Links in “Proposals, Requests, & Comments”

The FDIC invited Federal agencies and the public to comment on the renewal of an existing information collection called the Retail Foreign Exchange Transactions. The regulation involved (12 CFR part 349) outline requirements for foreign currency future, options on futures, and other FDIC-supervised options. [5/27]

The final portion of the NCUA's proposal on common bonds would make the process for adding some associational groups easier. Here's a look at the proposal. [5/23]

To date we have not had any regulations that interpreted and implemented the Fair Debt Collections Act, which sometimes makes compliance with the Act challenging. The CFPB plans to change that and has issued an advanced notice of proposed rulemaking that includes 162 questions that are worth considering. [5/22]

ABA lends its support to a bill that would allow banks who originate a loan and hold it in portfolio for the whole life of the loan to meet the Ability to Repay and Qualified Mortgage requirements. [5/21]

Besides the hearing on alleged employee discrimination at the CFPB, there will be a second hearing this week on the need for greater transparency at the bureau. There are nearly a dozen bills and discussion drafts in varying stages that address CFPB's administrative practices. [5/21]

More than 550 credit unions and credit union advocates have flooded the NCUA's website with letters and more than 320 members of the US House signed a letter addressed to the NCUA. What are they concerned about? The proposed risk-based capital rule, of course. [5/19]

A NAFCU-sponsored letter with the signatures of 324 members of Congress has been sent to NCUA Chair Debbie Matz. The letter, which calls for more clarity about why the proposed risk ratings for credit unions is different from those set for other types of financial institutions, urges NCUA to consider the cost burden of the proposed rule and how that burden might affect mortgage and business lending. The letter also calls on the Agency to extend the comment period beyond 90 days. [5/16]

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 Johnson-Crapo reform bill that would phase out Fannie Mae and Freddie Mac in their current form passes the Senate Banking Committee. The bill now heads to the Senate. [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]