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U.S. Regulators to Bank Boards: “Debt is Good”

Perficient

The regulators feel that this proposed LTD rule would: Improve the resolvability of these banking organizations in case of failure, Potentially reduce costs to the Deposit Insurance Fund, and Mitigate financial stability and contagion risks by reducing the risk of loss to uninsured depositors.

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Model Risk Management: Regulatory Priorities and Best Practices

Abrigo

Meet Model Risk Management Expectations Updates to the FDIC Risk Management Manual should steer institutions toward a model that manages risk and drives growth. Takeaway 1 Aside from meeting examiner expectations, proper model risk management can protect your institution from unnecessary risk. . FDIC Update.

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Executive order on digital assets includes roles for CFPB, FTC, federal banking agencies

CFPB Monitor

leadership in the global financial system and in technological and economic competitiveness; promotion of equitable access to safe and affordable financial services; and promotion of responsible development and use of digital assets. Such other agencies include the CFPB, FTC, Federal Reserve Board, FDIC, and OCC.

FDIC 148
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Preparing for Section 1071

Abrigo

In the meantime, savvy software providers are preparing to help financial institutions meet the new requirements. Those implementing regulations were coming. Stay up to date on small business lending regulation and other lending trends. Lending Regulation. Lending Regulation. CECL Regulation. CRE Lending.

Lending 195
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CFPB publishes Spring 2020 rulemaking agenda

CFPB Monitor

It represents the CFPB’s third rulemaking agenda under Director Kraninger’s leadership. The CFPB recently proposed amendments to Regulation Z pursuant to this directive. Qualified Mortgage Definition under the Truth in Lending Act (Regulation Z). Amendments to Regulation Z to Facilitate Transition from LIBOR.

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CFPB publishes Fall 2020 rulemaking agenda

CFPB Monitor

It represents the CFPB’s fourth rulemaking agenda under Director Kraninger’s leadership. Other items listed in the agenda on which the CFPB expects to take action before the end of this year and next year include: Business Lending Data (Regulation B). Home Mortgage Disclosure Act (Regulation C).

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Finance Policy Predictions 2020: AML, Authentication, Collections & CRA

FICO

While current FCC leadership has tried to address some of the other issues implicated in the 2018 decision (e.g., While regulators have formed an inter-agency working group to develop viable reform measures, Congress has recently taken action to address the problem. I believe this deadline will be extended. by Daniel Nestel.