On May 5, the Consumer Financial Protection Bureau (Bureau) issued a proposed rule that would prohibit covered providers of certain consumer
On January 29, the federal financial regulatory agencies, in partnership with the State Liaison Committee of the Federal Financial Institutions
On December 19, six federal financial regulatory agencies announced that they are extending the comment period for their proposed policy statement
On December 10, five financial regulatory agencies (the Board of Governors of the Federal Reserve System, Office of the Comptroller of the Currency
On August 15, six federal financial regulatory agencies issued a proposed rule to establish new appraisal requirements for "higher-risk mortgage loans."
On January 31, four federal financial regulatory agencies, the Federal Reserve Board, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Office of the Comptroller of the Currency, issued supervisory guidance on allowance for loan and lease losses estimation practices associated with loans and lines of credit secured by junior liens on one- to four-family residential properties, including second mortgages and home equity lines of credit taken out by mortgage borrowers.
On January 17 the Federal Deposit Insurance Corporation approved a notice of proposed rulemaking (NPR) that would require certain depository institutions with more than $10 billion in consolidated assets to conduct annual capital-adequacy stress tests.
On December 2, the federal financial regulatory agencies issued final supervisory guidance on sound practices by financial institutions for real estate appraisals and evaluations.
The following summarizes sections of the Restoring American Financial Stability Act of 2010, a bill introduced by Senate Banking Committee Chairman Christopher Dodd (D-Conn.).
The Federal Reserve on January 7 released an advisory reminding depository institutions of supervisory expectations for sound practices in managing interest rate risk.