Upcoming Events
Effective Date: Policy Statement on Section 9(13) of the Federal Reserve Act
February 07, 2023
AGENCY: Board of Governors of the Federal Reserve System (Board). ACTION: Final rule. SUMMARY: The Board is issuing a policy statement interpreting section 9(13) of the Federal Reserve Act and setting out a rebuttable presumption that it will exercise its discretion under that provision to limit state member banks to engaging as principal in only…
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: Bank Secrecy Act Advisory Group; Solicitation of Application for Membership
March 15, 2023
AGENCY: Financial Crimes Enforcement Network (“FinCEN”), Treasury. ACTION: Notice and request for nominations. SUMMARY: FinCEN is inviting the public to nominate financial institutions, trade groups, and non-federal regulators or law enforcement agencies for membership on the Bank Secrecy Act Advisory Group. New members will be selected for three-year membership terms. DATES: Nominations must be received…
Comment Period: Trade Regulation Rule on the Use of Reviews and Endorsements
February 08, 2023
AGENCY: Federal Trade Commission. ACTION: Advance notice of proposed rulemaking; request for public comment. SUMMARY: The Federal Trade Commission (the “Commission”) proposes to commence a rulemaking proceeding to address certain deceptive or unfair uses of reviews and endorsements. The Commission is soliciting written comment, data, and arguments concerning the need for such a rulemaking to…
Comment Period: Resolution-Related Resource Requirements for Large Banking Organizations
January 23, 2023
AGENCY: Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation. ACTION: Advance notice of proposed rulemaking; request for comment. SUMMARY: The Board of Governors of the Federal Reserve System (Board) and Federal Deposit Insurance Corporation (FDIC) (together, the agencies) are publishing for public comment this advance notice of proposed rulemaking (ANPR) to…
Comment Period: Unfair or Deceptive Fees Trade Regulation Rule Commission
February 08, 2023
AGENCY: Federal Trade Commission ACTION: Advance notice of proposed rulemaking; request for public comment. SUMMARY: The Federal Trade Commission (“Commission”) proposes to commence a rulemaking proceeding to address certain deceptive or unfair acts or practices relating to fees. The Commission is soliciting written comment, data, and argument concerning the need for such a rulemaking to…
Comment Period: Guidelines for Evaluating Account and Services Requests
January 17, 2023
AGENCY: Board of Governors of the Federal Reserve System. ACTION: Notice and request for comment. SUMMARY: The Board of Governors of the Federal Reserve System (Board) is issuing a request for comment on proposed amendments to its Guidelines for Evaluating Account and Services Requests (Account Access Guidelines or Guidelines) that would require the Federal Reserve…
Comment Period: Strengthening the Section 184 Indian Home Loan Guarantee Program
March 06, 2023
AGENCY: Office of the Assistant Secretary for Public and Indian Housing, U.S. Department of Housing and Urban Development (HUD). ACTION: Proposed Rule. SUMMARY: This proposed rule would revise the regulations governing the Section 184 Indian Home Loan Guarantee Program (“Section 184 Program”) to fiscally strengthen the program by clarifying rules for Lenders, Tribes, and Borrowers….
