Interagency notice of proposed rulemaking to Expand the Scope of Community Reinvestment Act Regulations to Encourage Depository Institution Support for HUD Neighborhood Stabilization Program Activities

The Federal Bank and Thrift Regulatory Agencies announced a series of upcoming public hearings on modernizing the regulations that implement the Community Reinvestment Act (CRA).

Request for comment on a proposed rule amending Regulation Z to protect credit card users from unreasonable late payment and other penalty fees and to require credit card issuers to reconsider increases in interest rates.

Interim final rule to implement a recent statutory amendment requiring that notice be given to consumers when their mortgage loan has been sold or transferred

Proposed amendments to change the timing, content, and format of the disclosures that creditors provide to consumers about HELOCs at application and throughout the life of such accounts. The proposal would also provide protections related to account suspensions and credit-limit reductions, and reinstatement of accounts

Proposed amendments that would revise Closed-end mortgage disclosures to highlight potentially risky features such as adjustable rates, prepayment penalties, and negative amortization and prevent mortgage loan originators from "steering" consumers to more expensive loans

Proposed new and revised guidance that address the most frequently asked questions about flood insurance

Proposed interim final rule amending Regulation Z (Truth in Lending) to require creditors to increase the amount of notice consumers receive before the rate on a credit card account is increased or a significant change is made to the account's terms

Interagency Advance Notice of Proposed Rulemaking (ANPR) to identify possible additions to the information that furnishers must provide to consumer reporting agencies, such as the account opening date

Interagency proposed rulemaking that would revise the rules implementing the Community Reinvestment Act

The Board has adopted, and is seeking public comment on, an interim final rule to support in a timely manner, the full implementation and acceptance of the capital purchase program of the U.S. Department of Treasury and promote the stability of banking organizations and the financial system.

Interagency proposal to allow a banking organization to assign a 10 percent risk weight to claims on, and portions of claims guaranteed by, the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac).

Interagency proposal that would permit banks, bank holding companies, and savings associations (collectively, banking organizations) to reduce the amount of goodwill that a banking organization must deduct from tier 1 capital by the amount of any deferred tax liability associated with that goodwill

Interagency proposal of a new risk-based capital framework (standardized framework) based on the standardized approach for credit risk and the basic indicator approach for operational risk described in the capital adequacy framework titled "International Convergence of Capital Measurement and Capital Standards: A Revised Framework" (New Accord) released by the Basel Committee on Banking Supervision. The standardized framework generally would be available, on an optional basis, to banks, bank holding companies, and savings associations (banking organizations) that apply the general risk-based capital rule

Interagency proposed revisions to the market risk capital rule to enhance its risk sensitivity and introduce requirements for public disclosure of certain qualitative and quantitative information about the market risk of a bank or bank holding company

Joint advanced notice of proposed rulemaking requesting comment from the public, including law enforcement and financial institutions, to assess whether the potential benefit to law enforcement of a lower threshold outweighs the potential burden to financial institutions.

Joint request for comment on issues related to the accuracy of consumer credit reports and the reinvestigation of disputes

Proposed framework for Risk-Based Capital Guidelines; Implementation of New Basel Capital Accord

Request for comment regarding the discussion topics for its upcoming public hearings on potential revisions to the Board's Regulation C, which implements the Home Mortgage Disclosure Act (HMDA).

Proposed guidance designed to help ensure that incentive compensation policies at banking organizations do not encourage excessive risk-taking and are consistent with the safety and soundness of the organization

Interagency request for comment on proposed guidance on correspondent concentration risks. The Proposed Guidance outlines the Agencies' expectations for financial institutions with respect to identifying, monitoring, and managing correspondent concentration risks between financial institutions, and performing appropriate due diligence on all credit exposures to and funding transactions with other financial institutions.

