Links in “Proposals, Requests, & Comments”

Everyone wants to speak another language, and FEMA is no different. FEMA has proposed a Language Access Plan which will assist non-English speakers by providing programs and activities in multiple languages. [10/21/14]

The NCUA Board has proposed changes to its Flood Insurance Rule at is October 23^rd Board meeting. The proposed rule, which reflects legislative changes resulting from the 2012 Biggert-Waters Flood Insurance Act, requires that credit unions and other lenders accept private flood insurance. [10/17/14]

The proposed No-Action Letter Policy has been released for a 60-day comment period. A penny for your thoughts? [10/17/14]

The Federal Reserve Board is planning to vote on a final regulation on qualified residential mortgages at its October 22^nd board meeting. The Wall Street Journal is reporting that the expectation is that the standards for mortgages that are packaged into mortgage-backed securities will be loosened in order to make credit more available. [10/16/14]

Sixty-one days remain in the comment period for the CFPB's proposed rule to redefine and regulate larger participants within the automobile financing industry. The authority for such a change was granted as part of the Dodd-Frank Act. [10/8/14]

Find out what the FTC has to say about FinCEN's proposed rule regarding strengthening customer due diligence requirements. [10/8/14]

The Federal Housing Finance Agency has approved a 60-day extension of the comment period for its proposed rule on membership requirements. The proposed rule would require FHLB members and applicants to maintain 1% of assets in home mortgages and 10% of assets in residential mortgages. [10/7/14]

A rule has been proposed which would provide the elderly and disabled with further support. Some of the changes that are proposed include rental assistance, grant assistance, and modernizing capital advance. [10/7/14]

According to former NCUA Chair Dennis Dollar, NCUA’s decision to issue a revised risk-based capital rule proposal indicates that the agency is indeed going to make significant revisions to the current proposed rule and that it was the right move to help ensure that the final rule addresses the safety and soundness concerns of both the industry and the regulator. [10/2/14]

Although she was once adamant that the proposed risk-based capital rule did not need a second comment period, NCUA Board Chairman Debbie Matz says she "now believe[s] it is prudent under the APA to ask for additional comments." [9/30/14]