A proposed rule raising the threshold for mandatory appraisals on residential real estate from $250,000 to $400,000 – which would match, if approved, the appraisal level set by federal banking agencies just last month – […]
Persons convicted of minor offenses, including those who were young adults at the time, would no longer need a waiver to get a job at a credit union from the federal regulator, the agency’s board […]
Banking regulators this week finalized the standardized approach for measuring counterparty credit risk (SA-CCR), but only after making some changes in response to commenters. According to the agencies’ Tuesday announcement, this updated methodology – adopted […]
A Dec. 2 comment deadline is the next item in the timeline toward eventual approval of the 2020-2021 budget for the National Credit Union Administration (NCUA). The agency held a public briefing on the proposed […]
Overdraft protection may be coming up again soon at the federal consumer financial protection agency – but it’s not clear precisely when, according to the fall 2019 rulemaking agenda posted by the agency Wednesday. The […]
Mike McKenna, general counsel for the National Credit Union Administration since 2011, has retired from the agency and will be replaced in “acting” capacity by Frank Kressman while a search for a replacement proceeds, the […]
A final rule issued in October on other real estate owned (OREO) by national banks and federal savings associations (FSAs) will take effect Jan. 1, 2020, instead of Dec. 1, 2019, the Office of the […]
Addressing the effectiveness of integrated disclosures required under federal regulations for real estate transactions is the subject of an assessment to be conducted by the federal consumer financial protection agency, the agency said Wednesday. In […]
Title: Single-Counterparty Credit Limits for Bank Holding Companies and Foreign Banking Organizations Subject: Single-counterparty credit limits Agency: Federal Reserve Status: Final rule Summary: The Board is adopting a final rule to amend the compliance dates […]
The reserve requirement exemption and low reserve tranche established under the Federal Reserve’s Regulation D and applied to banks, savings associations, and credit unions are being adjusted upward by about 4.3% and 3.4%, respectively, for […]
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