The Fed – Page 110 – Regulatory Report

What's up

[ January 9, 2025 ] Agency recognizes first standard-setting group for ‘open banking;’ conditions apply to five-year approval CFPB
[ January 8, 2025 ] Banks in areas affected by California fires may close, OCC proclaims OCC
[ January 7, 2025 ] Final rule limiting use of medical information by creditors, including eligibility for credit, given green light CFPB
[ January 7, 2025 ] CFPB, citing ‘sham investigations,’ says Experian failed consumers who disputed credit report data; suit seeks redress, fines CFPB
[ January 7, 2025 ] Credit risk, balance sheet management top supervisory priorities in 2025 by credit union regulator NCUA

Prudential Standards for Large Bank Holding Companies, Savings and Loan Holding Companies, and Foreign Banking Organizations

November 1, 2019 0

Title: Prudential Standards for Large Bank Holding Companies, Savings and Loan Holding Companies, and Foreign Banking Organizations Subject: Prudential standards Agency: Federal Reserve Status: Final rule Summary: The Board of Governors of the Federal Reserve […]

‘Leveraged lending’ by business remains concern; Fed closely monitoring

October 30, 2019 0

In a press conference largely dominated by questions about the latest interest rate-cutting action by the Federal Reserve’s rate-setting committee (of 25 basis points), the chair of the agency’s board indicated Wednesday that high leverged […]

Reg Z, M exemption thresholds increased to $58,300 for consumer credit, leases in 2020

October 29, 2019 0

Dollar thresholds have been set at $58,300 for determining exempt consumer credit and lease transactions in 2020 under rule changes issued jointly by the Federal Reserve and the Consumer Financial Protection Bureau (CFPB) and slated […]

TILA appraisal exemption for higher-priced mortgages increasing to $27,200 in January

October 29, 2019 0

The appraisal exemption threshold under Regulation Z (Truth in Lending Act) for higher-priced mortgage loans (HPMLs) is rising from $26,700 to $27,200 as of Jan. 1, 2020, according to a filing with the Federal Register. […]

Final ‘living will’ rule reduces requirements for smaller firms; only small firms may request changes

October 29, 2019 0

“Living will” (or resolution plan) requirements would be reduced for smaller financial firms that pose less risk to the financial system under a rule made final Monday by two federal banking regulators. The Federal Reserve […]

Agencies clear swap margin rule proposal for Federal Register; Brainard echoes concern about inter-affiliate swaps

October 28, 2019 0

A joint-agencies proposal to revise swap margin rules to remove the need for holding initial margin for uncleared swaps with affiliates is headed for publication soon in the Federal Register, after which comments will be […]

Fed names four new community advisory panel members for 2020

October 24, 2019 0

Four individuals were named to the Community Advisory Council (CAC) of the Federal Reserve Board Thursday for three-year terms that begin in 2020. The council is composed of a diverse group of experts and representatives […]

Three ‘guidance’ letters from FRB found to be rules, subject to review (and possible overturning) by Congress

October 24, 2019 0

Three “guidance” letters issued as long ago as 2011 are rules under the purposes of the Congressional Review Act (CRA) and thus are subject for consideration to be overturned by Congress, the congressional watchdog said […]

Report: Timing unclear about Senate panel consideration for nominations to two open Fed board seats

October 23, 2019 0

The timing remains unclear about when the White House will formally nominate a pair of candidates for empty seats on the Federal Reserve Board, the chairman of the Senate Banking Committee said Wednesday. As reported […]

FDIC urges responses on exam rating system use, related enforcement

October 23, 2019 0

Feedback on the consistency of ratings assigned by banking regulators under the Uniform Financial Institutions Rating System, or CAMELS ratings, was urged in a Financial Institution Letter issued Wednesday by the Federal Deposit Insurance Corp. […]

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Agency recognizes first standard-setting group for ‘open banking;’ conditions apply to five-year approval

January 9, 2025 0

A non-profit organization operating in the United States and Canada is the first to be recognized as a standard-setting body for open banking, the federal consumer financial protection agency said late Wednesday. The application by Financial Data Exchange (FDX) to [...]
Banks in areas affected by California fires may close, OCC proclaims

January 8, 2025 0

National banks and federal savings institutions may close in areas affected by the fires in the Los Angeles area, the national bank regulator said Wednesday. The Office of the Comptroller of the Currency (OCC) said, by its proclamation, it expects [...]
Final rule limiting use of medical information by creditors, including eligibility for credit, given green light

January 7, 2025 0

A regulatory exception that previously permitted a creditor to obtain or use medical information, including medical debt information, is removed under a new rule on medical debt collection issued Tuesday by the federal consumer financial protection agency. The Consumer Financial [...]
CFPB, citing ‘sham investigations,’ says Experian failed consumers who disputed credit report data; suit seeks redress, fines

January 7, 2025 0

A lawsuit alleging that consumer reporting agency Experian unlawfully failed to properly investigate consumers’ disputes over information in their credit reports was filed Tuesday by the Consumer Financial Protection Bureau (CFPB). The CFPB said that Experian Information Solutions, Inc. – [...]
Credit risk, balance sheet management top supervisory priorities in 2025 by credit union regulator

January 7, 2025 0

Credit risk, balance sheet management, and risk to earnings and net worth are among the top supervisory priorities for the federal credit union agency in the new year, it said in a letter to the institutions is supervises Tuesday. The [...]
Fed’s top supervisor announces resignation effective next month in advance of new president

January 6, 2025 0

The top regulatory supervisor for the Federal Reserve will step down from his post in late February but will remain on the board of the agency as he continues to fill his board term which runs to the next decade, [...]
CFPB sues Berkshire Hathaway affiliate that it says pushed people into unaffordable mobile home loans

January 6, 2025 0

A suit filed Monday by the federal consumer financial protection agency says that a financing unit of Clayton Homes, Inc. – the largest manufactured home builder in the U.S. and a wholly owned subsidiary of Berkshire Hathaway, Inc. – provided [...]
Eighth largest bank earns ‘outstanding’ rating for CRA compliance in FDIC latest rankings

January 3, 2025 0

Five banks – including eighth largest in the nation — were rated “outstanding” in their lending to low- and moderate-income (LMI) borrowers following examinations for anti-redlining rules; one bank was rated “needs improvement,” according to results for October released Friday [...]