Federal Deposit Insurance Corporation 2015 – Federal Register Recent Federal Regulation Documents

Capital Maintenance
Document Number: 2015-33048
Type: Rule
Date: 2015-12-31
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Community Reinvestment Act Regulations
Document Number: 2015-32670
Type: Rule
Date: 2015-12-29
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions, Federal Reserve System, Office of the Comptroller of the Currency, Department of Treasury, Department of the Treasury
The OCC, the Board, and the FDIC (collectively, the Agencies) are amending their Community Reinvestment Act (CRA) regulations to adjust the asset-size thresholds used to define ``small bank'' or ``small savings association'' and ``intermediate small bank'' or ``intermediate small savings association.'' As required by the CRA regulations, the adjustment to the threshold amount is based on the annual percentage change in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). The Agencies also propose to make technical edits to remove obsolete references to the Office of Thrift Supervision (OTS) and update cross-references to regulations implementing certain Federal consumer financial laws in their CRA regulations.
Regulatory Publication and Review Under the Economic Growth and Regulatory Paperwork Reduction Act of 1996
Document Number: 2015-32312
Type: Proposed Rule
Date: 2015-12-23
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions, Federal Reserve System, Office of the Comptroller of the Currency, Department of Treasury, Department of the Treasury
The OCC, Board, and FDIC (each an ``Agency''; together ``we'' or ``Agencies'') are conducting a review of the regulations we have issued in order to identify outdated or otherwise unnecessary regulatory requirements imposed on insured depository institutions, as required by the Economic Growth and Regulatory Paperwork Reduction Act of 1996 (EGRPRA). EGRPRA requires the Agencies to organize the regulations into categories and publish groups of categories for comment. In this notice, the Agencies are seeking public comment on regulations in the following categories: Rules of Procedure; Safety and Soundness; and Securities. We have listed these rules on a chart included with this notice. In addition, as we previously announced, the Agencies have expanded the scope of the EGRPRA review to include the Agencies' recently issued final rules. Accordingly, in this notice, the Agencies invite the public to comment on any Agency final rule not included in a previous EGRPRA Federal Register notice. To facilitate identification of these recently issued rules, we have included with this notice a separate chart that lists these rules. Finally, in order to be as inclusive as possible, the Agencies also invite comment during the comment period for this notice on any Agency rule that is issued in final form on or before December 31, 2015. We will list these rules on the EGRPRA Web site, http://egrpra.ffiec.gov/. The public may also comment on any other Agency rule, including rules covered by the three prior notices during the open comment period for this notice.
Proposed Revisions to the FDIC's Rules and Regulations Requiring the Registration of Securities Transfer Agents
Document Number: 2015-31941
Type: Proposed Rule
Date: 2015-12-22
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
The FDIC is proposing to amend its regulations requiring insured State nonmember banks, or subsidiaries of such banks, that act as transfer agents for qualifying securities under section 12 of the Securities Exchange Act of 1934 ('34 Act) to register with the FDIC. First, the proposed amendments would require insured State savings associations and subsidiaries of such State savings associations that act as transfer agents for qualifying securities to register with the FDIC, similar to the registration requirements applicable to insured State nonmember banks and subsidiaries of such banks. Second, the proposed amendments would revise the definition of qualifying securities to reflect statutory changes to the '34 Act made by the Jumpstart Our Business Startups Act (JOBS Act). The proposed amendments are consistent with the FDIC's continuing review of its regulations under the Economic Growth and Regulatory Paperwork Reduction Act of 1996.
Removal of Transferred OTS Regulations Regarding Management Official Interlocks and Amendments to FDIC's Rules and Regulations
Document Number: 2015-31940
Type: Rule
Date: 2015-12-21
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
The Federal Deposit Insurance Corporation (``FDIC'') is adopting a final rule to rescind and remove from the Code of Federal Regulations the transferred OTS regulation entitled ``Management Official Interlocks.'' This subpart was included in the regulations that were transferred to the FDIC from the Office of Thrift Supervision (``OTS'') on July 21, 2011, in connection with the implementation of applicable provisions of title III of the Dodd-Frank Wall Street Reform and Consumer Protection Act (``Dodd-Frank Act''). The requirements for State savings associations in the transferred OTS regulation are substantively similar to those in the FDIC's regulation, which is also entitled ``Management Official Interlocks'' and is applicable for all insured depository institutions (``IDIs'') for which the FDIC has been designated the appropriate Federal banking agency.
