Friday, October 30, 2009

SBA interim final rule, 504 program

10/30/09: American Recovery and Reinvestment Act of 2009, Secondary Market First Lien Position 504 Loan Pool Guarantee. Interim final rule with request for comments. Small Business Administration.

Effective 10/30/09. PDF Text

Thursday, October 29, 2009

NCUA final rule, share insurance

10/29/09: Display of Official Sign; Temporary Increase in Standard Maximum Share Insurance Amount; Coverage for Mortgage Servicing Accounts; Share Insurance for Revocable Trust Accounts. Final rule. NCUA.

Effective 11/30/09. PDF Text

Wednesday, October 28, 2009

NCUA webinar on member business lending

10/28/09: NCUA 11/18 Member Business Lending Webinar. The webinar will run from 1-2:30 p.m. EST.

Link

OFAC blocked persons designation

10/28/09: Additional Designations, Foreign Narcotics Kingpin Designation Act. Notice. Office of Foreign Assets Control.

Effective 10/22/09. PDF Text

Tuesday, October 27, 2009

NCUA Letter to Credit Unions, premium assessments

10/27/09: NCUA Letter to Credit Unions 09-CU-09. NCUA premium assessments; explains NCUA's September approval of assessments for NCUSIF premium and to begin repayment of Treasury borrowing for the corporate credit union stabilization plan. PDF

NCUSIF stress testing results - Enclosure 1 PDF

Corporate credit union reserve - Enclosure 2 PDF

NCUA Letter to Credit Unions, official sign

10/27/09: NCUA Letter to Credit Unions 09-CU-21. NCUA revised its regulations on the use of the official sign and official advertising statement. PDF

Monday, October 26, 2009

Department of Housing and Urban Development proposal; correction

10/26/09: Prohibition of the Escrowing of Tax Credit Equity. Correction. Department of Housing and Urban Development.

Filed 10/23/09. PDF Text

Friday, October 23, 2009

NCUA Board 10/22 action memoranda

10/23/09: Action items from 10/22 NCUA Board open meeting. All items presented for action were approved 3-0.

  • Request from US #1364 Federal Credit Union to Convert to a Community Charter. Item 1
  • Request from Kansas State Supervisory Authority for an Exemption from Section 712.3(d)(3) of NCUA’s Rules and Regulations. Item 2a; Item 2b
  • Final Rule – Part 745 of NCUA’s Rules and Regulations, Share Insurance and Appendix. Item 3a; Item 3b
  • Insurance Fund Report. Item 4a; Item 4

Federal Housing Finance Board proposed rule

10/23/09: Federal Home Loan Bank Directors' Compensation and Expenses. Proposed rule. Federal Housing Finance Board.

Comments are due 12/07/09. PDF Text

Thursday, October 22, 2009

Federal Open Market Committee, Sept. 23 statement

10/22/09: Domestic Policy Directive of Sept. 22 and 23, 2009. Federal Open Market Committee.

PDF Text

OFAC blocked persons designation lifted

10/22/09: Additional Designation of One Individual Pursuant to Executive Order 13224. Notice. Office of Foreign Assets Control.

Effective 10/15/09. PDF Text

Wednesday, October 21, 2009

Federal Reserve Board proposed rule; Regulation Z

10/21/09: Truth in Lending. Proposed rule. Federal Reserve Board.

Comments are due 11/20/09. PDF Text

OFAC blocked persons designation lifted

10/21/09: Additional Designations, Foreign Narcotics Kingpin Designation Act. Notice. Office of Foreign Assets Control.

Effective 10/14/09. PDF Text

Tuesday, October 20, 2009

Monday, October 19, 2009

NCUA notice of meeting with corporate CUs

10/19/09: NCUA meeting with corporate CUs. Announcement. NCUA.

Meeting is 2 p.m. 11/5/09. Link

NCUA Board meeting notice

10/19/09: NCUA Board meeting agenda. Notice. NCUA.

Open meeting is 10 a.m. 10/22/09; closed meeting is 11:30 a.m. PDF Text

Friday, October 16, 2009

Special notice: 10/22 NCUA Open Board Meeting

10/16/09: NCUA 10/22 Open Board Meeting Agenda. Open meeting is 10 a.m.;  closed meeting is 11:30 a.m. Link

Special notice: Registration for 10/22 NCUA Town Hall Web Event

10/16/09: NCUA Online Town Hall. Registration is open; event is 10/22/09.

Registration, previous staff presentations; link

CDFI Fund, Financial Education and Counseling Pilot Program

10/16/09: Financial Education and Counseling Pilot Program. Notice of funds availability. Community Development Financial Institutions.

Applications are due 11/19/09. PDF Text

FTC proposal, consumer credit reports

10/15/09: Free Annual File Disclosures; Amendments to Rule to Prevent Deceptive Marketing of Credit Reports and to Ensure Access to Free Annual File Disclosures. Notice of proposed rulemaking; request for comment. Federal Trade Commission.

Comments are due 11/30/09. PDF Text

FTC Telemarketing Sales Rule; extension of comment period

10/15/09: Telemarketing Sales Rule; Extension of Comment Period in the Notice of Proposed Rulemaking. Federal Trade Commission.

Comment period extended to 10/26/09. PDF Text

Thursday, October 15, 2009

Special notice: NCUA Chairman Debbie Matz testimony

10/15/09: NCUA Chairman Debbie Matz Hearing Testimony on State of the Industry. Prepared for Senate Banking Subcommittee on Financial Institutions Hearing of 10/14/09.

