The Federal Reserve Board, CFPB, FDIC, OCC, National Credit Union Administration and state financial regulators alerted mortgage servicers that they will resume their respective pre-pandemic supervisory and enforcement approaches towards noncompliance with mortgage-servicing rules.
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The Treasury Department Office of Financial Research, SEC staff and Federal Reserve Board staff updated the Financial Stability Oversight Council on pandemic and climate-related risks to the financial system.
In a joint statement, the FRB and the OCC said they will not recommend enforcement action against swap dealers that are parties to certain legacy swaps in connection with the UK's departure from the EU.
A joint Federal Reserve Board, OCC and FDIC interim final rule went into effect relieving community banks impacted by COVID-19 policy responses from the regulatory requirements applicable to institutions with over $10 billion in assets.
The Federal Reserve Board, the OCC and the FDIC issued an interim final rule to excuse community banks that were affected by government policy responses to COVID-19 from the regulatory requirements that apply to institutions with over $10 billion in assets.