Sunshine Act Meeting
Document Number: 2015-31854
Type: Notice
Date: 2015-12-17
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Sunshine Act Meeting
Document Number: 2015-31853
Type: Notice
Date: 2015-12-17
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Notice to All Interested Parties of the Termination of the Receivership of 10227, Champion Bank, Creve Coeur, MO
Document Number: 2015-31543
Type: Notice
Date: 2015-12-16
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Agency Information Collection Activities: Proposed Information Collection Revision; Comment Request (3064-0189)
Document Number: 2015-31492
Type: Notice
Date: 2015-12-15
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
The Federal Deposit Insurance Corporation (``FDIC'') invites the general public and other Federal agencies to take this opportunity to comment on a revision of a continuing information collection, titled, ``Company-Run Annual Stress Test Reporting Template and Documentation for Covered Institutions with Total Consolidated Assets of $50 Billion or More under the Dodd-Frank Wall Street Reform and Consumer Protection Act,'' (3064-0189), as required by the Paperwork Reduction Act of 1995.
Agency Information Collection Activities: Proposed Collection Renewals; Comment Request (3064-0046, 3064-0113, & 3064-0178)
Document Number: 2015-31483
Type: Notice
Date: 2015-12-15
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
The FDIC, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on the renewal of existing information collections, as required by the Paperwork Reduction Act of 1995. Currently, the FDIC is soliciting comment on the renewal of the information collections described below.
Notice to All Interested Parties of the Termination of the Receivership of 10326, Legacy Bank, Scottsdale, Arizona
Document Number: 2015-31482
Type: Notice
Date: 2015-12-15
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Sunshine Act Meeting
Document Number: 2015-31481
Type: Notice
Date: 2015-12-14
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Notice to All Interested Parties of the Termination of the Receivership of 10326, Legacy Bank, Scottsdale, Arizona
Document Number: 2015-31390
Type: Notice
Date: 2015-12-14
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Agency Information Collection Activities: Proposed Collection Renewals; Comment Request (3064-0046, 3064-0113, & 3064-0178)
Document Number: 2015-31389
Type: Notice
Date: 2015-12-14
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
The FDIC, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on the renewal of existing information collections, as required by the Paperwork Reduction Act of 1995. Currently, the FDIC is soliciting comment on the renewal of the information collections described below.
Notice To All Interested Parties of the Termination of the Receivership of 10494 Syringa Bank, Boise, Idaho
Document Number: 2015-31288
Type: Notice
Date: 2015-12-11
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Notice of Termination; 10479 Central Arizona Bank; Scottsdale, Arizona
Document Number: 2015-31287
Type: Notice
Date: 2015-12-11
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Notice of Termination; 10420 BankEast; Knoxville, Tennessee
Document Number: 2015-31286
Type: Notice
Date: 2015-12-11
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Notice of Termination, 10357 Rosemount National Bank, Rosemount, Minnesota
Document Number: 2015-31285
Type: Notice
Date: 2015-12-11
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Notice of Termination; 10069 Neighborhood Community Bank, Newnan, Georgia
Document Number: 2015-30788
Type: Notice
Date: 2015-12-07
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Notice of Termination; 10489, The Community's Bank Bridgeport, Connecticut
Document Number: 2015-30762
Type: Notice
Date: 2015-12-07
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Notice to All Interested Parties of the Termination of the Receivership of 10294, North County Bank, Arlington, Washington
Document Number: 2015-30744
Type: Notice
Date: 2015-12-07
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Notice of Termination; 10456 Waukegan Savings Bank, Waukegan, Illinois
Document Number: 2015-30645
Type: Notice
Date: 2015-12-04
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Agency Information Collection Activities: Information Collection Renewal; Request for Comment; Interagency Appraisal Complaint Form
Document Number: 2015-30644
Type: Notice
Date: 2015-12-04
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions, Office of the Comptroller of the Currency, Department of Treasury, Department of the Treasury
The Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) (the Agencies) as part of their continuing effort to reduce paperwork and respondent burden, invite the general public and other Federal agencies to take this opportunity to comment on an information collection renewal, as required by the Paperwork Reduction Act of 1995. An agency may not conduct or sponsor, and a respondent is not required to respond to, an information collection unless it displays a currently valid OMB control number. The Agencies are soliciting comment concerning the renewal of their information collection titled ``Interagency Appraisal Complaint Form.''
