Proposed Regulations

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Economic Growth and Regulatory Paperwork Reduction Act (EGRPRA) and is inviting comment on how these selected rules are outdated, unnecessary or unduly burdensome.

 

 

The NCUA Board (Board) has proposed this rule because it believes asset securitization offers a number of benefits to credit unions.  Namely, it provides another tool with which credit unions can mitigate interest rate risk, it offers an alternative source for additional liquidity and funds, and it allows credit unions to streamline their balance sheets and focus capital where they need it most.

 

 The National Credit Union Administration (NCUA) is proposing to revise two of its regulations regarding appraisals.

1 Regulatory Alert Consumer Financial Protection Bureau: Request for Information – Mobile Financial Services 14-EA-14 NAFCU would like to highlight the following:  The Consumer Financial Protection Bureau (CFPB) is seeking information on use of mobile financial services by consumers to identify ways that mobile servic

Regulatory Alert Federal Housing Finance Agency Request for Input: Fannie Mae and Freddie Mac Guarantee Fees 14-EA-13 NAFCU would like to highlight the following:  The Federal Housing Finance Agency (FHFA) is seeking information about the guarantee fees (g-fees) that Fannie Mae and Freddie Mac (hereinafter, the Enterp

1 Regulatory Alert CFPB: Requests for Comment on Cure of Debt-to-Income Ratio Overages and Credit Extension Limit for Small Creditor Definition 14-EA-12 NAFCU would like to highlight the following:  The Consumer Financial Protection Bureau (CFPB) proposed certain amendments to the 2013 mortgage rules under the Truth i

1 Regulatory Alert National Credit Union Administration: 2014 Regulatory Review 14-EA-11 NAFCU would like to highlight the following:  The NCUA conducts a review of one-third of its existing regulations on an annual basis, and has published the list of regulations it is reviewing for 2014.  NAFCU is closely reviewing

1 Regulatory Alert Consumer Financial Protection Bureau: Proposed Amendments to Annual Privacy Notice 14-EA-10 NAFCU would like to highlight the following:  The Consumer Financial Protection Bureau (CFPB) proposed amendments to Regulation P that would allow credit unions, under certain conditions, to post their annual

1 Regulatory Alert Consumer Financial Protection Bureau: Proposed Amendments to 2013 Mortgage Rules under Truth in Lending Act (Reg Z) 14-EA-09 NAFCU would like to highlight the following: • The Consumer Financial Protection Bureau (CFPB) proposed amendments to the 2013, mortgage rules under the Truth in Lending Act (R

1 Regulatory Alert National Credit Union Administration: Associational Common Bond 14-EA-08 NAFCU would like to highlight the following:  The National Credit Union Administration (NCUA) is proposing to amend the associational common bond provisions of its chartering and field of membership manual.  The proposal would

1 Regulatory Alert Consumer Financial Protection Bureau: Regulation E; International Remittance Transfers Rule 14-EA-07 NAFCU would like to highlight the following:  The Consumer Financial Protection Bureau (CFPB) is proposing to extend an exception for international remittance transfers disclosures provided to federa

The National Credit Union Administration (NCUA), Office of Comptroller of the Currency, Treasury, Board of Governors for the Federal Reserve System, Federal Deposit Insurance Corporation, Bureau of Consumer Financial Protection, and Federal Housing Finance Agency have issued a proposed rule related to Appraisal Management Companies (AMCs).

The Federal Reserve Board issued a revised proposed rule to amend Subparts C and D of Regulation CC related to the availability of funds and the collection of checks.

The National Credit Union Administration (NCUA) is proposing to amend its voluntary liquidation regulation.

Replacing the agency's current risk-based net worth (RBNW) requirements with new risk-based capital requirements for federally insured natural person credit unions.

The Board of Governors of the Federal Reserve System (The Board or Fed) issued two proposed amendments designed to better align the Federal Reserve Banks (Reserve Banks) posting rules for check processing with actual deposit and presentment times, reflecting the industry's almost complete shift from paper to electronic check-processing.