Page 4 - May 2018

CFPB Requests Comment on Consumer FRB proposed amendments that would integrate
Complaint and Consumer Inquiry FRB’s regulatory capital rule and FRB’s
Handling Processes. Comprehensive Capital Analysis and Review
(CCAR) and stress test rules in order to simplify the
CFPB has requested comment on its consumer capital regime applicable to firms subject to the
complaint and consumer inquiry processes to assist capital plan rule. The proposal would amend FRB’s
CFPB in assessing its handling of these processes and capital plan rule, capital rule, and stress testing rules,
whether changes to its processes would be and make amendments to the Stress Testing Policy
appropriate. Comments are due 07/16/2018. The
notice may be viewed at: Statement. Under the proposal, FRB’s supervisory
https://www.gpo.gov/fdsys/pkg/FR-2018-04- stress test would be used to establish the size of a
17/pdf/2018-07943.pdf. Federal Register, Vol. 83. stress capital buffer requirement and a stress leverage
No. 74, 04/17/2018, 16839-16841. buffer requirement. The proposal would apply to
bank holding companies with $50 billion or more in
CFPB Requests Comment on Information total consolidated assets and U.S. intermediate
Collection. holding companies of foreign banking organizations
established pursuant to Regulation YY. Comments
CFPB announced it seeks comment on the are due 06/25/2018. The notice may be viewed at:
information collection State Official Notification
Rule—12 CFR 1082. CFPB also gave notice that https://www.gpo.gov/fdsys/pkg/FR-2018-04-
they sent the collection to OMB for review. 25/pdf/2018-08006.pdf. Federal Register, Vol. 83,
Comments are due 05/23/2018. The notice may be No. 80, 04/25/2018, 18160-18188.
viewed at: https://www.gpo.gov/fdsys/pkg/FR-2018-
04-23/pdf/2018-08422.pdf. Federal Register, Vol. FRB Requests Comment on Information
83, No. 78, 04/23/2018, 17656. Collections.

FRB Finalizes Amendments to • FRB announced it seeks comment on the
Regulation A. information collection titled Recordkeeping and
Disclosure Requirements Associated with
The Board of Governors of the Federal Reserve Consumer Financial Protection Bureau’s (CFPB)
System (FRB) finalized amendments to its Regulation B (Equal Credit Opportunity Act).
Regulation A to revise the provisions regarding the FRB also gave notice that they sent the
establishment of the primary credit rate in a financial
emergency and to delete the provisions relating to the collection to OMB for review. Comments are
use of credit ratings for collateral for extensions of due 06/12/2018. The notice may be viewed at:
credit under the former Term Asset-Backed https://www.gpo.gov/fdsys/pkg/FR-2018-04-
Securities Loan Facility (TALF). The final 13/pdf/2018-07668.pdf. Federal Register, Vol.
amendments are intended to allow the regulation to 83, No. 72, 04/13/2018, 16098-16099.
address circumstances in which the Federal Open
Market Committee (FOMC) has established a target • FRB announced it seeks comment on the
range for the federal funds rate rather than a single information collection titled Country Exposure
target rate, and to reflect the expiration of the TALF Report for U.S. Branches and Agencies of
program. The final rule is effective 06/08/2018. The Foreign Banks. FRB also gave notice that they
notice may be viewed at: sent the collection to OMB for review.
https://www.gpo.gov/fdsys/pkg/FR-2018-05- Comments are due 06/26/2018. The notice may
09/pdf/2018-09805.pdf. Federal Register, Vol. 83, be viewed at:
No. 90, 05/09/2018, 21167-21168.
https://www.gpo.gov/fdsys/pkg/FR-2018-04-
FRB Proposes Amendments to 27/pdf/2018-08838.pdf. Federal Register, Vol.
83, No. 82, 04/27/2018, 18564-18565.
Regulatory Capital, Capital Plan, and • FRB announced it seeks comment on the
Stress Test Rules. information collection titled Report of Assets

and Liabilities of U.S. Branches and Agencies of
Foreign Banks; Report of Assets and Liabilities

MAY 2018
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