Notice of Termination; 10437 Palm Desert National Bank, Palm Desert, CA
Document Number: 2015-30416
Type: Notice
Date: 2015-12-01
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Notice of Termination; 10108 First Coweta Bank, Newnan, GA
Document Number: 2015-30415
Type: Notice
Date: 2015-12-01
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Notice of Termination; 10040 Pinnacle Bank, Beaverton, OR
Document Number: 2015-30414
Type: Notice
Date: 2015-12-01
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Regulatory Publication and Review Under the Economic Growth and Regulatory Paperwork Reduction Act of 1996
Document Number: 2015-30247
Type: Proposed Rule
Date: 2015-11-30
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions, Federal Reserve System, Office of the Comptroller of the Currency, Department of Treasury, Department of the Treasury
The OCC, Board, and FDIC (together ``we'' or ``Agencies'') announce the sixth and final outreach meeting on the Agencies' interagency process to review their regulations under the Economic Growth and Regulatory Paperwork Reduction Act of 1996 (``EGRPRA'').
Margin and Capital Requirements for Covered Swap Entities
Document Number: 2015-28671
Type: Rule
Date: 2015-11-30
Agency: Farm Credit Administration, Agencies and Commissions, Federal Deposit Insurance Corporation, Federal Reserve System, Office of the Comptroller of the Currency, Department of Treasury, Department of the Treasury, Federal Housing Finance Agency
The OCC, Board, FDIC, FCA, and FHFA (each an ``Agency'' and, collectively, the ``Agencies'') are adopting a joint rule to establish minimum margin and capital requirements for registered swap dealers, major swap participants, security-based swap dealers, and major security-based swap participants for which one of the Agencies is the prudential regulator. This final rule implements sections 731 and 764 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, as amended by the Terrorism Risk Insurance Program Reauthorization Act of 2015 (``TRIPRA''). Sections 731 and 764 require the Agencies to adopt rules jointly to establish capital requirements and initial and variation margin requirements for such entities on all non-cleared swaps and non-cleared security-based swaps in order to offset the greater risk to such entities and the financial system arising from the use of swaps and security-based swaps that are not cleared.
Margin and Capital Requirements for Covered Swap Entities
Document Number: 2015-28670
Type: Rule
Date: 2015-11-30
Agency: Farm Credit Administration, Agencies and Commissions, Federal Deposit Insurance Corporation, Federal Reserve System, Office of the Comptroller of the Currency, Department of Treasury, Department of the Treasury, Federal Housing Finance Agency
The OCC, Board, FDIC, FCA, and FHFA (each an ``Agency'' and, collectively, the ``Agencies'') are adopting and invite comment on an interim final rule that will exempt certain non-cleared swaps and non- cleared security-based swaps with certain counterparties that qualify for an exception or exemption from clearing from the initial and variation margin requirements promulgated under sections 731 and 764 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the ``Dodd-Frank Act'' or the ``Act''). This interim final rule implements Title III of the Terrorism Risk Insurance Program Reauthorization Act of 2015 (``TRIPRA''), which exempts from the Agencies' swap margin rules non-cleared swaps and non-cleared security-based swaps in which a counterparty qualifies for an exemption or exception from clearing under the Dodd-Frank Act. This interim final rule is a companion rule to the final rules adopted by the Agencies to implement section 731 and 764 of the Dodd-Frank Act.
Treatment of Financial Assets Transferred in Connection With a Securitization or Participation
Document Number: 2015-29821
Type: Proposed Rule
Date: 2015-11-25
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
The FDIC is proposing a rule that would revise a provision of its Securitization Safe Harbor Rule, which relates to the treatment of financial assets transferred in connection with a securitization or participation, in order to clarify a requirement as to loss mitigation by servicers of residential mortgage loans.
Treatment of Financial Assets Transferred in Connection With a Securitization or Participation
Document Number: 2015-29822
Type: Rule
Date: 2015-11-24
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
The Federal Deposit Insurance Corporation (the ``FDIC'') is issuing a final rule (the ``Final Rule'') that revises certain provisions of its securitization safe harbor rule, which relates to the treatment of financial assets transferred in connection with a securitization or participation, in order to clarify the requirements of the securitization safe harbor as to the retention of an economic interest in the credit risk of securitized financial assets in connection with the effectiveness of the credit risk retention regulations adopted under Section 15G of the Securities Exchange Act.
