Agencies Announce Dollar Thresholds in Regulations Z and M for Exempt Consumer Credit and Lease Transactions

The Consumer Financial Protection Bureau (CFPB) and Federal Reserve Board today announced the dollar thresholds in Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing) that will apply for determining exempt consumer credit and lease tran…

The Consumer Financial Protection Bureau (CFPB) and Federal Reserve Board today announced the dollar thresholds in Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing) that will apply for determining exempt consumer credit and lease transactions in 2020. 

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/agencies-announce-dollar-thresholds-regulations-z-and-m-exempt-consumer-credit-lease-transactions/

Agencies Announce Threshold for Smaller Loan Exemption from Appraisal Requirements for Higher-Priced Mortgage Loans

The Consumer Financial Protection Bureau, Federal Reserve Board, and Office of the Comptroller of the Currency today announced that the threshold for exempting loans from special appraisal requirements for higher-priced mortgage loans during 2020 will …

The Consumer Financial Protection Bureau, Federal Reserve Board, and Office of the Comptroller of the Currency today announced that the threshold for exempting loans from special appraisal requirements for higher-priced mortgage loans during 2020 will increase from $26,700 to $27,200.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/agencies-announce-threshold-smaller-loan-exemption-appraisal-requirements-higher-priced-mortgage-loans-2019/

OCC Allows National Banks and Federal Savings Associations Affected by California Wildfires to Close

The Office of the Comptroller of the Currency today issued a proclamation allowing national banks, federal savings associations, and federal branches and agencies of foreign banks to close offices affected by wildfires in California at their discretion.

The Office of the Comptroller of the Currency today issued a proclamation allowing national banks, federal savings associations, and federal branches and agencies of foreign banks to close offices affected by wildfires in California at their discretion.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2019/nr-occ-2019-126.html

Federal Bank Regulatory Agencies Issue Final Rule to Simplify Capital Calculation for Community Banks

Federal bank regulatory agencies finalized a rule that simplifies capital requirements for community banks.

Federal bank regulatory agencies finalized a rule that simplifies capital requirements for community banks.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2019/nr-ia-2019-125.html

Federal bank regulatory agencies issue final rule to simplify capital calculation for community banks

Federal bank regulatory agencies issue final rule to simplify capital calculation for community banks

Federal bank regulatory agencies issue final rule to simplify capital calculation for community banks

Read more / Original news source: https://www.federalreserve.gov/newsevents/pressreleases/bcreg20191029a.htm

Agencies finalize changes to resolution plan requirements; keeps requirements for largest firms and reduces requirements for smaller firms

Agencies finalize changes to resolution plan requirements; keeps requirements for largest firms and reduces requirements for smaller firms

Agencies finalize changes to resolution plan requirements; keeps requirements for largest firms and reduces requirements for smaller firms

Read more / Original news source: https://www.federalreserve.gov/newsevents/pressreleases/bcreg20191028b.htm

Agencies Propose Rule to Amend the Swap Margin Rule

Five federal agencies today announced a proposal to change the swap margin rules to facilitate the implementation of prudent risk management strategies at certain banks and swap entities.

Five federal agencies today announced a proposal to change the swap margin rules to facilitate the implementation of prudent risk management strategies at certain banks and swap entities.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2019/nr-ia-2019-124.html