Comment Period: Intent to Make Preemption Determination under the Truth in Lending Act (Regulation Z)
January 20, 2023
AGENCY: Bureau of Consumer Financial Protection. ACTION: Notice; request for comment. SUMMARY: The Consumer Financial Protection Bureau (CFPB) has received a written request to make a determination that the Truth in Lending Act (TILA) preempts a New York State commercial financing law with respect to certain provisions. The CFPB is publishing this notice of intent…
Comment Period: Principles for Climate-Related Financial Risk Management for Large Financial Institutions
February 06, 2023
AGENCY: The Board of Governors of the Federal Reserve System (Board). ACTION: Notice and request for comment. SUMMARY: The Board is requesting comment on draft principles that would provide a high-level framework for the safe and sound management of exposures to climate-related financial risks for Board-supervised financial institutions with over $100 billion in assets. Although…
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: Beneficial Ownership Information Access and Safeguards, and Use of FinCEN Identifiers for Entities
February 14, 2023
AGENCY: Financial Crimes Enforcement Network (FinCEN), Treasury. ACTION: Notice of proposed rulemaking (NPRM). SUMMARY: FinCEN is promulgating proposed regulations regarding access by authorized recipients to beneficial ownership information (BOI) that will be reported to FinCEN pursuant to Section 6403 of the Corporate Transparency Act (CTA), enacted into law as part of the Anti-Money Laundering Act…
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…
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…
Comment Period: Expansion of the COVID-19 Recovery Loss Mitigation Options
March 01, 2023
Subject: Expansion of the COVID-19 Recovery Loss Mitigation Options Purpose: This Mortgagee Letter (ML) extends the COVID-19 Recovery Loss Mitigation Options (COVID-19 Recovery Options) and expands the options to include additional eligible Borrowers, increase the COVID-19 Recovery Partial Claims, and add incentive payments to Mortgagees. Effective Date: The provisions of this ML may be implemented…
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: 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…
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: Consumer Leasing (Regulation M) Amendment
January 01, 2023
AGENCY: Board of Governors of the Federal Reserve System (Board) and Bureau of Consumer Financial Protection (Bureau). ACTION: Final rules, official interpretations, and commentary. SUMMARY: The Board and the Bureau (collectively, the Agencies) are finalizing amendments to the official interpretations and commentary for the Agencies’ regulations that implement the Consumer Leasing Act (CLA). The Dodd-Frank…
Effective Date: Truth in Lending (Regulation Z) Amendment
January 01, 2023
AGENCY: Board of Governors of the Federal Reserve System (Board) and Bureau of Consumer Financial Protection (Bureau). ACTION: Final rules, official interpretations, and commentary. SUMMARY: The Board and the Bureau (collectively, the Agencies) are publishing final rules amending the official interpretations and commentary for the Agencies’ regulations that implement the Truth in Lending Act (TILA)….
Effective Date: Supervisory Guidance on Multiple Re-Presentment NSF Fees
January 01, 2023
AGENCY: Office of the Comptroller of the Currency, Treasury (OCC); Board of Governors of the Federal Reserve System (Board); and Bureau of Consumer Financial Protection (Bureau). ACTION: Final rules, official interpretations, and commentary. SUMMARY: The OCC, the Board, and the Bureau are finalizing amendments to the official interpretations for their regulations that implement section 129H…
Effective Date: Fair Credit Reporting Act Disclosures
January 01, 2023
AGENCY: Bureau of Consumer Financial Protection. ACTION: Final rule; official interpretation. SUMMARY: The Consumer Financial Protection Bureau (Bureau) is issuing this final rule amending an appendix for Regulation V, which implements the Fair Credit Reporting Act (FCRA). The Bureau is required to calculate annually the dollar amount of the maximum allowable charge for disclosures by…
Effective Date: Reserve Requirements of Depository Institutions
January 03, 2023
AGENCY: Board of Governors of the Federal Reserve System. ACTION: Final rule. SUMMARY: The Board is amending Regulation D, Reserve Requirements of Depository Institutions, to reflect the annual indexing of the reserve requirement exemption amount and the low reserve tranche for 2023. The annual indexation of these amounts is required notwithstanding the Board’s action in…
Effective Date: Improvements to the Federal Reserve Policy on Payment System Risk
February 06, 2023
AGENCY: Board of Governors of the Federal Reserve System. ACTION: Notice. SUMMARY: The Board of Governors of the Federal Reserve System (Board) is adopting changes to part II of the Federal Reserve Policy on Payment System Risk (PSR policy) substantially as proposed. The changes expand the eligibility of depository institutions to request collateralized intraday credit…
Effective Date: Regulation Implementing the Adjustable Interest Rate (LIBOR) Act
February 27, 2023
AGENCY: Board of Governors of the Federal Reserve System (Board). ACTION: Final rule. SUMMARY: The Board is adopting a final rule (final rule) to implement the Adjustable Interest Rate (LIBOR) Act. The final rule establishes benchmark replacements for contracts governed by U.S. law that reference certain tenors of U.S. dollar LIBOR (the overnight and one-,…