Upcoming Events
Effective Date: Final Amendments to Regulation J
January 01, 2019
The Board of Governors of the Federal Reserve System (Board) is publishing final amendments to Regulation J. The amendments clarify and simplify certain provisions of Subpart A of Regulation J, remove obsolete provisions, and align the rights and obligations of sending banks, paying banks, and Federal Reserve Banks (Reserve Banks) with the Board’s recent amendments…
Comment Period: Actions To Support Interbank Settlement of Faster Payments
December 14, 2018
As part of its overall mission, the Federal Reserve has a fundamental interest in ensuring there is a safe and robust U.S. payment system, including a settlement infrastructure on which the private sector can provide innovative faster payment services that serve the broad public interest. Accordingly, the Board of Governors of the Federal Reserve System…
Comment Period: Disclosure of Financial and Other Information by FDIC-Insured State Nonmember Banks
November 26, 2018
The Federal Deposit Insurance Corporation (FDIC) proposes to rescind and remove its regulations relating to the disclosure of financial and other information by FDIC-insured state nonmember banks. Upon the removal of the regulations, all insured state nonmember banks and insured state-licensed branches of foreign banks (collectively, “banks”) would no longer be subject to the annual…
Comment Period: Applicability thresholds for regulatory capital and liquidity requirements
January 22, 2019
The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (collectively, the agencies) are inviting comment on a proposal that would establish risk-based categories for determining applicability of requirements under the regulatory capital rule, the liquidity coverage ratio rule, and the proposed…
Comment Period: Reduced Reporting for Covered Depository Institutions
January 18, 2019
The OCC, the Board, and the FDIC (collectively, the agencies) are inviting comment on a proposed rule that would implement section 205 of the Economic Growth, Regulatory Relief, and Consumer Protection Act by: Expanding the eligibility to file the agencies' most streamlined report of condition, the FFIEC 051 Call Report, to include certain insured depository…
Effective Date: NACHA New Same Day ACH Processing Window with Expanded Hours
March 19, 2021
Sept. 17, 2018 – NACHA’s voting membership has approved three new rules to expand the capabilities of Same Day ACH for all financial institutions and their customers. The first expands access to Same Day ACH by allowing Same Day ACH transactions to be submitted to the ACH Network for an additional two hours every business…
Effective Date: NACHA Increase in the Per-Transaction Dollar Limit
March 20, 2020
Sept. 17, 2018 – NACHA’s voting membership has approved three new rules to expand the capabilities of Same Day ACH for all financial institutions and their customers. The first expands access to Same Day ACH by allowing Same Day ACH transactions to be submitted to the ACH Network for an additional two hours every business…
Effective Date: NACHA Faster Funds Availability Rule
September 20, 2019
Sept. 17, 2018 – NACHA’s voting membership has approved three new rules to expand the capabilities of Same Day ACH for all financial institutions and their customers. The first expands access to Same Day ACH by allowing Same Day ACH transactions to be submitted to the ACH Network for an additional two hours every business…
Comment Period: FDIC Seeks Comment on the Treatment of Reciprocal Deposits
October 26, 2018
The FDIC seeks comment on a notice of proposed rulemaking to conform its current regulations that implement brokered deposits and interest rate restrictions with recent changes to section 29 of the Federal Deposit Insurance Act made by section 202 of the Economic Growth, Regulatory Relief, and Consumer Protection Act related to reciprocal deposits, which took…
Comment Period: Revised Guidelines Relating to Recovery Planning Standards
November 05, 2018
The Office of the Comptroller of the Currency (OCC) is proposing to amend its enforceable guidelines relating to recovery planning standards (guidelines) for insured national banks, insured federal savings associations, and insured federal branches (banks) in order to limit the application of the guidelines to the largest, most complex banks and thereby provide regulatory burden…
Comment Period: Covered Savings Associations Proposed Rule
November 19, 2018
On September 18, 2018, the Office of the Comptroller of the Currency (OCC) issued a proposed rule to allow federal savings associations with total consolidated assets of $20 billion or less as of December 31, 2017, to elect national bank powers and operate as covered savings associations. The proposed rule aims to provide certain federal…
Effective Date: Reg. CC Availability of Funds and Collection of Checks
January 01, 2019
