Agencies issue final rule to modify certain regulatory capital standards

The agencies have finalized a rule modifying certain regulatory capital standards. This change will affect how credit unions calculate and maintain their capital ratios.
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Small Business Lending under the Equal Credit Opportunity Act (Regulation B); Extension of Compliance Dates

• Compliance dates for small business lending under Regulation B have been extended until June 2025. • The CFPB finalized an interim final rule that amends Regulation B, making other adjustments.
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Federal Reserve Board finalizes changes to its supervisory rating framework for large bank holding companies

- The Federal Reserve Board has finalized changes to its supervisory rating framework for large bank holding companies. - These changes will affect how the Fed evaluates and rates these institutions.
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2024 HMDA Data on Mortgage Lending Now Available

• The data includes loan-level information from financial institutions, modified for consumer privacy. • The data set is now available for 2024 HMDA reporting.
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Press Release: FDIC Board of Directors Approves Delay of Compliance Date For Certain Provisions in Sign and Advertising Rule

• Compliance date for certain provisions in the FDIC’s Sign and Advertising Rule has been delayed until March 1, 2026. • The delay applies specifically to requirements related to digital channels and ATMs.
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Prohibition on Creditors and Consumer Reporting Agencies Concerning Medical Information (Regulation V)

The CFPB is finalizing a rule amending Regulation V under the FCRA, which prohibits creditors and consumer reporting agencies from including medical information in consumer reports. This change aims to protect consumers' privacy by limiting the types of information that can be reported.
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Home Mortgage Disclosure (Regulation C) Adjustment to Asset-Size Exemption Threshold

The final rule adjusts the asset-size exemption threshold for banks, savings associations, and credit unions based on the annual percentage change in the CPI-W. This affects how these institutions report home mortgage data under Regulation C.
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Truth in Lending Act (Regulation Z) Adjustment to Asset-Size Exemption Threshold

• The rule amends Regulation Z to implement changes made by the Dodd-Frank Act and updates asset-size thresholds for certain creditors. • The exemption for escrow accounts in higher-priced mortgage loans now applies to insured depository institutions and credit unions with assets of $10 billion or less, adjusted annually for...
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Residential Property Assessed Clean Energy Financing (Regulation Z)

The CFPB amends Regulation Z to clarify how the Truth in Lending Act applies to PACE transactions. This rule does not specify a deadline for compliance.
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Overdraft Lending: Very Large Financial Institutions Final Rule

The CFPB final rule aims to enhance consumer comparison shopping for overdraft lending products and includes substantial protections similar to those in other consumer credit products. This regulation applies to very large financial institutions.
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Defining Larger Participants of a Market for General-Use Digital Consumer Payment Applications

Final rule grants the CFPB authority to supervise and examine larger participants in the market for general-use digital consumer payment applications; no explicit action items or deadlines are mentioned.
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Fair Credit Reporting Act Disclosures Annual Adjustment

The final rule amends an appendix for Regulation V implementing the Fair Credit Reporting Act. This adjustment requires credit unions to update their FCRA disclosures annually.
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Consumer Leasing (Regulation M) Annual Threshold Adjustments

The dollar threshold for exempt consumer leases under Regulation M has increased from $61,000 to $66,400. This change will take effect on January 1, 2023.
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Appraisals for Higher-Priced Mortgage Loans Exemption Threshold Adjustments

- The dollar threshold for exemptions from special appraisal requirements for higher-priced mortgage loans has increased from $28,500 to $31,000. - This change becomes effective January 1, 2023.
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Truth in Lending (Regulation Z) Threshold Adjustments

The dollar threshold for exempt consumer credit transactions under Regulation Z has been increased from $61,000 to $66,400; this change takes effect on January 1, 2023.
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Truth in Lending (Regulation Z); Consumer Protections for Home Sales Financed Under Contracts for Deed

The Truth in Lending Act applies to transactions where consumers purchase homes under a contract for deed. Credit unions need to ensure compliance with these regulations to protect consumer rights.
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Quality Control Standards for Automated Valuation Models

The final rule implements quality control standards for the use of automated valuation models by mortgage originators and secondary market issuers. These standards aim to ensure accurate determination of collateral worth in mortgages secured by a consumer’s principal dwelling.
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