Agencies issue final rules implementing the Volcker Rule
Board of Governors of the Federal Reserve SystemCommodity Futures Trading CommissionFederal Deposit Insurance CorporationOffice of the Comptroller of the CurrencySecurities and Exchange Commission
For immediate release
December 10, 2013
Agencies Iss…
Federal Reserve Board announces banking entities covered by section 619 of the Dodd-Frank Act are required to fully conform their activities by July 21, 2015
Release Date: December 10, 2013
For immediate release
The Federal Reserve Board on Tuesday announced that banking entities covered by section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act will be required to fully conform their …
Federal Reserve Board announces banking entities covered by section 619 of the Dodd-Frank Act are required to fully conform their activities by July 21, 2015
Release Date: December 10, 2013
For immediate release
The Federal Reserve Board on Tuesday announced that banking entities covered by section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act will be required to fully conform their …
Federal Reserve Board issues final rule aligning market risk capital rule with Basel III
Release Date: December 6, 2013
For immediate release
The Federal Reserve Board on Friday issued a final rule that makes technical changes to the Board’s market risk capital rule to align it with the Basel III revised capital framework adopted by the B…
Federal Reserve Board announces final rule regarding Federal Reserve Bank accounts and services for financial market utilities designated as systemically important
Release Date: December 5, 2013
For immediate release
The Federal Reserve Board on Thursday issued a final rule that amends Regulation HH to set out the conditions and requirements for a Federal Reserve Bank to open and maintain accounts for and provid…
Federal Reserve Board releases guidance reminding financial institutions to exercise appropriate risk management and oversight when using service providers
Release Date: December 5, 2013
For immediate release
The Federal Reserve Board on Thursday released guidance reminding financial institutions it supervises to exercise appropriate risk management and oversight when using service providers.
The guidanc…
FinCEN, Federal Reserve finalize rule amending definitions in the Bank Secrecy Act
Board of Governors of the Federal Reserve SystemFinancial Crimes Enforcement Network
For immediate release
December 3, 2013
FinCEN, Federal Reserve Finalize Rule Amending Definitions in the Bank Secrecy Act
The Financial Crimes Enforcement Net…
Federal Reserve Board announces it has not objected to re-submitted capital plans from The Goldman Sachs Group, Inc. and JPMorgan Chase & Co.
Release Date: December 2, 2013
For immediate release
The Federal Reserve on Monday announced that it has not objected to re-submitted capital plans from The Goldman Sachs Group, Inc. and JPMorgan Chase & Co. During the 2013 Comprehensive Capital A…
Agencies announce increases in dollar thresholds in Regulations Z and M for exempt consumer credit and lease transactions
Board of Governors of the Federal Reserve System
Consumer Financial Protection Bureau
For immediate release
November 20, 2013
Agencies Announce Increases in Dollar Thresholds in Regulations Z and M for Exempt Consumer Credit and Lease Transactions
The Federal Reserve Board and the Consumer Financial Protection Bureau (CFPB) today announced they are increasing the dollar thresholds in Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing) for exempt consumer credit and lease transactions. Transactions at or below the thresholds are subject to the protections of the regulations.
The adjustments to the thresholds reflect the annual percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers as of June 1, 2013 and will take effect on January 1, 2014. These increases are consistent with amendments to the Truth in Lending and Consumer Leasing laws made by the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Based on the adjustments announced today, the protections of the Truth in Lending and Consumer Leasing acts generally will apply to consumer credit transactions and consumer leases of $53,500 or less in 2014–an increase of $500 from 2013. However, private education loans and loans secured by real property (such as mortgages) are subject to the Truth in Lending Act regardless of the amount of the loan.
Although the Dodd-Frank Act generally transferred rulemaking authority under the Truth in Lending Act and the Consumer Leasing Act to the CFPB, the Federal Reserve Board retains authority to issue rules for certain motor vehicle dealers. Therefore, the agencies are issuing these adjustments jointly.
The attached notices will be published shortly in the Federal Register.
| Media Contacts: | ||
| Federal Reserve Board | Susan Stawick | 202-452-2955 |
| CFPB | Sam Gilford | 202-435-7673 |
Agencies release regulatory capital estimation tool for community banks
Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationOffice of the Comptroller of the Currency
For immediate release
November 19, 2013
Agencies Release a Regulatory Capital Estimation Tool for Community Banks
The fede…