FDIC updates IDI resolution planning for large banks
The FDIC announced proposed changes to insured depository institution resolution planning requirements, or IDI rule. The rule, including the expected...
Policy
FDIC posts sample docs to provide clarity into marketing, sale process of failing banks
Eleven new sample documents were released, covering franchise sales and loan pools, including purchase and assumption agreements, confidentiality agreements and...
OCC proposes to cite federal preemption of state interest-on-escrow laws
The OCC is proposing two rules to clarify that national banks are exempt from state laws regulating real estate escrow...
Democratic state AGs file lawsuit to stop CFPB’s ‘complete defunding’
A coalition of 22 Democratic state attorneys general filed a lawsuit against the Trump administration to stop what they said...
OCC proposes to raise heightened standards threshold for banks
The OCC is proposing to raise the threshold for which its heightened supervisory standards apply to banks from $50 billion...
House Republicans ask Fed to reconsider approach to recirculating pennies
House Republicans said they are concerned by the Federal Reserve’s decision to cease accepting penny deposits or orders at many...
FHFA finalizes three-year affordable housing goals for Fannie Mae, Freddie Mac
FHFA finalized new three-year affordable housing goals for Fannie Mae and Freddie Mac that lower both enterprises’ targets for single-family...
CFPB: Earned wage access products not subject to Truth in Lending Act
The CFPB is once again reversing course on whether earned wage access products are subject to the Truth in Lending...
Government holiday closures will not change compliance timelines
President Trump’s recent executive order closing federal government agencies on Dec. 24 and 26 does not affect the timing requirements...
Fed seeks feedback on proposed ‘skinny’ accounts for payment services
The Federal Reserve is seeking comment on whether to create a new “payment account” category that certain financial institutions could...
