Links in “Agencies”
- NCUA Report: New Capital Requirements for Riskier CUs
In addition to discussing the new capital requirements for riskier CUs, key articles in the latest NCUA report focus on handling NCUA examinations, the rule on derivatives, Q&A on mergers, and interest rate risk from long-term investments. [2/19]
- FinCEN Offers Guidance on Marijuana and Banking
FinCEN guidance focuses on due diligence expectations and reporting requirements for the mostly cash marijuana industry. Challenges remain inherent given expectations for monitoring of entity for violations of Federal Law and new DOJ priorities. [2/17]
- OCC on Retirement Products and Services
OCC issues new âRetirement Plan Products and Servicesâ booklet providing guidance on retirement plan products and services and explaining the inherent risks and framework for managing those risks. [2/14]
- FHFA’s Inspector General: Need to Tighten Ship on Overseeing Services
Watchdog finds FHFA not sufficiently enforcing its rules to ensure services respond to borrower requests for assistance within specified timeframes and meeting established procedures and deadlines for loan modifications and foreclosures. [2/14]
- FRB Seeks Transfer of DD and Privacy and Comments on Red Flags
FRB seeks comment on proposals to repeal its Regulation DD and Regulation P (transfer to CFPB) and make amendments to the identity theft red flags rule in Regulation V (Fair Credit Reporting). 60-day comment period provided. [2/13]
- CFPB Chair Speaks at FLEC Promoting Financial Literacy Efforts
CFPB's Cordray addresses Financial Literacy and Education Commission highlighting his efforts as Franklin County Treasurer in Ohio a decade ago to current efforts as head of CFPB in promoting education efforts. [2/13]
- OCC Issues CRA Ratings for January
It's good to be an OCC bank it seems. Of the 26 ratings, four rated outstanding, 22 satisfactory, and 0 rated as needs to improve or as having substantial noncompliance. [2/13]
- NCUA: Positive Impact of JPMC Assessment
NCUA noted that Temporary Corporate Credit Union Stabilization Fund, which is designed to address risks from CU failure is operating in the negative, which is a good thing. The fund, which received a massive boost from the JPMorgan Chase recovery ranges from negative $1.9 billion to negative $400 million. [2/13]
- CFPB Director Cordray Speaks Out on HMDA Expansion
Key comments include massive expansion of information to give regulators a better view of developments in all segments of the housing marketplace, implementing better collection processes, and streamline reporting. The biggest carrot is exemption for FIs with under 25 entries. [2/11]
- Deferred Interest Cards Getting Regulatory Scrutiny
CFPB wants to make sure that health care providers and others offering deferred interest credit cards sufficiently explain to consumers how such cards work. [2/11]
