Adopted rules – Regulatory Report

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[ October 20, 2020 ] Bureau decides to extend ‘GSE patch’ until it finalizes a rule amending general QM loan definition CFPB
[ October 20, 2020 ] Board splits on final rules for NSFR levels, TLAC requirements; OKs interim rule on audit requirement relief FDIC
[ October 20, 2020 ] Brainard calls CRA modernization critical to addressing growing scarcity of affordable housing The Fed
[ October 20, 2020 ] Quarles: FSB report will identify policy goals to make nonbank sector more resilient COVID-19 actions
[ October 20, 2020 ] Fed C&D order cites bank employee for unsafe, unsound practices The Fed

‘Adopted regulations, new rulemaking’ RFI generates 134 comments (less than 1% of all comments so far in series of 12 RFIs)

June 20, 2018 0

Comments on a “request for information” (RFI) about “Adopted Regulations and New Rulemaking Authorities” by the federal consumer financial protection agency totaled 134 as of the deadline Tuesday at midnight, according to the website that […]

[UPDATED] Latest bureau RFI looks at adopted rules – but not HMDA reporting, or payday lending

March 14, 2018 0

Adopted regulations and new rulemaking authorities are the latest topics for a “request for information” (RFI) – the eighth in the series of an expected dozen – issued by the federal consumer protection agency March […]

Bureau decides to extend ‘GSE patch’ until it finalizes a rule amending general QM loan definition

October 20, 2020 0

The so-called government-sponsored enterprise (GSE) patch – giving mortgages guaranteed by Freddie Mac and Fannie Mae “qualified mortgage” (QM) status – will be extended until a final rule is approved amending the general QM loan definition in Regulation Z, the [...]
Board splits on final rules for NSFR levels, TLAC requirements; OKs interim rule on audit requirement relief

October 20, 2020 0

The board of the federal insurer of bank deposits on split votes issued two final rules, and also issued an interim final rule Tuesday, including a regulation on bank liquidity that aims to ensure that large institutions don’t rely too [...]
Brainard calls CRA modernization critical to addressing growing scarcity of affordable housing

October 20, 2020 0

Challenges facing low- to moderate-income (LMI) and minority renters and would-be homeowners underscore the importance of getting modernization of anti-redlining laws right, the point person for the Federal Reserve’s efforts on the issue said Tuesday. In remarks to the National [...]
Quarles: FSB report will identify policy goals to make nonbank sector more resilient

October 20, 2020 0

A Financial Stability Board (FSB) report to the G20 Summit next month will give a diagnosis of the financial stability shock related to the coronavirus (COVID-19) pandemic and identify areas for possible policy action, including ways to address vulnerabilities in [...]
Fed C&D order cites bank employee for unsafe, unsound practices

October 20, 2020 0

A consent order to cease and desist has been executed with a bank employee of First Savings Bank, Jefferson, Ind., related to that individual’s supervision of the bank’s loan production office in Louisville, Ky., according to a Federal Reserve release [...]