Notice of Termination; 10454 The Royal Palm Bank of Florida, Naples, FL
Document Number: 2015-29541
Type: Notice
Date: 2015-11-19
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Notice of Termination, 10472 Gold Canyon Bank, Gold Canyon, Arizona
Document Number: 2015-29526
Type: Notice
Date: 2015-11-19
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Agency Information Collection Activities: Submission for OMB Review; Joint Comment Request
Document Number: 2015-29410
Type: Notice
Date: 2015-11-18
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions, Federal Reserve System, Office of the Comptroller of the Currency, Department of Treasury, Department of the Treasury
In accordance with the requirements of the Paperwork Reduction Act (PRA) of 1995 (44 U.S.C. chapter 35), the OCC, the Board, and the FDIC (collectively, the agencies) may not conduct or sponsor, and the respondent is not required to respond to, an information collection unless it displays a currently valid OMB control number. On July 29, 2015, the agencies, under the auspices of the Federal Financial Institutions Examination Council (FFIEC), published a notice in the Federal Register (80 FR 45274) and requested public comment for 60 days on a proposal to extend, with revision, the Foreign Branch Report of Condition (FFIEC 030 and FFIEC 030S), which is a currently approved information collection for each agency. The comment period for this notice expired on September 28, 2015. The agencies did not receive any comments addressing the proposed changes and are now submitting a request to OMB for review and approval of the extension, with revision, of the FFIEC 030 and FFIEC 030S.
Agency Information Collection; Submission for OMB Review; Joint Comment Request; Joint Standards for Assessing the Diversity Policies and Practices of Entities Regulated by the Agencies
Document Number: 2015-28369
Type: Notice
Date: 2015-11-06
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions, Federal Reserve System, Securities and Exchange Commission, Department of the Treasury, Bureau of Consumer Financial Protection
The OCC, FDIC, CFPB, and SEC (each, an Agency and collectively, the Agencies) have submitted to OMB a request for approval under the PRA of the collection of information discussed below. The Board (also an Agency and included in Agencies) reviewed the joint notice under the authority delegated to the Board by OMB. An agency may not conduct or sponsor, and a respondent is not required to respond to, an information collection unless it displays a currently valid OMB control number.
Assessments
Document Number: 2015-27287
Type: Proposed Rule
Date: 2015-11-06
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Pursuant to the requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) and its authority under section 7 of the Federal Deposit Insurance Act (FDI Act), the FDIC proposes to impose a surcharge on the quarterly assessments of insured depository institutions with total consolidated assets of $10 billion or more. The surcharges would begin the calendar quarter after the reserve ratio of the Deposit Insurance Fund (DIF or fund) first reaches or exceeds 1.15 percentthe same time that lower regular deposit insurance assessment (regular assessment) rates take effect and would continue through the quarter that the reserve ratio first reaches or exceeds 1.35 percent. The surcharge would equal an annual rate of 4.5 basis points applied to the institution's assessment base (with certain adjustments). The FDIC expects that these surcharges will commence in 2016 and that they should be sufficient to raise the reserve ratio to 1.35 percent in approximately eight quarters, i.e., before the end of 2018. If, contrary to the FDIC's expectations, the reserve ratio does not reach 1.35 percent by December 31, 2018 (provided it is at least 1.15 percent), the FDIC would impose a shortfall assessment on insured depository institutions with total consolidated assets of $10 billion or more on March 31, 2019. Since the Dodd-Frank Act requires that the FDIC offset the effect of the increase in the reserve ratio from 1.15 percent to 1.35 percent on insured depository institutions with total consolidated assets of less than $10 billion, the FDIC would provide assessment credits to insured depository institutions with total consolidated assets of less than $10 billion for the portion of their regular assessments that contributed to growth in the reserve ratio between 1.15 percent and 1.35 percent. The FDIC would apply the credits each quarter that the reserve ratio is at least 1.40 percent to offset part of the assessments of each institution with credits.
Notice of Termination; 10414 Polk County Bank, Johnston, IA
Document Number: 2015-28243
Type: Notice
Date: 2015-11-05
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Notice of Termination; 10112 First Bank of Kansas City, Kansas City, Missouri
Document Number: 2015-28242
Type: Notice
Date: 2015-11-05
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Notice of Termination, 10461 First East Side Savings Bank, Tamarac, Florida
Document Number: 2015-27851
Type: Notice
Date: 2015-11-02
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Notice of Termination, 10466 Hometown Community Bank, Braselton, Georgia
Document Number: 2015-27850
Type: Notice
Date: 2015-11-02
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Agency Information Collection Activities: Submission for OMB Review; Comment Request (3064-0072, -0093, -0095, -0117, -0145, -0152 & -0161)
Document Number: 2015-27836
Type: Notice
Date: 2015-11-02
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
The FDIC, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on the renewal of existing information collections, as required by the Paperwork Reduction Act of 1995. The FDIC recently requested comment for 60 days on proposals to renew the information collections described below. Only one comment was received, as explained below. The FDIC hereby gives notice of its plan to submit to OMB a request to approve the renewal of these information collections, and again invites comment on these renewals.
