President Signs New COVID-19 Relief Bill into Law, Funding Additional PPP Loans -
The Paycheck Protection Program and Health Care Enhancement Act was signed into law by President Donald Trump on April 24, providing $484...more
5/1/2020
/ Banking Sector ,
CARES Act ,
Consumer Financial Protection Bureau (CFPB) ,
Coronavirus/COVID-19 ,
Credit Facilities ,
Electronic Notarization Standard ,
Eviction ,
Federal Reserve ,
Financial Institutions ,
Foreclosure ,
Governor Baker ,
HMDA ,
Leverage Ratio ,
Loan Modifications ,
Moratorium ,
Notarization ,
Paycheck Protection Program (PPP) ,
Relief Measures ,
SBA ,
SBA Lending Programs ,
State and Local Government ,
Virtual Notarization Procedures
On April 9, 2020, the Federal Reserve established new liquidity facilities to support lending programs authorized under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The Federal Reserve’s press release...more
Federal Reserve Announces Unlimited Quantitative Easing and New Emergency Lending Programs -
On March 23, the Federal Reserve announced new liquidity facilities, expanding its efforts to help shore up the U.S. economy....more
Federal Reserve Revises Framework for Determining Control of a Banking Organization
The Federal Reserve has adopted a final rule to simplify and clarify its regulations for determining control of a banking organization for...more
2/27/2020
/ Bank Holding Company Act ,
Banking Sector ,
CFTC ,
Comment Period ,
Community Reinvestment Act ,
Fannie Mae ,
FDCPA ,
FDIC ,
Federal Reserve ,
FFIEC ,
FHFA ,
Financial Institutions ,
Freddie Mac ,
Ginnie Mae ,
HMDA ,
Mortgage Lenders ,
Mortgages ,
NPRM ,
OCC ,
Securities and Exchange Commission (SEC) ,
Time-Barred Debt ,
Volcker Rule
OCC and FDIC Propose Interest Rate Fix for Loans Transferred to Non-Banks -
The FDIC and OCC have separately proposed rules that would codify the “valid-when-made” doctrine and clarify that when a bank sells, assigns, or...more
11/26/2019
/ Appraisal ,
Banking Sector ,
Consumer Financial Protection Bureau (CFPB) ,
Dodd-Frank ,
EGRRCPA ,
FDIC ,
Federal Reserve ,
Final Rules ,
HVCRE Loans ,
Interest Rates ,
IRS ,
Mortgages ,
OCC ,
Regulation Z ,
SAFE Act ,
Tax Cuts and Jobs Act ,
Truth in Lending Act (TILA) ,
Valid When Made Doctrine
FDIC Shares Examiners’ Expectations for Contracts with Technology Service Providers -
The FDIC has issued guidance on examiners’ expectations for provisions of contracts between banks and technology service providers...more
5/1/2019
/ Accounting Standards ,
Banking Sector ,
EGRRCPA ,
FDIC ,
Federal Reserve ,
FinTech ,
Global Systemically Important Banks (G-SIBs) ,
HMDA ,
Insolvency ,
Marijuana ,
Marijuana Related Businesses ,
Regulatory Authority ,
Safe Harbors
Federal Banking Agencies Propose Alternative Capital Framework for Community Banks -
The federal banking agencies have proposed a new community bank leverage ratio (“CBLR”) framework that would simplify regulatory capital...more
12/3/2018
/ Appraisal ,
Bank Deposits ,
Banking Sector ,
Call Reports ,
Class Action ,
Community Banks ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Deposit Insurance ,
Depository Institutions ,
Dodd-Frank ,
EGRRCPA ,
FDIC ,
Federal Reserve ,
FFIEC ,
Inflation Adjustments ,
Overdraft Fees ,
Regulation M ,
Regulation Z ,
Residential Real Estate Market
Agencies Issue Joint Statement on BSA/AML Resource Sharing Arrangements -
The federal banking agencies, along with the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”) and the NCUA, have...more
10/31/2018
/ Anti-Money Laundering ,
Bank Secrecy Act ,
Banking Sector ,
BSA/AML ,
Business Licenses ,
Cole Memorandum ,
Comment Period ,
Cybersecurity ,
