CFPB: Seeking Comment on Plan for Assessing the ATR/QM Rule
Today, we released our plan to assess the effectiveness of the Ability-to-Repay/Qualified Mortgage rule (ATR/QM rule). We are asking the public to comment on our plan, to suggest sources of data, and generally to provide information that would help with the assessment. We see conducting the assessment as an opportunity. Conducting the assessment will advance…
OCC: New Deputy Comptrollers in Midsize and Community Bank Supervision Announced
WASHINGTON — The Office of the Comptroller of the Currency (OCC) today announced the selection of Scott Schainost to be Deputy Comptroller for Midsize Bank Supervision and Troy Thornton to be Deputy Comptroller for the OCC’s Southern District. “Scott and Troy bring more than three decades of bank supervision experience each with them to these…
FDIC: Final Handbook for De Novo Organizers Applying for Deposit Insurance Released
The Federal Deposit Insurance Corporation (FDIC) today released a final handbook to assist parties interested in establishing new banks. As part of the FDIC’s ongoing commitment to work with organizers, the handbook – Applying for Deposit Insurance – A Handbook for Organizers of De Novo Institutions – was designed to provide a plain language overview…