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[ March 27, 2020 ] Interim rule gives some banks breathing room on CECL, counterparty credit risk derivatives contracts FDIC
[ March 27, 2020 ] Consumer bureau seeks input for task force on federal consumer financial law CFPB
[ March 27, 2020 ] Basel committee pushes back capital requirements by one year in response to coronavirus Other
[ March 27, 2020 ] Streamlined CDFI application process for credit unions opens March 29, NCUA says NCUA
[ March 27, 2020 ] OCC’s ‘Interest Rate Risk’ booklet for bank examiners updated OCC

Interim rule gives some banks breathing room on CECL, counterparty credit risk derivatives contracts

March 27, 2020 0

Mitigating effects of the current expected credit loss (CECL) accounting standard for up to two years in banks’ regulatory capital standard is the aim of an interim final rule issued Friday by the federal banking agencies. The interim rule also [...]
Consumer bureau seeks input for task force on federal consumer financial law

March 27, 2020 0

A task force created by the federal agency charged with consumer financial protection is seeking public input to identify areas of consumer protection the task force should focus on as it works to prepare a final set of recommendations for [...]
Basel committee pushes back capital requirements by one year in response to coronavirus

March 27, 2020 0

International bank capital requirements will be delayed by one year – to January 2023 – following a decision Friday designed to give the industry more breathing room during the coronavirus crisis. The decision by the Basel Committee on Banking Supervision [...]
Streamlined CDFI application process for credit unions opens March 29, NCUA says

March 27, 2020 0

Low-income-designated, federally insured credit unions will be able to access the National Credit Union Administration’s (NCUA) qualification process for “streamlined” community development financial institution (CDFI) certification beginning March 29 (Sunday), the agency said Thursday. Credit unions certified as CDFIs can [...]
OCC’s ‘Interest Rate Risk’ booklet for bank examiners updated

March 27, 2020 0

A revised bank examiners booklet on interest-rate risk was released Thursday by the Office of the Comptroller of the Currency (OCC) and replaces the one of the same name issued in June 1997. The “Interest Rate Risk” booklet of the [...]
Credit unions with questions about agency response to coronavirus crisis can tap into March 31 webinar

March 27, 2020 0

Recently issued guidance and changes to the examination program of the federal credit union regulator will be among the topics of a March 31 webinar about the agency’s response to the coronavirus crisis, the agency said Friday. The National Credit [...]
Two-week extension added for off-site exam, supervision activities (to April 12)

March 27, 2020 0

Two weeks have been added for conducting off-site supervisory and other activities by the federal bank deposit insurer, to April 12, the agency announced Friday, as it continues to deal with the impact on the coronavirus crisis on supervised institutions. [...]
UPDATED: Agencies postpone Friday webinar clarifying guidance on troubled debt restructuring in face of coronavirus crisis

March 27, 2020 0

The banking agencies postponed a joint webinar initially set for 2 p.m. ET Friday dealing with troubled debt restructuring (TDR) in the context of working constructively with borrowers affected by the coronavirus crisis. The agencies announced the postponement late Thursday. [...]