Department of Justice (DOJ) ,
Dispensaries ,
Electronic Payment Transactions ,
Federal Reserve ,
FFIEC ,
FinCEN ,
FIRREA ,
HVCRE ,
HVCRE Loans ,
Joint Statements ,
Marijuana Related Businesses ,
NIST ,
Payment Systems ,
Property Valuation
Federal Banking Agencies Propose Simplifications to Regulatory Capital Rules -
The federal banking agencies have proposed amendments to their regulatory capital rules intended to simplify the capital treatment for mortgage...more
10/2/2017
/ Accounting Standards ,
Banking Sector ,
Capital Requirements ,
Federal Reserve ,
Financial Institutions ,
FinTech ,
HOLA ,
HVCRE Loans ,
Marijuana Related Businesses ,
Medical Marijuana ,
New Guidance ,
Securities Settlement Cycles
Federal Reserve Issues Proposed Guidance on Board Duties and Responsibilities -
The Federal Reserve has issued proposed supervisory guidance on the duties of boards of directors of institutions supervised by the Federal...more
CFPB Arbitration Rule Will Prevent Firms From Blocking Class Action Lawsuits -
The CFPB has approved a new rule that will prohibit banks and other covered providers of certain consumer financial products and services from...more
7/31/2017
/ Administrative Appeals ,
Arbitration ,
Class Action ,
Class Action Arbitration Waivers ,
Congressional Review Act ,
Consumer Financial Contracts ,
Consumer Financial Protection Bureau (CFPB) ,
Dodd-Frank ,
Fair Labor Standards Act (FLSA) ,
FDIC ,
Federal Reserve ,
Final Rules ,
Financial Services Industry ,
HMDA ,
Mortgage Lenders ,
Mortgages ,
Split of Authority ,
Underwriting ,
Wage and Hour
Supreme Court: Bank That Buys Debt for Its Own Account Is Not Debt Collector -
The U.S. Supreme Court recently held that a bank that collects on debts it has bought and holds “for its own account” is not a debt collector...more
6/30/2017
/ Appraisal ,
Consumer Financial Protection Bureau (CFPB) ,
Debt Buyers ,
Debt Collection ,
Debt Collectors ,
FDCPA ,
Federal Reserve ,
FIRREA ,
Information Reports ,
OCC ,
Prepaid Payment Products ,
Risk Management ,
SCOTUS ,
Third-Party Service Provider ,
U.S. Treasury
Fed Raises Threshold That Triggers Review of Systemic Risk of a Proposed Merger -
In a recent decision on a proposed merger of two bank holding companies, the Federal Reserve indicated that it has increased the...more
3/31/2017
/ Broker-Dealer ,
BSA/AML ,
Commercial Real Estate Contracts ,
Dodd-Frank ,
Federal Reserve ,
Fintech Charter ,
Merger Controls ,
OCC ,
Risk Management ,
Securities and Exchange Commission (SEC) ,
Threshold Requirements ,
Underwriting
The Federal Reserve Board has released a policy statement that details the framework it will follow in setting the Countercyclical Capital Buffer (“CCB”) for private-sector credit exposures located in the United States. The...more
9/30/2016
/ Banking Sector ,
BSA/AML ,
Capital Requirements ,
Community Banks ,
Cybersecurity ,
Dodd-Frank ,
FDIC ,
Federal Reserve ,
FFIEC ,
FinTech ,
Mortgage Lenders ,
OCC ,
Online Marketplace Lending
The Nutter Bank Report is a monthly publication of the firm's Banking and Financial Services Group.
Headlines
1. Agencies Publish Proposed Rule to Limit Incentive-Based Compensation Arrangements
2. Guidance on New...more
7/1/2016
/ Accounting Standards ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Cybersecurity ,
Federal Reserve ,
Incentive Compensation ,
New Guidance ,
Payday Loans ,
Proposed Regulation ,
Risk Management ,
Unfair or Deceptive Trade Practices
The Nutter Bank Report is a monthly publication of the firm's Banking and Financial Services Group.
Headlines -
1. Interagency Guidance Recommends Banks Review CRE Risk Management Strategies
2. Federal Reserve...more