PDF


Federal Reserve Board Regulation CC revision

10/15/09: Availability of  Funds and Collection of Checks. Final rule; technical amendment. Federal Reserve Board.

Effective 10/17/09 and 11/14/09. PDF Text

Federal Reserve Board Regulation DD adjustment

10/15/09: Reserve Requirements of Depository Institutions. Final rule. Federal Reserve Board.

Effective 11/16/09. Compliance dates vary according to reporting schedules. PDF Text

Securities and Exchange Commission proposed rule

10/15/09: Credit Ratings Disclosure. Proposed rule. Securities and Exchange Commission.

Comments are due 12/14/09. PDF Text

Securities and Exchange Commission concept release

10/15/09: Concept Release on Possible Rescission of Rule 436(g) Under the Securities Act of 1933. Concept release; request for comments.

Comments are due 12/14/09. PDF Text

Wednesday, October 14, 2009

FDIC special assessments; Paperwork Reduction Act notice

10/14/09: Assessments; Paperwork Reduction Act Notice. Notice of proposed rulemaking; supplemental notice. FDIC.

Comments are due 10/28/09. PDF Text

Tuesday, October 13, 2009

Friday, October 9, 2009

Special notice: NCUA 2010 Board meeting schedule

10/09/09: NCUA 2010 Board Meeting Schedule. Schedule can be changed at any time. Link

OFAC blocked persons designation lifted

10/09/09: Unblocking of Specially Designated Nationals and Blocked Persons Pursuant to Executive Order 12978. Notice. Office of Foreign Assets Control.

Effective 10/02/09. PDF Text

HUD proposal, prohibition of escrowing of tax credit equity

10/09/09: Prohibition of the Escrowing of Tax Credit Equity. Proposed rule. Department of Housing and Urban Development.

Comments are due 12/08/09. PDF Text

SEC final rule, references to credit ratings

10/09/09: References to Ratings of Nationally Recognized Statistical Rating Organizations. Final rule. Securities and Exchange Commission.

Effective 11/12/09. PDF Text

SEC comment period reopened, references to credit ratings

10/09/09: References to Ratings of Nationally Recognized Statistical Rating Organizations. Proposed rule; reopening of comment period. Securities and Exchange Commission.

Comments are due 12/08/09. PDF Text

Thursday, October 8, 2009

FHA, new information collection

10/08/09: FHA-Insured Mortgage Loan Servicing Involving the Loss Mitigation Programs. Notice. Department of Housing and Urban Development.

Comments are due 11/09/09. PDF Text

Wednesday, October 7, 2009

Special notice: NCUA town hall webinar slated

10/07/09: NCUA Town Hall Webinar. Announcement.

Online town hall is at 3 p.m. 10/22/09. Link

Meeting of the President's Advisory Council of Financial Literacy

10/07/09: Open Meeting of the President's Advisory Council on Financial Literacy. Notice of meeting.

Meeting is at 10 a.m. 11/03/09. PDF Text

Federal Housing Finance Agency, FHLB board directors

10/07/09: Federal Home Loan Bank Boards of Directors, Eligibility and Elections. Final rule. Federal Housing Finance Agency.

Effective 11/06/09. PDF Text

Tuesday, October 6, 2009

Special notice: CUs receiving Community Development Financial Institution Fund awards

10/06/09: NCUA release on CUs receiving CDFI Funds. Release details all Community Development Financial Institution Fund Awards to credit unions during 2009. Link

Consumer Advisory Council open meeting agenda

10/06/05: Notice of Meeting of the Consumer Advisory Council. Federal Reserve Board.

Open meeting is 9 a.m.-12:30 p.m. 10/22/09. PDF Text

IRS, correction to final regulations; health savings accounts

10/06/09: Employer Comparable Contributions to Health Savings Accounts Under Section 4980G, Requirement of Return for Filing of the Excise Tax Under Section 4980B, 4980D, 4980E or 4980G. Correction to Final Regulations. IRS.

Filed 10/05/09. PDF Text


Monday, October 5, 2009

Friday, October 2, 2009

FDIC; prepaid assessments to the Bank Insurance Fund

10/02/09: Prepaid Assessments. Notice of proposed rulemaking and request for comment. FDIC.

Comments are due 10/28/09. PDF Text

FDIC amended restoration plan

10/02/09: FDIC Amended Restoration Plan. Notice. FDIC.

Effective immediately. PDF Text

Federal Housing Finance Board Office of Finance Board of Directors, proposal

10/02/09: Board of Directors of Federal Home Loan Bank System Office of Finance. Notice of proposed rulemaking; extension of comment period. Federal Housing Finance Board.

Comment deadline extended to 11/04/09. PDF Text

FinCEN, Currency Transaction Report (renewal)

10/02/09: Currency Transaction Report. Notice and request for comment. Financial Crimes Enforcement Network.

Comments are due 12/01/09. PDF Text

Small Business Administration 'peg rate'

10/02/09: SBA "peg" rate. Notice. Small Business Administration.

Effective for October-December quarter of FY2009. PDF Text

Thursday, October 1, 2009

FHA notice of proposed information collection

10/01/09: FHA Lender Approval, Annual Renewal, Periodic Updates and Noncompliance Reporting by FHA Approved Lenders. Notice of proposed information collection; emergency comment request. Department of Housing and Urban Development.

Comments are due 10/15/09. PDF Text

Special notice: FFIEC announces availability of 2008 mortgage lending data

10/01/09: Availability of 2008 Data on Mortgage Lending. Announcement. Federal Financial Institutions Examination Council.

PDF