Notice of Termination, 10406, Community Capital Bank, Jonesboro, Georgia
Document Number: 2015-27682
Type: Notice
Date: 2015-10-30
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Notice of Termination, 10089, Security Bank of North Fulton, Alpharetta, Georgia
Document Number: 2015-27681
Type: Notice
Date: 2015-10-30
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Privacy Act of 1974, as Amended; System of Records
Document Number: 2015-27288
Type: Notice
Date: 2015-10-30
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Pursuant to the provisions of the Privacy Act of 1974, as amended, 5 U.S.C. 552a(e)(4) and OMB Circular A-130, the Federal Deposit Insurance Corporation (``FDIC'') is republishing in full a notice of the existence and character of each FDIC system of records. FDIC is making minor editorial and stylistic revisions to make the notices clearer, more accurate, and up-to-date.
Temporary Liquidity Guarantee Program; Unlimited Deposit Insurance Coverage for Noninterest-Bearing Transaction Accounts
Document Number: 2015-27294
Type: Rule
Date: 2015-10-28
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
The FDIC is rescinding and removing its regulations implementing the Temporary Liquidity Guarantee Program (TLGP) and the unlimited deposit insurance coverage for ``noninterest-bearing transaction accounts'' provided by section 343 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and related definitions. Because these programs have expired by their terms, the regulations implementing them are unnecessary and obsolete.
Removal of Transferred OTS Regulations Regarding Safety and Soundness Guidelines and Compliance Procedures; Rules on Safety and Soundness
Document Number: 2015-27293
Type: Rule
Date: 2015-10-28
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
The Federal Deposit Insurance Corporation (``FDIC'') is adopting a final rule (``Final Rule'') to rescind and remove from the Code of Federal Regulations 12 CFR part 391, subpart B (``part 391, subpart B''), entitled ``Safety and Soundness Guidelines and Compliance Procedures,'' appendices A and B to part 391, subpart B, and supplement A to appendix B. The Final Rule also amends 12 CFR part 308, subpart R (``part 308, subpart R''), entitled ``Submission and Review of Safety and Soundness Compliance Plans and Issuance of Orders to Correct Safety and Soundness Deficiencies,'' and 12 CFR part 364 (``part 364''), entitled ``Standards for Safety and Soundness'' and its corresponding appendices and supplement. Part 391, subpart B was one of several rules transferred to the FDIC following dissolution of the former Office of Thrift Supervision (``OTS'') in connection with the implementation of applicable provisions of Title III of the Dodd-Frank Wall Street Reform and Consumer Protection Act (``Dodd-Frank Act''). Section 316(b)(3) of the Dodd-Frank Act provided that the former OTS rules that were transferred to the FDIC would be enforceable by or against the FDIC until they were modified, terminated, set aside, or superseded in accordance with applicable law by the FDIC, by any court of competent jurisdiction, or by operation of law. On January 30, 2015, the FDIC published in the Federal Register a notice of proposed rulemaking (``NPR'' or ``Proposed Rule'') that explained and solicited public comment on a proposal to rescind and remove part 391, subpart B and to amend part 364, its appendices, and its supplement and part 308, subpart R by making them applicable to ``State savings associations'' and making minor technical updates to the appendices and supplement to part 364. The FDIC received no comments on the Proposed Rule and consequently is adopting the Final Rule as proposed in the NPR without change.
Removal of Transferred OTS Regulations Regarding Fair Credit Reporting and Amendments; Amendment to the “Creditor” Definition in Identity Theft Red Flags Rule; Removal of FDIC Regulations Regarding Fair Credit Reporting Transferred to the Consumer Financial Protection Bureau
Document Number: 2015-27291
Type: Rule
Date: 2015-10-28
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
The Federal Deposit Insurance Corporation (FDIC) is adopting a final rule (Final Rule) to make several amendments to its regulations covering ``Fair Credit Reporting.'' The amendments conform FDIC Fair Credit Reporting regulations to the Dodd-Frank Act by consolidating the regulations for all institutions for which the FDIC is the appropriate Federal banking agency into a single part. The amendments also address the role of the Consumer Financial Protection Bureau in promulgating rules relating to Fair Credit Reporting.