On August 27, 2026, the OCC and FDIC issued a joint final rule defining 'unsafe or unsound practice' for enforcement purposes. The intent is to clarify supervision and focus on material financial risks.
What changed
Introduced clear definitions and criteria for 'unsafe or unsound practices' affecting national banks and federal savings associations.
Compliance perspective
Regulated entities need to ensure adherence to the new supervisory clarifications to avoid penalties.
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