The OCC has issued a long-awaited final rule implementing a new section of the Home Owners’ Loan Act permitting certain federal stock and mutual savings associations to elect the rights and duties of national banks.
The heads of the banking agencies told lawmakers that they expect to have regulatory changes from the S. 2155 regulatory reform law implemented by year-end.
Senate Banking Committee Chairman Mike Crapo (R-Idaho) and committee member Jerry Moran (R-Kan.) on Friday called for the banking agencies to set the community bank leverage ratio at 8%.
The FDIC today approved a joint agency proposal to exclude central bank deposits from the denominator of the supplementary leverage ratio for banking organizations predominantly engaged in custody banking activities.
In a comment letter to the financial regulatory agencies today, the American Bankers Association offered feedback on a recent joint proposal to harmonize the Volcker Rule regulations with the S. 2155 law.
The Consumer Financial Protection Bureau today requested public feedback on Property Assessed Clean Energy loans, a controversial type of financing that allows homeowners to pay for energy-efficient retrofitting — such as solar panels and high-efficiency air conditioners — through their property tax assessments, and which often take lien priority over the first mortgage lien.
An imprecise way of talking about a regulatory reform bill is leading to industry confusion.
The nation’s financial system is “strong and resilient” overall, Federal Reserve Chairman Jerome Powell told members of the Senate Banking Committee today.
As the agencies prepare to finalize the framework for the community bank leverage ratio, the FDIC has issued a proposal for how it will assess banks for deposit insurance that elect to use the CBLR framework.
In her first public appearance as a member of the Federal Reserve Board, Fed Governor Michelle Bowman today encouraged bankers to keep the lines of communication open with the regulatory agencies, emphasizing that “clear communication can help us all do our jobs better.”