Links in “Agencies”

The FDIC's recently published proposal would change the deposit insurance assessment system. Of the four main proposed changes, three deal with the role counterparty exposure should play in calculating assessment rates. The proposed rule is intended to affect large and highly complex institutions. [8/1/14]

When Congress passed Dodd Frank in 2010, it added 10 data elements to HMDA reporting, but it also gave the CFPB a blank check to add whatever else it determined necessary. The CFPB took that blank check, resulting in the 573-page proposal for HMDA that is now before us. [7/31/14]

Responding to industry complaints that a 30-day comment period on the proposal to add consumer complaint narratives to its complaint database, the CFPB has granted a deadline extension to 9/22/14. [7/31/14]

FinCEN and the Treasury are amending the CDD requirements as part of the BSA in an effort to increase the transparency associated with the real people that own, control, and profit from the companies using banking services. [7/31/14]

Lest you feel too happy about the improving economy, the NCUA provides a reason to worry... higher interest rates. [7/31/14]

Well, technically it's meant to help educate people with low to moderate income regarding a variety of financial decisions, practices, and products. But we can all benefit from a little more information, right? [7/31/14]

A final rule was released that revises the previous approach to RBC that applies to all banks, savings associations, bank holding companies, etc. The rule, effective October 1, 2014, eliminates the requirement that eligible guarantees be made by eligible guarantors in order to calculate the risk-weighted assets of an exposure. [7/30/14]

A journal called Supervisory Insights, released today through FDIC, contains several helpful articles about subjects ranging from managing regulatory responsibilities to matters requiring board attention. The publication also creates a "forum" where industry members can discuss regulations, policies, best practices, and emerging issues.  [7/30/14]

If you are using a project-specific trust indenture agreement, the FHA requires that you include that if bond funds remain after a multifamily insurance debt payment, those excess bond funds are to be returned to the FHA. [7/29/14]

The CFPB's proposed amendments to HMDA are designed to enhance the opportunities to analyze mortgage lending activity by including credit score, age, property value, and more. The proposed change also raises concerns about borrower privacy. [7/28/14]