Items Tagged with 'proposed rule'


  • FHFA proposes new rule to reduce compliance burdens

    Requests comment on changes to golden parachute rule
    The FHFA announced Tuesday its new proposed rule which would amend its rule on golden parachute payments in order to reduce compliance burdens. The agency explained some parts of the rule are too broad, and overregulate areas where there is little risk of excess or abuse.
    Read More
  • FHFA extends FHLB membership proposed rule comment period

    Proposal receives high level of interest
    Due to the high level of interest in the proposal and requests from multiple stakeholders for more time to evaluate the proposed rule, the Federal Housing Finance Agency extended the comment period for its proposed rule on Federal Home Loan Bank membership by 60 days due.
    Read More
  • NMLS Seeks to Report State Regulatory Actions

    The Nationwide Mortgage Licensing System & Registry (NMLS) has released a proposed rule for public comment that would allow for the reporting of state regulatory actions against companies and individuals on the NMLS consumer access website. The goal in developing the reporting functionality would be improve transparency and information available to consumers, to facilitate for the sharing of information among state regulatory agencies and to meet the SAFE Act mandate to provide easily accessible information to consumers regarding publicly adjudicated disciplinary and enforcement actions against licensed entities and individuals. Title V of the SAFE Act requires the NMLS to
    Read More
  • Federal Reserve Seeks Annual Capital Plans from Large Banks

    The Federal Reserve is seeking comment on a proposed rule that would require the nation's largest bank holding companies to submit annual capital plans for review.   Under the plan, bank holding companies with total consolidated assets of $50 billion or more would be required to submit forward looking capital plans that demonstrate sufficient capital to continue residential and business lending, even during times of economic stress.  Included in the plans, banks would be required to include proposals for capital distributions, including dividend payments or repurchasing or redeeming stocks. The proposal would formalize the Comprehensive Capital Analysis and Review
    Read More
  • CFPB Publishes List of Proposed Rule Transfers

    As required by the Consumer Financial Protection Act of 2010, the Consumer Financial Protection Bureau (CFPB) has published a list of rules and orders that it plans to take over enforcement responsibility when the bureau launches next month.   The proposed rule, published in the Federal Register on May 31st, list 47 rules across seven different federal agencies that the CFPB plans to assume when a final list is published on the bureau's official launch date, July 21, 2011. According to the notice in the Federal Register, the CFPB is required under the act to publish the list of
    Read More
  • Fed, FDIC Propose Rule on Big Bank Disaster Planning

    The Federal Reverse System (Fed) and the Federal Deposit Insurance Corporation (FDIC) have released a proposed rule that would require large banks and financial institutions with at least $50 billion in assets to submit annual resolution plans and quarterly credit exposure reports detailing their exposures and methods for responding to a financial crisis.   As a component of the Dodd-Frank Act, the rule would require that large institutions present a plan for "rapid and orderly resolution in the event of material financial distress or failure," essentially stating how a firm could move quickly through bankruptcy if financial conditions warranted
    Read More