Live Membership Demo 03-28-2023
March 28, 2023
Join us for a live demonstration of the benefits of membership with Compliance Alliance. This interactive virtual tour will provide an in-depth look at each of our tool types and resource categories, as well as an overview of all of C/A’s additional services. This meeting is presented by our Membership team, and will last about an…
Comment Period: Use of an Electronic Medium To Make Participant Elections and Spousal Consents
March 30, 2023
AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Notice of proposed rulemaking and notice of public hearing. SUMMARY: This document sets forth a proposed regulation relating to the use of an electronic medium for participant elections and spousal consents. The proposed regulation provides an alternative to in-person witnessing of spousal consents required to be witnessed by…
Live Membership Demo 03-30-2023
March 30, 2023
Join us for a live demonstration of the benefits of membership with Compliance Alliance. This interactive virtual tour will provide an in-depth look at each of our tool types and resource categories, as well as an overview of all of C/A’s additional services. This meeting is presented by our Membership team, and will last about an…
Effective Date: Adjustable Rate Mortgages: Transitioning From LIBOR to Alternate Indices
March 31, 2023
AGENCY: Office of Housing, U.S. Department of Housing and Urban Development (HUD). ACTION: Final rule. SUMMARY: HUD is removing the London Interbank Offered Rate (LIBOR) as an approved index for adjustable interest rate mortgages (ARMs), and replacing LIBOR with the Secured Overnight Financing Rate (SOFR) as a Secretary-approved index for newly originated forward ARMs. HUD…
Comment Period: Indorsement and Payment of Checks Drawn on the United States Treasury
April 03, 2023
AGENCY: Bureau of the Fiscal Service, Treasury. ACTION: Notice of proposed rulemaking with request for comment. SUMMARY: The Bureau of the Fiscal Service (Fiscal Service) at the Department of the Treasury (Treasury) is proposing to amend its regulations governing the payment of checks drawn on the United States Treasury. Specifically, to prevent Treasury checks from…
Comment Period: Credit Card Penalty Fees (Regulation Z)
April 03, 2023
AGENCY: Bureau of Consumer Financial Protection. ACTION: Proposed rule with request for public comment. SUMMARY: The Consumer Financial Protection Bureau (Bureau) proposes to amend Regulation Z, which implements the Truth in Lending Act (TILA), to better ensure that the late fees charged on credit card accounts are “reasonable and proportional” to the late payment as…
Comment Period: FDIC Official Sign and Advertising Requirements, False Advertising, Misrepresentation of Insured Status, and Misuse of the FDIC’s Name or Logo
April 07, 2023
AGENCY: Federal Deposit Insurance Corporation. ACTION: Notice of proposed rulemaking and request for comment. SUMMARY: The Federal Deposit Insurance Corporation (FDIC) is seeking comment on a proposal to modernize the rules governing use of the official FDIC sign and insured depository institutions’ (IDIs) advertising statements to reflect how depositors do business with IDIs today, including…
Comment Period: Request for Information Regarding Rehabilitation Mortgages
April 17, 2023
AGENCY: Office of the Assistant Secretary for Housing—Federal Housing Commissioner, Department of Housing and Urban Development, HUD. ACTION: Request for information. SUMMARY: Through this Request for Information (RFI), the Federal Housing Administration (FHA) seeks public input regarding barriers to the use of the FHA 203(k) Rehabilitation Mortgage Insurance Program (203(k) Program) by lenders and consumers….
Comment Period: Request for Information Regarding Rehabilitation Mortgages
April 17, 2023
AGENCY: Office of the Assistant Secretary for Housing—Federal Housing Commissioner, Department of Housing and Urban Development, HUD. ACTION: Request for information. SUMMARY: Through this Request for Information (RFI), the Federal Housing Administration (FHA) seeks public input regarding barriers to the use of the FHA 203(k) Rehabilitation Mortgage Insurance Program (203(k) Program) by lenders and consumers….
