The Federal Reserve Board has requested comment on a proposal designed to reduce the volatility of the capital requirements stemming from its annual stress tests. The proposal would achieve this primarily by averaging the...more
At its Summer National Meeting in Chicago (August 12-15, 2024), the NAIC announced important guidance relating to the statutory accounting treatment of insurance companies’ investments in bank credit risk transfer (“CRT”)...more
A recent study, Government Litigation Risk and the Decline in Low-Income Mortgage Lending, provides further evidence that the law of unintended consequences reigns supreme, particularly in the realm of public policy. The...more
8/14/2024
/ Consumer Financial Products ,
Enforcement Actions ,
Federal Housing Administration (FHA) ,
Financial Services Industry ,
Fraud ,
Loans ,
Low-Income Issues ,
Mortgage Lenders ,
Mortgages ,
Public Policy ,
Real Estate Transactions ,
Settlement
On July 25, 2024, the Fed, the OCC and the FDIC (the “Banking Regulators”) released a “Request for Information on Bank-Fintech Arrangements Involving Banking Products and Services Distributed to Consumers and Businesses” (the...more
On September 18, 2023, the U.S. Basel III Endgame proposal was published in the Federal Register. The comment period ended on January 16, 2024, with the banking regulators (the Federal Reserve, the OCC, and the FDIC) having...more
6/28/2024
/ Banking Regulators ,
Banking Sector ,
Banks ,
Basel III ,
FDIC ,
Federal Register ,
Federal Reserve ,
Financial Institutions ,
OCC ,
Regulatory Oversight ,
Securitization