The FRB, FDIC and OCC issued final revisions to "Interagency Questions and Answers Regarding Community Reinvestment."
News & Insights
In a Report mandated by the Dodd Frank Act, three federal agencies discussed activities and investments permitted by banking entities, and made recommendations as to how associated risks could best be mitigated by those entities.
The Board of Governors of the Federal Reserve System, the Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency approved a final rule that detailed the method to be used to adjust annual inflation to the threshold for exempting small loans from special appraisal requirements. The FRB and the CFPB also issued a final rule detailing the method for adjusting the thresholds for exempting certain consumer credit and lease transactions.
The Board of Governors of the Federal Reserve System, the Consumer Financial Protection Bureau, and the Office of the Comptroller of the Currency issued a final rule detailing the method to be used to determine the threshold for exempting smaller mortgage loans from the special appraisal requirements of the Truth in Lending Act . The FRB and CFPB also issued a final rule detailing the method to be used to adjust the thresholds for exempting certain consumer credit and lease transactions from the TILA and from the Consumer Leasing Act.
The Federal Reserve Board, the FDIC, and the OCC revised the regulatory capital rule in order to limit the interconnectedness of large banks and reduce systemic risk.