Hot Topics

• NYBA President and CEO Clare Cusack delivered testimony yesterday to the New York City Banking Commission, consisting of representatives from the offices of New York City Mayor Eric Adams, Comptroller Brad Lander, and Finance Commissioner Preston Niblack, addressing the City’s process for designating banks eligible to receive deposits of New York City funds.
  
  
• The OCC released revisions to its policies and procedures manual on bank enforcement actions to reflect its consideration of actions against banks that exhibit or fail to correct persistent weaknesses.