Revising the threshold is one outcome of the regulatory review process conducted as part of the Economic Growth and Regulatory Paperwork Reduction Act, which requires federal banking agencies to conduct a review of their rules at least every 10 years to identify outdated or unnecessary regulations. (info.trepp.com)
Mortgage Lenders should consider risk of payment shock: «Just to note one action we've taken recently, along with the other federal banking agencies, we've issued guidance on nontraditional mortgages, mortgages that involve interest - only or option ARMs that may not be amortizing mortgages. (1secondmortgage.com)
Minimum risk - based capital requirements: The appropriate Federal banking agencies shall establish minimum risk - based capital requirements on a consolidated basis for insured depository institutions, depository institution holding companies, and nonbank financial companies supervised by the Board of Governors. (law.stackexchange.com)