Notices and information from other, related federal agencies of interest (FinCEN, etc.)
State requests for extensions of the implementation period for the establishment programs to register and supervise appraisal management companies (AMC) are among the items for discussion in the May 9 meeting of the Appraisal Subcommittee […]
The future of regulatory relief legislation passed by the Senate faces dismal prospects if the House makes changes to the bill and sends it back for reconsideration by the upper chamber, a Senate co-author of […]
Financial institutions have about 2 1/2 weeks to ensure they’re in compliance with a “customer due diligence” (CDD) rule published two years ago by the Treasury Department’s Financial Crimes Enforcement Network (FinCEN). A House subcommittee […]
Compliance dates would be extended by up to nine months for a regulation applying qualified financial contract (“QFC”) recordkeeping requirements related to orderly liquidation authority (OLA), under a Treasury Department notice of a final rule […]
The federal panel that sets real estate appraisal requirements and rules will open its national registry of appraisal management companies (AMCs) to the states by July 16, six weeks later than originally planned. States that […]
Legislation giving the Federal Reserve sole rulemaking authority for the “Volcker rule” creates efficiency – but it doesn’t eradicate the rule, the chairman of the House committee that reported out the bill said last week. […]
Limiting the frequency of “stress tests” that measure the ability of banks to withstand economic challenges, and restraining the scope of regulation over non-bank banks, were the focus of two bills passed by the House […]
A bill giving the Federal Reserve Board sole rulemaking authority over the so-called “Volcker rule,” exempting most “community banks” from the provision, was adopted by the House Friday on a vote of 300-104. The Volcker […]
Guidance for financial institutions considering special insurance to offset financial losses from data breaches and other cyber incidents is offered in a joint statement released Tuesday by federal financial institution regulators. However, the regulators noted […]
A request from TriStar Bank for a one-year waiver from the federal requirement to use certified appraisers in real estate transactions will be taken up by the Federal Financial Institutions Examination Council (FFIEC) Appraisal Subcommittee […]
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