Banker's Toolbox Announces — ACQUISITION OF LOAN LOSS RESERVE POWERHOUSE, MAINSTREET TECHNOLOGIES
Banker's Toolbox, Inc., leaders in compliance solutions for financial institutions, announced the acquisition of Georgia-based MainStreet Technologies (MST). MST is an industry leader in the loan risk management space. This acquisition adds to a strong and growing portfolio of compliance-related solutions and will continue to enhance the value Banker's Toolbox brings to both their customers and the industry. (Read full press release here.)
OCC proposes OREO regs amendments
The OCC has published and is inviting comment on a proposed rule that would clarify and streamline its regulations on other real estate owned (OREO) for national banks and update the regulatory framework for OREO activities at federal savings associations. The OCC is also proposing to remove outdated capital rules for national banks and federal savings associations, which include provisions related to OREO, and make conforming edits to other rules that reference those capital rules. The proposal would affect 12 CFR parts 3, 6, 34, 36, 160, 161, 163, and 167. Comments are due by June 24, 2019.