes, and systems. The workshop also covers governance, third-party risk, vendor management, internal fraud, and cybersecurity. The workshop fee is $99. Participants receive course materials and assorted supervisory publications. The workshop is limited to the first 35 registrants. The workshops are taught by experienced OCC staff and are offered nationwide to enhance and expand the skills of national community bank and federal savings association directors. To register for this workshop, visit www.occ.gov/occworkshops. Source .
Note for Community Banks This booklet applies to the examinations of OCC-supervised institutions that consummate or establish consumer credit products covered by the MLA and 32 CFR 232 as of October 3, 2016. Highlights The booklet incorporates the 2016 interagency MLA examination procedures under the Comptroller’s Handbook template for OCC examiners.4 Consistent with the July 2015 regulatory amendments, the booklet reflects the expansion of MLA protections to a broader range of consumer credit products. rules for determining the fees and charges that are included within the calculation of the military annual percentage rate (MAPR) and for calculating the MAPR. the optional safe harbor methods available to creditors for identifying covered service members and dependents (covered borrowers). disclosures that creditors are required to provide to covered borrowers. limitations on consumer credit extended to covered borrowers. These amended regulatory requirements went into effect on October 3, 2016, for consumer credit products other than credit cards. The requirements relating to credit card accounts became effective October 3, 2017. Related Link Source . Comment: Although not a part of the MLA, please note that S 2155 restored the foreclosure protections for servicemembers! No foreclosure without court approval during active duty and for one year after. OCC Hosts Operational Risk Workshop in Pennsylvania (05.07.2018) WASHINGTON — The Office of the Comptroller of the Currency (OCC) will host a workshop in Harrisburg, Pa., at the Crowne Plaza Harrisburg-Hershey, June 20, for directors of national community banks and federal savings associations supervised by the OCC. The Operational Risk workshop focuses on the key components of operational risk—people, processes, and systems. The workshop also covers governance, third-party risk, vendor management, internal fraud, and cybersecurity. The workshop fee is $99. Participants receive course materials and assorted supervisory publications. The workshop is limited to the first 35 registrants. The workshops are taught by experienced OCC staff and are offered nationwide to enhance and expand the skills of national community bank and federal savings association directors. To register for this workshop, visit www.occ.gov/occworkshops. Source .