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Newsbytes

The Federal Reserve today approved its long-awaited framework for tailoring enhanced prudential standards for firms with $100 billion or more in assets—as required by the S. 2155 regulatory reform law—and how it will apply those standards to large U.S. and foreign banking organizations.

Mortgage

The Consumer Financial Protection Bureau today issued a final rule providing relief for smaller institutions from the Home Mortgage Disclosure Act data collection and reporting requirements by extending until Jan. 1, 2022, the current temporary coverage threshold of 500 for open-end lines of credit.

Newsbytes

The American Bankers Association Foundation announced today that the fifth annual George Bailey Distinguished Service Award will be awarded to Kathy Luria, SVP for community affairs and philanthropy at Webster Bank in Waterbury, Conn., for her efforts to expand and enhance the bank’s community and philanthropic engagement.

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