Notice 5 Feb 2025 finance, compliance, federal reserve, financial institutions, regulation

📄Proposed Recordkeeping Provisions by Federal Reserve for Financial Institutions

The Board of Governors of the Federal Reserve System (Board) invites comment on a proposal to extend for three years, without revision, the Recordkeeping Provisions Associated with the Interagency Statement on Complex Structured Finance Activities (FR 4022; OMB No. 7100-0311).

Learn More
Notice 5 Feb 2025 stress tests, regulatory compliance, occ, capital adequacy, dodd-frank act, financial institutions

💼OCC Notice on Company-Run Stress Test Reporting Requirements

The OCC, as part of its continuing effort to reduce paperwork and respondent burden, invites comment on a continuing information collection, as required by the Paperwork Reduction Act of 1995 (PRA). In accordance with the requirements of the PRA, the OCC may not conduct or sponsor, and the respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. The OCC is soliciting comment concerning a revision to its information collection titled, "Company-Run Annual Stress Test Reporting Template and Documentation for Covered Institutions with Total Consolidated Assets of $250 Billion or More under the Dodd-Frank Wall Street Reform and Consumer Protection Act." The OCC also is giving notice that it has sent the collection to OMB for review.

Learn More
Notice 5 Feb 2025 banking compliance, information collection, regulation nn, financial institutions, usa, federal reserve

📄Notice on Proposed Information Collection Activities Under Regulation NN

The Board of Governors of the Federal Reserve System (Board) invites comment on a proposal to extend for three years the Reporting, Recordkeeping, and Disclosure Requirements Associated with Regulation NN (FR NN; OMB No. 7100-0353).

Learn More
Compliance, Regulatory 27 Jan 2025 liquidation, financial institutions, federal regulations, risk management, fdic

🏦FDIC Update on Financial Institutions in Liquidation - January 2025

Notice is hereby given that the Federal Deposit Insurance Corporation (Corporation) has been appointed the sole receiver for the following financial institution effective as of the Date Closed as indicated in the listing.

Learn More
Compliance, Financial Regulations 23 Jan 2025 compliance, treasury, sanctions, ofac, financial institutions, blocking

🚫OFAC Sanctions Notice

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing the names of one or more persons that have been placed on OFAC's Specially Designated Nationals and Blocked Persons List (SDN List) based on OFAC's determination that one or more applicable legal criteria were satisfied. All property and interests in property subject to U.S. jurisdiction of this person is blocked, and U.S. persons are generally prohibited from engaging in transactions with them.

Learn More
Regulatory Requirements, Compliance 22 Jan 2025 compliance, information collection, financial institutions, fdic, diversity policy

🏦FDIC Notice

The FDIC, as part of its obligations under the Paperwork Reduction Act of 1995, invites the general public and other Federal agencies to take this opportunity to comment on the request to renew the existing information collections described below (OMB Control No. 3064-0025; -0200 and -0214). The notices of proposed renewal for these information collections were previously published in the Federal Register on November 5, 2024, allowing for a 60-day comment period.

Learn More
Regulatory Compliance, Financial Services 17 Jan 2025 compliance, financial institutions, social security, subscription fees, fraud protection, ecbsv

💼Tier Subscription Expansion and Fee Decrease for e

The Social Security Administration (SSA) is announcing two additional subscription tiers and a decrease in the fees across all tiers for the electronic Consent Based Social Security Number (SSN) Verification (eCBSV) service. In accordance with statutory requirements, a permitted entity (PE) is required to provide payment to reimburse SSA for the development and support of the eCBSV system.

Learn More
Compliance, Financial Assistance 17 Jan 2025 compliance, regulations, housing, loans, hud, financial institutions, tribal

🏡Extension of Compliance Date for Section 184 Housing Program

This document extends the compliance date for HUD's final rule entitled "Strengthening the Section 184 Indian Housing Loan Guarantee Program" (the final rule). HUD is extending the compliance date from March 1, 2025, to December 31, 2025 to provide additional time for HUD to develop and implement a comprehensive handbook, to prepare new forms, and to allow Tribes, lenders, servicers, and other participants time to conform their policies, procedures, and systems to comply with the final rule.

Learn More
Regulatory Compliance, Financial Impact 15 Jan 2025 banking, federal reserve, reporting and recordkeeping requirements, financial institutions, interest rates, banks, reserve requirements, regulation d

💰Analysis of Regulation D Amendments and Financial Implications

The Board of Governors of the Federal Reserve System ("Board") has adopted final amendments to its Regulation D to revise the rate of interest paid on balances ("IORB") maintained at Federal Reserve Banks by or on behalf of eligible institutions. The final amendments specify that IORB is 4.4 percent, a 0.25 percentage point decrease from its prior level. The amendment is intended to enhance the role of IORB in maintaining the federal funds rate in the target range established by the Federal Open Market Committee ("FOMC" or "Committee").

Learn More
Compliance, Regulatory Updates 15 Jan 2025 regulation, financial institutions, asset cap, federal housing finance agency, community financial institutions

💼Annual Adjustments to Community Financial Institutions Asset Cap for 2025

The Federal Housing Finance Agency (FHFA) has adjusted the cap on average total assets that is used in determining whether a Federal Home Loan Bank (Bank) member qualifies as a "community financial institution" (CFI) to $1,500,000,000, based on the annual percentage increase in the Consumer Price Index for all urban consumers (CPI-U), as published by the Department of Labor (DOL). This change is effective as of January 1, 2025.

Learn More