The Board is publishing a final rule that amends Subpart C of Regulation CC to address situations where there is a dispute as to whether a check has been altered or was issued with an unauthorized signature, and the original paper check is not available for inspection. This rule adopts a presumption of alteration for…
Comment Period: Amend Definition of HVCRE
November 27, 2018
The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (collectively, the agencies) are proposing to amend the regulatory capital rule to revise the definition of “high volatility commercial real estate (HVCRE) exposure” to conform to the statutory definition of “high volatility…
Comment Period: Repeal of FRB S.A.F.E. Act Regulations
November 26, 2018
The Board of Governors of the Federal Reserve System (Board) is proposing to repeal its regulations that incorporated the Secure and Fair Enforcement for Mortgage Licensing Act (the S.A.F.E. Act). Title X of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) transferred rulemaking authority for a number of consumer financial protection laws,…
Effective Date: Small Bank Holding Company and Savings and Loan Holding Company Policy Statement
August 30, 2018
The Board invites comment on an interim final rule that raises the asset size threshold for determining applicability of the Board's Small Bank Holding Company and Savings and Loan Holding Company Policy Statement (Regulation Y, appendix C) (Policy Statement) to $3 billion from $1 billion of total consolidated assets. The interim final rule also makes…
Comment Period: Small Bank Holding Company and Savings and Loan Holding Company Policy Statement
October 29, 2018
The Board invites comment on an interim final rule that raises the asset size threshold for determining applicability of the Board's Small Bank Holding Company and Savings and Loan Holding Company Policy Statement (Regulation Y, appendix C) (Policy Statement) to $3 billion from $1 billion of total consolidated assets. The interim final rule also makes…
Comment Period: Regulation V Summaries of Rights Under FCRA
November 19, 2018
The Bureau of Consumer Financial Protection (Bureau) is issuing an interim final rule to update the Bureau's model forms for the Summary of Consumer Identity Theft Rights and the Summary of Consumer Rights to incorporate a notice of rights required by a new provision of the Fair Credit Reporting Act, added by the Economic Growth,…
Effective Date: Regulation V Summaries of Rights Under FCRA
September 21, 2018
The Bureau of Consumer Financial Protection (Bureau) is issuing an interim final rule to update the Bureau's model forms for the Summary of Consumer Identity Theft Rights and the Summary of Consumer Rights to incorporate a notice of rights required by a new provision of the Fair Credit Reporting Act, added by the Economic Growth,…
Final Rule: 2018 HMDA Final Rule on Partial Exemptions to the EGRRCPA
September 07, 2018
The CFPB issued an interpretive and procedural rule to implement and clarify the Economic Growth, Regulatory Relief, and Consumer Protection Act immediately below. Read more here.
Effective Date: Truth in Lending (Regulation Z) Annual Threshold Adjustments
January 01, 2019
Adjusts the thresholds for the CARD Act, HOEPA, and ATR/QM. Read more here.
Comment Period: Reforming CRA Framework ANPR
November 19, 2018
The OCC invites comments on this on this advance notice of proposed rulemaking (ANPR) to solicit ideas for building a new framework to transform or modernize the Community Reinvestment Act (CRA) regulations. Read more here.
Comment Period: FDIC Proposal to Retire FILs
October 10, 2018
The FDIC is seeking comment on a proposal to retire certain Financial Institution Letters (FILs) to an inactive status. Read more here.
Proposed Rule: ISO® 20022 Message Format for Fedwire
September 04, 2018
The Board of Governors of the Federal Reserve System (Board) is requesting comment on a proposal to adopt the ISO® 20022 message format for the Fedwire® Funds Service. ISO 20022 is an international standard that would replace the Fedwire Funds Service's current, proprietary message format. The migration to ISO 20022 would take place in three…
Final Rule: Amendment to Regulation P
September 17, 2018
The Bureau of Consumer Financial Protection (Bureau) is amending Regulation P, which requires, among other things, that financial institutions provide an annual notice describing their privacy policies and practices to their customers. The amendment implements a December 2015 statutory amendment to the Gramm-Leach-Bliley Act providing an exception to this annual notice requirement for financial institutions…
Effective Date: Securities Transaction Settlement Cycle
October 01, 2018
The OCC and the FDIC (“Agencies”) are adopting a final rule to shorten the standard settlement cycle for securities purchased or sold by national banks, federal savings associations, and FDIC-supervised institutions. The Agencies' final rule is consistent with an industry-wide transition to a two business-day settlement cycle, which is designed to reduce settlement exposure and…