Federal and State Banking Regulators Issue New Examination Procedures on Sampling Methodologies, UDAP/UDAAP, and CARES Act

August 04, 2020

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Ballard Spahr LLP--Scott A. Coleman & Lori J. Sommerfield

Federal banking regulators have issued new sets of examination procedures including the OCC with two significant examination booklets on sampling methodologies and UDAP/UDAAP together with state financial regulators issued interagency exam guidance for assessing safety and soundness of financial institutions due to COVID-19 and the FRB also issued examiner guidance on the credit reporting and mortgage servicing provisions of the federal CARES Act.

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