@Regulatory Newsletter – March 2009 |
Published
The March issue of @Regulatory addresses a number of topics of interest for banking professionals.
The Federal Reserve Board created the Term Asset-Backed Securities Loan Facility (TALF) in November 2008 to help market participants meet the credit needs of households and small businesses. Since the initial program announcement, there have been several revisions to the TALF as a result of additional analysis and consultation. These modifications and other changes are addressed in the article "TALF Details Announced by Federal Reserve."
In February the Federal Deposit Insurance Corporation (FDIC) issued a Notice of Proposed Rulemaking to implement new interest rate restrictions on depository institutions that are not well-capitalized. The second banking article, "Interest Rate Restrictions on Institutions That Are Less Than Well-Capitalized" takes a look at the proposed changes to Section 29 of the Federal Deposit Insurance Act, changes which would provide insured depository institutions and bank examiners with a clear method for determining the highest permissible interest rates for those institutions that become less than well-capitalized.
We also have highlighted in our News Bulletins selected policy and supervisory guidance issues that are posing challenges across the banking sector.
- Substantial Increase to SAR Filings for Mortgage Loan Fraud
- Credit Card Interchange Fee Legislation Proposed
- Revisiting the CRA Policy
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@Regulatory Newsletter
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