The OCC, FRB and FDIC requested comment on a set of rules as part of a process to identify "outdated" or "unnecessary" regulatory requirements on insured depository institutions and their holding companies.
News & Insights
The National Credit Union Administration issued guidance on the credit, strategic, compliance and reputational risks to federal credit unions arising from its credit union service organization rule.
A Federal Reserve Board policy that states that the Board will exercise its discretion under the Federal Reserve Act to limit state member banks to engaging as principal in only those activities that are permissible for national banks became effective on February 7, 2023.
Comments on a CFPB proposal to establish a public registry of terms and conditions on form contracts that waive or limit consumer rights and protections are due by April 3, 2023.
In a policy statement, the Federal Reserve Board said that it will exercise its discretion under the Federal Reserve Act Section to limit state member banks to engaging as principal in only those activities that are permissible for national banks.