Links in “Agencies”
- NASCUS Wants in on Stress Testing
NASCUS requests NCUA to refine capital and stress testing practices by increasing covered CUs from $10 to $50 billion (Navy FCU), treat results as confidential and allow state regulator involvement. [1/2]
- Latest Country Exposure Data Issued
Take a tour of US transfer risk from around the world as well as U.S. Bank claims on foreign borrowers by LFIs (Large Financial Institutions (US) or the Top 10) and all others. [1/2]
- FHFA Completes 3 Million Foreclosure Preventions
Federal Housing Finance Agency announces Fannie Mae and Freddie Mac have completed more than 3 million foreclosure prevention actions since the start of their conservatorship in September 2008. [1/2]
- New Combined RESPA/TILA Disclosures Provided
141-page Federal Register print format includes all Spanish language integrated RESPA/TILA disclosures and new guidance on disclosure rules (in English). [12/31]
- CFPB Provides State of the Bureau Report
114-page document promotes CFPB's key themes of "Listening to Consumers," "Delivering for American Consumers and Leveling the Playing Field," and "Building a Great Institution." [12/31]
- NCUA’s Warning on Interest Rate Risk
NCUA video speaks to positives regarding economic growth potential, but notes need for vigilant efforts to protect against interest rate risk as CUs reach for yield at the expense of potential future risk. [12/31]
- 2013 Bright Spot: New Enforcement Orders Cut Nearly in Half
Fed Reserve, FDIC, and the OCC issued 149 new enforcement actions in 2013, a 47% decrease from 2012, when regulators issued a total of 281 actions. [12/30]
- Get Your Threshold Adjustments Here!!
Agencies announce thresholds for various regulations: (1) CRA: Intermediate Small Bank: $1.202 billion for prior two calendar year-ends; (2) FCRA: Maximum charge of $11.50 remains for 2014; (3) TILA: higher-priced mortgage escrow requirement exemption increased to $2.028 billion for banks as of 12/31/2013; and (4) HMDA reporting asset size exemption of $43 million as of 12/31/2013. [12/30]
- Positive Trends Continue: FDIC November Enforcement Orders Released
While the three newly issued consent orders might not agree, the termination of 13 orders further continues the trend of weighted terminations to newly issued. However, November also includes another 20 actions. [12/27]
- A Look at CFPB’s Flair for Commanding Headlines in 2013
A look back at the CFPB's busy 2013, including qualified mortgages, ability to repay and a slew of other regulations.[12/27]
