Proposed Regulations

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).

The Consumer Financial Protection Bureau (CFPB) is proposed to amend the reporting requirements under the Home Mortgage Disclosure Act (HMDA).

FinCEN is proposing to amend its existing rules so that customer due diligence (CDD) elements are explicitly linked to a corresponding requirement within FinCEN's program rules.

The proposal would relieve federal credit unions (FCUs) from the current requirement to obtain a waiver from NCUA to exceed the five percent aggregate limit on investments in fixed assets. 

The Economic Growth and Regulatory Paperwork Reduction Act (EGRPRA) requires Federal bank regulatory agencies and the Federal Financial Institutions Examination Council (FFIEC) to conduct a review of their regulations every ten years.  The Agencies and FFIEC use this review to eliminate unnecessary or burdensome regulations to the extent they can accomplish this consistent with statutory, safety and soundness, and consumer protection considerations.

The Consumer Financial Protection Bureau (CFPB) has issued a proposed policy statement regarding disclosure of consumer complaint narrative data.

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.