Proposed Regulations

he Department of Labor (DOL) is proposing to amend the federal overtime provisions contained in the Fair Labor Standards Act (FLSA) to allow any fulltime salaried worker making less than $921 per week, or $47,892 annually, to be eligible for overtime protections.

The National Credit Union Administration (NCUA) is proposing to amend its Part 723 of NCUA’s Rules and Regulations relating to member business lending.

The National Credit Union Administration (NCUA) is conducting a review of certain regulations under the Economic Growth and Regulatory Paperwork Reduction Act (EGRPRA) and is inviting comment on how these selected rules are outdated, unnecessary or unduly burdensome.

Regulatory Alert on Department of Education Student Accounts Proposal

Reg Alert on CFPB's payday lending

Regulatory Alert on CFPB's Request of Information on Student Loan Servicing

The National Credit Union Administration (NCUA) is proposing to amend the definition of “small entity” for purposes of the Regulatory Flexibility Act (RFA). The proposal would increase the small entity asset threshold from federally-insured credit unions (FICUs) with less than $50 million in assets to FICUs with less than $100 million in assets.

The Consumer Financial Protection Bureau (CFPB) is proposing to change how it determines two of its small creditor exemptions under Regulation Z. Specifically, the proposal will adjust the thresholds and criteria for:   The small creditor exemption from escrow requirements for higher-priced mortgage loans; and   The "small creditor portfolio" QM exemption.

 

The National Credit Union Administration (NCUA) is proposing to amend its Capital Planning and Stress Testing rule to adjust the timing of certain events within the planning and testing cycles.

NAFCU regulatory alert summary and link to comment on NCUA's new risk-based capital proposed rule.

The Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, Farm Credit Administration, National Credit Union Administration, and Office of Comptroller of the Currency have issued a joint notice of proposed rulemaking which proposes to amend regulations regarding loans in areas having special flood hazards to implement provisions of the Homeowner Flood Insurance Affordability Act of 2014 (HFIAA).

 

 

The Department of Defense (DoD) proposes to expand the scope of the definition of "consumer credit" to cover a broader range of closed-end and open-end credit products, to be generally consistent with the requirements of the Consumer Financial Protection Bureau's (CFPB) Regulation Z.

The Federal Housing Finance Agency (FHFA) released a proposed rule that would amend the regulations governing Federal Home Loan Bank (FHLB) membership.

 

  The Federal Housing Finance Agency (FHFA) is seeking information about a proposed structure of a Single Security to be issued and guaranteed by Fannie Mae or Freddie Mac (the Enterprises).