The OCC, Federal Reserve Board, FDIC and National Credit Union Administration finalized a policy statement for financial institutions on commercial real estate loan accommodations for borrowers during periods of financial stress.
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The Federal Financial Institutions Examination Council revised its guidance for banks on compliance with the Home Mortgage Disclosure Act and related regulations.
Acting Comptroller of the Currency Michael J. Hsu warned of “persistent inequality” within the banking system that can "erode trust" and cause underserved and financially vulnerable populations to turn to nonbank entities that have "less stringent safety and soundness requirements."
The Federal Reserve Board, the FDIC and the OCC extended previously issued no-action relief to asset managers and other institutions from regulations that limit extensions of credit to "insiders."
The FRB, the FDIC and the OCC extended previously issued no-action relief to asset managers and other institutions from certain regulations that limit extensions of credit to "insiders."