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News & Headlines

CFPB Issues New Policies Intended to Foster Innovation

9/11/2019
As part of its ongoing effort to foster financial services innovation, the CFPB yesterday issued three new policies to help banks safely and compliantly develop innovative products and services.

ARRC Extends Comment Period on Residential ARM Fallback Language

9/11/2019
The ARRC yesterday extended the comment deadline for its consultation on draft fallback language for residential adjustable-rate mortgages that reference the Libor.

Fed Proposes Risk-Based Capital Requirements for Insurance Firms It Oversees

9/9/2019
The Federal Reserve on Friday proposed to establish risk-based capital requirements for the eight depository institution holding companies it oversees that are significantly engaged in insurance activities.

IRS Proposes Regulations with Important Servicing, Card Fee Guidance

9/9/2019
The IRS has issued two sets of proposed regulations that address the timing of income inclusion under section 451 of the Internal Revenue Code.

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