On September 17, 2019, the Federal Deposit Insurance Corporation (the “FDIC”) passed a final rule providing qualifying community banking organizations the ability to opt-in to a new community bank leverage ratio (“CBLR”)...more
9/27/2019
/ Banking Sector ,
Banks ,
Community Banks ,
Consumer Protection Act ,
Dodd-Frank ,
EGRRCPA ,
FDIC ,
Final Rules ,
Financial Institutions ,
Leverage Capital Ratio ,
Opt-In
On May 22, 2018, the House of Representatives passed the bipartisan Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155) (the “Consumer Protection Act”), which had been previously passed by the Senate. The...more
In November 2016, with the election results confirmed, the banking industry was awash in hopes for a more lenient regulatory posture. To date, the industry has seen no reform. However, on March 14, 2018, the Senate passed and...more
3/19/2018
/ Bank Holding Company ,
Banking Sector ,
Banks ,
Community Banks ,
Community Reinvestment Act ,
Consumer Protection Act ,
Disclosure Requirements ,
Federal Deposit Insurance Act ,
Federal Savings Associations ,
Financial Institutions ,
HMDA ,
HVCRE ,
HVCRE Loans ,
Mortgages ,
Policy Statement ,
Prudential Standards ,
Regulatory Agenda ,
Rulemaking Process ,
Volcker Rule
On January 23, 2018, Mick Mulvaney, Acting Director of the Consumer Financial Protection Bureau (the “CFPB”), published an opinion editorial in The Wall Street Journal (the “Op-Ed”) describing his vision of the CFPB’s role in...more
2/21/2018
/ Adjudicatory Process ,
Call for Evidence ,
Civil Investigation Demand ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Protection Act ,
Cost-Benefit Analysis ,
Dodd-Frank ,
Enforcement Actions ,
Financial Institutions ,
Financial Services Industry ,
HMDA ,
Payday Lending Rule ,
Request For Information ,
Rulemaking Process ,
UDAAP ,
Wall Street Journal