In response to the Economic Growth and Regulatory Paperwork Reduction Act review process, the federal banking agencies are looking to reduce burdens of appraisal requirements and to simplify regulatory capital rules for community banks.
The Federal Reserve yesterday released a proposed rule that would exempt many regional banks from the complex qualitative requirements of its annual Comprehensive Capital Analysis and Review, or CCAR, process.
NACHA on Friday launched Phase 1 of its same-day ACH initiative, which allows for the sending and receiving of ACH credit transactions. All banks are now required to accept same-day ACH transactions.
With Wells Fargo’s product sales quotas in regulatory cross-hairs, Comptroller of the Currency Thomas Curry warned yesterday that large and midsize banks should expect closer examiner scrutiny of sales practices.