🏠HUD Announces Sale of Reverse Mortgage Loans for Business Opportunities
This notice announces HUD's intention to offer approximately 1,600 home equity conversion mortgages (HECM, or reverse mortgage loans) secured by vacant properties with a loan balance of approximately $444 million, in a competitive sale. This initiative supports HUD's continued efforts to reduce financial risk to the Mutual Mortgage Insurance Fund and promote the efficient disposition of defaulted assets. The sale will consist of due and payable Secretary-held reverse mortgage loans. The mortgage loans consist of first liens secured by single family, vacant residential properties, where all borrowers are deceased, and no borrower is survived by a non-borrowing spouse. This sale will be the first of two planned offerings. This notice also generally describes the bidding process for the sale and certain entities who are ineligible to bid. This is the fifteenth sale offering of its type and will be held on August 6, 2025.
Learn More🏦Analysis of Bank Control Notices Impacting Financial Institutions
The Federal Reserve System has issued a notice concerning applications under the Change in Bank Control Act, highlighting the process for acquiring shares of banks. It addresses public comments and the inspection of application details at designated Federal Reserve Banks, inviting interested parties to express their views on these applications.
Learn More🛡️SEC Regulation S-ID
The Securities and Exchange Commission (SEC) has issued a notice regarding Regulation S-ID, which mandates SEC-regulated entities to implement identity theft prevention programs. The regulation focuses on protecting investors from identity theft risks and details the associated information collection requirements, including policies, training, and reporting obligations for financial institutions and creditors.
Learn More💵Federal Reserve Seeks Comments on Currency Program Surveys
The Board of Governors of the Federal Reserve System (Board) invites comment on a proposal to extend for three years, with revision, the United States Currency Program Surveys (FR 3054; OMB No. 7100- 0332).
Learn More📄Proposed Extension of Regulation V’s Recordkeeping Requirements
The Board of Governors of the Federal Reserve System (Board) invites comment on a proposal to extend for three years, without revision, the Recordkeeping and Disclosure Requirements Associated with the Consumer Financial Protection Bureau's (CFPB) and the Board's Regulations V (FR V; OMB No. 7100-0308).
Learn More📜Notice on Proposed Information Collection Activities Under Regulation E
The Board of Governors of the Federal Reserve System (Board) invites comment on a proposal to extend for three years, with revision, the Recordkeeping and Disclosure Requirements Associated with the Consumer Financial Protection Bureau's (CFPB) Regulation E (CFPB E; OMB No. 7100-0200).
Learn More📈FDIC Proposes Rule for Regulatory Threshold Adjustments
The Federal Deposit Insurance Corporation (FDIC) is inviting comment on a proposed rule that would amend certain regulatory thresholds in the FDIC's regulations to reflect inflation. Specifically, the proposal would generally update such thresholds to reflect inflation from the date of initial implementation or the most recent adjustment, and provide for future adjustments pursuant to an indexing methodology. The changes set forth in this proposal would provide a more durable regulatory framework by helping to preserve, in real terms, the level of certain thresholds set forth in the FDIC's regulations, thereby avoiding the undesirable and unintended outcome where the scope of applicability for a regulatory requirement changes due solely to inflation rather than actual changes in an institution's size, risk profile or level of complexity.
Learn More📊DFC OMB Review Notice
Under the provisions of the Paperwork Reduction Act, agencies are required to publish a Notice in the Federal Register notifying the public that the agency is renewing an existing information collection for OMB review and approval and requests public review and comment on the submission. The agencies received no comments in response to the sixty (60) day notice. The purpose of this notice is to allow an additional thirty (30) days for public comments to be submitted. Comments are being solicited on the need for the information; the accuracy of the burden estimate; the quality, practical utility, and clarity of the information to be collected; and ways to minimize reporting the burden, including automated collected techniques and uses of other forms of technology.
Learn More🏦FDIC Seeks Comments on Industrial Bank Regulation and Oversight
The Federal Deposit Insurance Corporation (FDIC) is soliciting comments from interested parties on the FDIC's approach to evaluating the statutory factors applicable to certain filings submitted by industrial banks and industrial loan companies.
Learn More🏦FDIC Proposes New Guidelines for Appeals of Supervisory Determinations
The Federal Deposit Insurance Corporation (FDIC) proposes to amend its Guidelines for Appeals of Material Supervisory Determinations to replace the existing Supervision Appeals Review Committee with an independent, standalone office that would consider and decide supervisory appeals.
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