Events listed in Dodd-Frank Act
Appraisals for Higher-Priced Mortgage Loans Exemption Threshold
ID 26001
As previously announced, the Consumer Financial Protection Bureau (CFPB), the Federal Reserve Board (FED), and Office of the Comptroller of the Currency (OCC) have now published in the Federal Register their joint regulation to increase the threshold for exempting loans from special appraisal requirements for higher-priced mortgage loans from $31,000 to $32,400, effective January 1, 2024. This means that financial institution granting mortgage loans ...
Consumer Leasing (Regulation M)
ID 25998
As previously announced, the Consumer Financial Protection Bureau (CFPB) and the Federal Reserve Board (FED) have now published in the Federal Register their amendment to Regulation M (Consumer Leasing Regulation) to adjust the threshold indicating whether or not a leasing agreement falls under the regulation and is thus subject to enhanced disclosure and marketing requirements on part of the lessor. In detail, the agencies ...
Truth in Lending (Regulation Z)
ID 25988
As previously announced, the Consumer Financial Protection Bureau (CFPB) and the Federal Reserve Board (FED) have now published in the Federal Register their amendment to Regulation Z (Truth in Lending Regulation) to adjust the threshold indicating whether or not a credit agreement falls under the regulation and is thus subject to enhanced disclosure and marketing obligations or restrictions and extended customer privileges as to ...
Regulatory Capital Rules: Risk-Based Capital Requirements for Depository ...
ID 25937
As announced in October 2023 (EventID 23337), the Board of Governors of the Federal Reserve System (FED) has now published in the Federal Register its final rule with respect to the capital requirements for Depository Institution Holding Companies (DIHCs) significantly engaged in insurance activities. These institutions were so far exempt from capital requirements which is why new rules were sought to enhance the resilience ...
Agencies extend comment period on proposed rule to require large banks to maintain ...
ID 25893
The Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (FED), and the Federal Deposit Insurance Corporation (FDIC) (collectively referred to as the „agencies“ or „regulators“) have published a press statement to **announce the extension of the comment period up to January 16, 2024 on their proposed rule amendments to require certain large depository institution holding ...
Guidance on Nonbank Financial Company Determinations
ID 25847
**Following a corresponding consultation (EventID 20857) and the issuance of a final guidance (EventID 23787) as to the determination by the Financial Stability Oversight Council (FSOC) whether or not a non-bank financial company should be supervised by the Federal Reserve Board and subject to prudential standards in accordance with section 113 of the Dodd-Frank Act, the Board of Governors of the Federal Reserve System ...
Agencies announce dollar thresholds for smaller loan exemption from appraisal ...
ID 25781
The Consumer Financial Protection Bureau (CFPB), the Federal Reserve Board (FED), and Office of the Comptroller of the Currency (OCC) have announced an upcoming regulation to increase the threshold for exempting loans from special appraisal requirements for higher-priced mortgage loans from $31,000 to $32,400, effective January 1, 2024. This means that financial institution granting mortgage loans of less than $32,400 will not need to ...
Agencies announce dollar thresholds for applicability of truth in lending and ...
ID 25769
The Consumer Financial Protection Bureau (CFPB) and the Federal Reserve Board (FED) have announced amendments to Regulation M (Consumer Leasing Regulation) and Regulation Z (Truth in Lending Regulation) to adjust the thresholds indicating whether or not a lease transaction or credit agreement falls under the corresponding regulations and is thus subject to enhanced disclosure and marketing obligations or restrictions and extended customer privileges as ...
Acting Comptroller Issues Statement at Financial Stability Oversight Council ...
ID 25647
The Office of the Comptroller of the Currency (OCC) has issued a statement in view of the finalized analytical framework for the identification, assessment, and response to potential risks to U.S. financial stability and the finalized interpretive guidance for the determination of whether or not a non-bank financial company should be „designated“ and thus be subject to Federal Reserve supervision and prudential requirements. Both ...
FSOC Approves Analytic Framework for Financial Stability Risks and Guidance on ...
ID 25645
The U.S. Department of the Treasury, USDT, has published a **press statement to inform that it has finalized the analytical framework for the identification, assessment, and response of the USDT’s Financial Stability Oversight Council (FSOC) to potential risks to U.S. financial stability and the interpretive guidance for the determination of whether or not a non-bank financial company should be „designated“ and thus be subject ...