• Date: 8/1/2014

The Washington Report | For the week ended July 25, 2014 

In this issue...

Safety & Soundness

  • FDIC Issues Guidance to S-Corporation Banks Regarding Basel III Capital Conservation Buffer
  •  FDIC Releases Study on Minority Depository Institutions
  • Federal Reserve Releases 2013 Payments Study Detailed Report
  • OCC Guidance Highlights Unique Characteristics of Mutual Savings Associations
  • BIS Releases International Banking Statistics for Q1 2014
  • Comptroller of the Currency Favors Modifying Certain Charter Restrictions for Federal Savings Associations
  • House Committee on Financial Services Holds Hearing to Assess Impact of the Dodd-Frank Act


Enterprise & Consumer Compliance

  • CFPB Proposes Rule to HMDA Reporting Requirements 
  • CFPB Publishes Second Annual Financial Literacy Report
  • CFPB Accepting Complaints on Prepaid Cards and Additional Nonbank Products
  • OIG Audit Finds that CFPB Needs to Improve Security Controls for Cloud Computing
  • Federal and State Agencies Conduct an Enforcement Sweep Against Foreclosure Relief Companies and Individuals; CFPB Issues Related Consumer Advisory


Capital Markets & Investment Management

  • SEC Adopts Money Market Fund Reform Rules
  •  SEC Approves FINRA Rule to Prohibit Conditioning Settlements on Expungement
  • FSB Publishes a Report on Reforming Major Interest Rate Benchmarks
  • CFTC Issues Time-Limited No-Action Relief from Electronic Reporting Requirements in the OCR Final Rule
  • House Subcommittee Holds Hearing Regarding Oversight of SEC’s Division of Corporation Finance
  • OCC Issues Municipal Securities Rulemaking Board Rules Booklet
  • Enforcement Actions


Recent Supervisory Actions