The New York Department of Financial Services reminded banking institutions of recent amendments to the New York Community Reinvestment Act that require additional information on activities with respect to minority- and women-owned businesses.
The Fed, the FDIC and the OCC modified the liquidity coverage ratio rule to eliminate the effects on banking organizations for participating in the Money Market Mutual Fund Liquidity Facility and the Paycheck Protection Program Liquidity Facility.
A Federal Reserve Board interim final rule temporarily amending the calculation of total leverage exposure within the supplementary leverage ratio of the FRB regulatory capital rule was published in the Federal Register.
Federal Reserve Board Governor Lael Brainard proposed an approach to Community Reinvestment Act oversight that would use metrics on retail banking services and community development to evaluate banks in low- and moderate-income neighborhoods.
The House Financial Services Committee considered (i) testimony from federal banking regulators on a broad range of concerns and (ii) several proposed bills imposing additional requirements on financial institutions.
The Federal Reserve Board final rule tailoring the application of prudential standards to U.S. bank holding companies and applying enhanced standards to certain large savings and loan holding companies was published in the Federal Register.
The Federal Reserve Board, FDIC and OCC joint final rule to tailor the application of the agencies' capital and liquidity rules to large U.S. banking organizations was published in the Federal Register.
The Federal Reserve Board finalized rules that will tailor the application of prudential standards to U.S. bank holding companies and apply enhanced standards to certain large savings and loan holding companies.
At a roundtable discussion hosted by the Federal Reserve Board, bankers and community groups described their experiences with Community Reinvestment Act implementation and proposed amendments to better address underserved areas.
The Consumer Financial Protection Bureau proposal to rescind the mandatory underwriting provisions of a final rule governing "Payday, Vehicle Title and Certain High-Cost Installment Loans" was published in the Federal Register.