Links in “Agencies”

The FHA solicits public comment on a proposed four-year, two-phased pilot program: Homeowners Armed With Knowledge (H.A.W.K.). The H.A.W.K. pilot will provide FHA insurance pricing incentives to first-time homebuyers who participate in housing counseling and education. [5/16]

The OCC is moving to combine rules for National Banks and Federal Savings Banks in effort to achieve oversight uniformity. Rules of focus include consumer protection in insurance sales, Bank Secrecy Act (BSA) compliance, management interlocks, appraisals, disclosure and reporting of Community Reinvestment Act (CRA)-related agreements, and the Fair Credit Reporting Act (FCRA). [5/16]

The Board invites comment on a proposed rule (Regulation XX) that establishes a financial sector concentration limit that prohibits a financial company from merging or consolidating with, or acquiring, another company if the resulting company's liabilities upon consummation would exceed 10 percent of the aggregate liabilities of all financial companies as calculated under that rule. [5/16]

The CFPB seeks comments, data, and information from the public about proposed amendments to certain disclosure and error resolution requirements set forth in subpart B of Regulation E (Remittance Proposal). The comment period on the Remittance Proposal has been extended to close on June 6, 2014. [5/16]

The Federal Reserve Board is inviting comments on the proposed implementation of section 622 of the Dodd-Frank Act. The proposal seeks to make the implementation of section 622 more effective through measuring liabilities of financial companies not subject to consolidated risk-based capital rules, using a two-year average to calculate aggregate financial sector liabilities, and extending the "failed bank exception" to apply to the acquisition of any type of insured depository institution in default or in danger of default. [5/15]

Speaking at the Conference of State Bank Supervisors, Comptroller of the Currency Curry commented about the importance of both federal and state level bank supervision in meeting the country's needs. [5/15]

Chairman Matz announced the NCUA made $1.2 million available through a second round of Community Development Revolving Loan Fund grants available to low-income credit unions. Grants are available for four categories including community development financial institution certification, new product and service development, collaboration, and training.  Applications are accepted from June 2 to June 30. [5/15]

Today, the Federal Housing Administration (FHA) issued its “Blueprint for Access” outlining the additional steps the agency is taking to expand access to credit for underserved borrowers. Proposed changes to FHA’s quality assurance measures will provide clarity and transparency in FHA’s policies to encourage lending across the entire credit spectrum. [5/14]

The Office of the Comptroller of the Currency today reported that the financial condition of community national banks and federal savings associations in its nine-state Central District improved in 2013 as they focused on strengthening risk management systems to help boost their performance. More than 85 percent of 491 community national banks and thrifts located in the OCC’s Central District are top-rated, 1 or 2, on the five-point scale, a level not seen since early 2009. [5/14]

The CFPB has released an intuitive electronic format of Regulation Z, one of the most complex and heavily-consulted consumer financial regulations. In an effort to further improve the delivery of this and other regulations, the CFPB seeks feedback and requests assistance in sharing this tool with all who may benefit from its use. [5/13]