Federal Banking Agencies Finalize Extension of Certain Capital Rule Transitions

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On November 21, 2017, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency “finalized a rule for certain banking organizations by extending the existing capital requirements for mortgage servicing assets and certain other items.”  These changes will be put into effect on January 1, 2018. FDIC Release. Federal Reserve Release. OCC release.

 

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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