By Faye Ricci on Posted in Basel III,Compliance Resources,Regulatory DevelopmentsToday, the Office of the Comptroller of the Currency (“OCC”) issued a regulatory capital bulletin (“Bulletin”) stating that the OCC, the Federal Reserve Board, and the Federal Deposit Insurance Corporation have developed an automated tool to help national banks and federal savings associations calculate risk-based capital requirements for securitization exposures. This automated tool is not… Continue Reading
By Faye Ricci on Posted in Basel III,CFPB,Mortgage Servicing,Regulatory Developments,TILA/RESPACFPB Proposes to Give Relief to Small Lenders On January 29, 2015, in response to comments from industry groups and stakeholders, the CFPB proposed amendments to certain mortgage rules that were issued in 2013. The CFPB will take comments until March 30, 2015 on these proposed rules. The proposed rule expands the CFPB’s definition of… Continue Reading
By Faye Ricci on Posted in Basel III,Mortgage Servicing,Regulation AB,Regulatory DevelopmentsBasel III As we start of the New Year, I think it is a good idea to assess Basel III’s impact on banks. We have just finished year one of the five year phase in of Basel III. As many of you are well aware, when the Federal Reserve Board approved the Basel III Regulatory Capital and… Continue Reading