Interagency proposed guidance on sound practices for the management of funding and liquidity risks, and to strengthen liquidity risk-management practices

Request for comment on proposed changes to the methodology for calculating the imputed costs, collectively known as the private sector adjustment factor, that are considered when setting fees and measuring cost recovery for certain payment services provided to depository institutions

The Federal Reserve Board, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency, and Office of Thrift Supervision are proposing for comment one new and two revised questions and answers. The revisions to the two existing questions and answers would allow pro rata consideration in certain circumstances for an activity that provides affordable housing targeted to low- or moderate-income individuals. The proposed new question and answer would provide examples of how an institution can determine that community services it provides are targeted to low- and moderate-income individuals

Request for comment regarding the proposed Interagency Appraisal and Evaluation Guidelines that reaffirm supervisory expectations for sound real estate appraisal and evaluation practices.

Pursuant to the provisions of the Privacy Act of 1974, notice is given that the Board of Governors of the Federal Reserve System (Board) proposes to add two new systems of records, BGFRS-37 (Electronic Applications) and BGFRS-38 (Transportation Subsidy Records)

Request for comment on new and revised interagency questions and answers regarding flood insurance.

Interagency proposed guidance entitled Garnishment of Exempt Federal Benefit Funds

Interagency request for comment on proposed illustrations of consumer information for subprime mortgage lending.

Request for comment on a series of new and revised interagency questions and answers pertaining to the Community Reinvestment Act (CRA).

Interagency proposed Supervisory Guidance for Internal Ratings-Based Systems for Credit Risk, Advanced Measurement Approaches for Operational Risk, and the Supervisory Review Process (Pillar 2) Related to Basel II Implementation

Joint request for comment on proposed classification of commercial credit exposures

Proposal to standardize and expand the examination data collected in support of the Shared National Credit Program

Proposed supervisory guidance on the internal-ratings-based (IRB) approach to determine regulatory capital requirements for retail credit exposures

Proposal to adopt an interpretation of the anti-tying restrictions of section 106 of the Bank Holding Company Act Amendments of 1970, and related supervisory guidance

Proposal to approve under OMB delegated authority the implementation of the following information collection: Recordkeeping Requirements Associated with Limitations on Interbank Liabilities (Regulation F).

Proposal to approve under OMB delegated authority the extension for three years, without revision, of the following report: Recordkeeping and Disclosure Requirements Associated with Securities Transactions Pursuant to Regulation H (Reg H-3).

Proposal to approve under OMB delegated authority the extension for three years, without revision, of the following reports: Survey of Board Publications (FR 1373 a,b), Interagency Bank Merger Act Application (FR 2070), Interagency Notice of Change in Control, Interagency Notice of Change in Director or Senior Executive Officer, and Interagency Biographical and Financial Report (FR 2081a, FR 2081b, and FR 2081c), Recordkeeping and Disclosure Requirements Associated with Regulation R (FR 4025)

Proposal to approve under OMB delegated authority the extension for three years, without revision, of the following reports: Home Mortgage Disclosure Act (HMDA) Loan/Application Register (LAR) (FR HMDA-LAR), and Disclosure Requirements in Connection with Regulation CC (Expedited Funds Availability Act (EFAA)) (Reg CC)

Proposal to approve under OMB delegated authority the extension for three years, with revision, of the following report: Intermittent Survey of Businesses (FR 1374)

Proposal to approve under OMB delegated authority the extension for three years, without revision, of the following report: Reporting and Disclosure Requirements Associated with the Policy on Payments System Risk (FR 4012).

Proposal to approve under OMB delegated authority the extension for three years, with revision, of the following reports: Report of Selected Balance Sheet Items for Discount Window Borrowers (FR 2046), and Report of Terms of Credit Card Plans and the Report of Terms of Credit Card Plans Supplemental Survey (FR 2572 and FR 2572S, respectively). Proposal to approve under OMB delegated authority the extension for three years, without revision, of the following reports: Survey to Obtain Information on the Relevant Market in Individual Merger Cases (FR 2060), Request for Extension of Time to Dispose of Assets Acquired in Satisfaction of Debts Previously Contracted (FR 4006), Stock Redemption Notification (FR 4008), Information Collections Related to the Gramm-Leach-Bliley (GLB) Act (FR 4010, FR 4011, FR 4012, FR 4017, FR 4019, and FR 4023), and Notice Claiming Status as an Exempt Transfer Agent (FR 4013)