The OCC and FDIC issued a final rule defining 'unsafe or unsound practice' for enforcement purposes and revised the framework for Matters Requiring Attention (MRAs). Unsafe practices must be contrary to generally accepted standards and likely to materially harm a bank's financial condition.
What changed
Defined unsafe practices in banking and narrowed MRA scope to only material risks and violations of law.
Compliance perspective
Banks must reassess their operations to avoid practices that may now fall under the definition of unsafe or unsound.
Key date
Effective date: August 27, 2026.
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