Comment Period: Proposed Agency Information Collection Activities; Comment Request
April 24, 2023
AGENCY: Office of the Comptroller of the Currency (OCC), Treasury; Board of Governors of the Federal Reserve System (Board); and Federal Deposit Insurance Corporation (FDIC). ACTION: Joint notice and request for comment. SUMMARY: In accordance with the requirements of the Paperwork Reduction Act of 1995 (PRA), the OCC, the Board, and the FDIC (the agencies)…
Comment Period: Request for Information Regarding Consumer Credit Card Market
April 24, 2023
AGENCY: Bureau of Consumer Financial Protection. ACTION: Notice and request for information. SUMMARY: Section 502(a) of the Credit Card Accountability Responsibility and Disclosure Act of 2009 (CARD Act or Act) requires the Consumer Financial Protection Bureau (CFPB) to conduct a review (Review) of the consumer credit card market, within the limits of its existing resources…
Effective Date: Prior Approval for Enterprise Products
April 28, 2023
AGENCY: Federal Housing Finance Agency. ACTION: Final rule; delay of effective date. SUMMARY: On December 27, 2022, the Federal Housing Finance Agency (FHFA) published in the Federal Register a final rule amending its regulations to implement a provision of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992, as amended. The final rule…
Comment Period: Regulation Z’s Mortgage Loan Originator Rules Review Pursuant to the Regulatory Flexibility Act
May 01, 2023
AGENCY: Bureau of Consumer Financial Protection. ACTION: Notice of section 610 review and request for public comment. SUMMARY: The Consumer Financial Protection Bureau (CFPB or Bureau) is conducting a review of Regulation Z’s Mortgage Loan Originator Rules (Loan Originator Rules) pursuant to section 610 of the Regulatory Flexibility Act. Regulation Z, which implements the Truth…
Comment Period: Agency Information Collection Activities
May 08, 2023
AGENCY: Financial Crimes Enforcement Network (FinCEN), Treasury. ACTION: Notice and request for comments. SUMMARY: As part of a continuing effort to reduce paperwork and respondent burden, FinCEN invites comment on a renewal, without change, to information collection requirements finalized on November 4, 2019, imposing a special measure with respect to the Islamic Republic of Iran…
Comment Period: Agency Information Collection Activities
May 08, 2023
AGENCY: Financial Crimes Enforcement Network (FinCEN), Treasury. ACTION: Notice and request for comments. SUMMARY: As part of a continuing effort to reduce paperwork and respondent burden, FinCEN invites comment on a renewal, without change, to information collection requirements finalized on March 15, 2006, imposing a special measure against the Commercial Bank of Syria, including its…
Comment Period: Request for Information Regarding Data Brokers and Other Business Practices Involving the Collection and Sale of Consumer Information
June 13, 2023
AGENCY: Bureau of Consumer Financial Protection. ACTION: Request for public comment. SUMMARY: The Consumer Financial Protection Bureau (CFPB) is seeking comments from the public related to data brokers. The submissions in response to this request for information will serve to assist the CFPB and policymakers in understanding the current state of business practices in exercising…
Effective Date: Debit Card Interchange Fees and Routing
July 01, 2023
AGENCY: Board of Governors of the Federal Reserve System. ACTION: Final rule. SUMMARY: The Board of Governors is adopting a final rule that amends Regulation II to specify that the requirement that each debit card transaction must be able to be processed on at least two unaffiliated payment card networks applies to card-not-present transactions, clarify…
Effective Date: FDIC Final Rule Regarding Deposit Insurance Simplification
April 01, 2024
The Federal Deposit Insurance Corporation is amending its regulations governing deposit insurance coverage. The amendments simplify the deposit insurance regulations by establishing a ‘‘trust accounts’’ category that governs coverage of deposits of both revocable trusts and irrevocable trusts using a common calculation, and provide consistent deposit insurance treatment for all mortgage servicing account balances held…
Effective Date: HUD- Acceptance of Private Flood Insurance for FHA-Insured Mortgages
December 21, 2022
AGENCY: Office of the Assistant Secretary for Housing—Federal Housing Commissioner, Department of Housing and Urban Development (HUD). ACTION: Final rule. SUMMARY: This final rule amends Federal Housing Administration (FHA) regulations to allow mortgagors the option to purchase private flood insurance on FHA-insured mortgages for properties located in Special Flood Hazard Areas (SFHAs), in satisfaction of…