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community regulation act
More than 10.000 documents for community regulation act
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Community bankers and your ICBA government-relations team face a busy congressional agenda this year following a dramatic shift in power. Key members of Congress have pledged to reform Fannie Mae and Freddie Mac. ICBA will work to ensure community bankers have full and fair access and that the Federal Home Loan Banks are protected. ICBA also will be pushing a new version of the Communities First Act (CFA). New CFA provisions deal with the Dodd-Frank Wall Street Reform and Consumer Protection Act; others help community bankers deal with excessive regulation, taxes and small-business lending. Congress could also start on a new farm bill, address credit and debit card issues, and respond to mortgage foreclosure matters. To help you anticipate the new agenda, ICBA's congressional affairs te...
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The Mother of All Bailouts has many fathers. As panicked politicians prepare to fork over $1 trillion in taxpayer funding to rescue the financial industry, they've fingered regulation, deregulation, Fannie Mae and Freddie Mac, the Community Reinvestment Act, Jimmy Carter, Bill Clinton, both Bushes, greedy banks, greedy borrowers, greedy short-sellers and minority home ownership mau-mauers (can't call 'em greedy, that would be racist) for blame.
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The Federal Housing Finance Agency (FHFA) is proposing to amend its community support regulation by requiring the Federal Home Loan Banks (Banks) to monitor and assess the eligibility of each Bank member for access to long-term advances through compliance with the regulation's Community Reinvestment Act of 1977 (CRA) and first-time homebuyer standards. The proposed rule would also replace the current practice in which members submit to FHFA biennial community support statements containing their most recent CRA evaluations. Instead, the Banks would verify a member's CRA rating from publicly-available information from the Federal Financial Institutions Examination Council (FFIEC) or the member's primary Federal banking regulatory agency. In addition, the Banks would be responsible for ove...
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It's pretty clearly a grassroots campaign up against a well funded incumbent," says Patrick Keaney, campaign manager for at-large City Councilor Felix Arroyo. "Your heart says you want the underdog to win, your head says it is tough. [[Gibran Rivera]] has to do everything right and [John Tobin] has to make a big mistake -- which I don't think he has. Another issue that the two candidates disagree on is that of rent regulation. Rivera supports the Community Stabilization Act, which would regulate annual rent increases. "This is not even rent control," he says. "It's not that you can't raise rents, you just have to justify it." Tobin, on the other hand, makes it clear that he has not and will not support the CSA, saying that even if it is passed by the city council, it would "never in a...
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After dealing with it for nearly 40 years, you would think bankers would understand by now how to navigate the Bank Secrecy Act, which requires them to report all suspicious transactions to the government as a way of clamping down on money laundering and other illicit activity. And yet according to results from the American Bankers Association's 2006 Community Bank Competitiveness Survey, 87% of respondents fingered BSA as the regulation giving them the most grief-more even than the Sarbanes-Oxley Act. Any community bank guessing that it's off the hook for closely monitoring its transaction volume under BSA given its small, mostly familiar customer base should guess again. In recent months federal banking regulators have cited a number of small institutions for BSA infractions. In May, ...
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This proposed rule would revise Medicaid regulations to define and describe State plan home and community-based services (HCBS) under the Social Security Act (the Act) as added by the Deficit Reduction Act of 2005 and amended by the Patient Protection and Affordable Care Act of 2010 (Affordable Care Act \1\). This proposed rule offers States new flexibility in providing necessary and appropriate services to elderly and disabled populations and reflects CMS' commitment to the general principles of the President's Executive Order released January 18, 2011, entitled ``Improving Regulation and Regulatory Review.'' In particular, this rule does not require the eligibility link between HCBS and institutional care that exists under the Medicaid HCBS waiver program. This regulation would descri...
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Enron's collapse focused attention on its application of its Code of Ethics to related-party transactions. That focus produced section 406 of the Sarbanes-Oxley Act of 2002, which attempts to regulate conflicts of interest between officers and their companies through codes of ethics that public companies adopt. Pursuant to SOX section 406(a), the Securities and Exchange Commission issued new regulations requiring each public company to disclose whether it has a code of ethics, and if a company has not adopted such a code, to explain why it has chosen not to do so. SEC rules also require each company that has a code to disclose any waiver of the code for certain officers whom the SEC rules identify, in a timely manner under Item 5.05 of Form 8-K. However, some companies have adopted a hy...
... not clearly revealed to the investment community. This proposal would still leave to each company t...
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The Independent Community Bankers of America is making a drive to reduce federal regulation of community banks by easing and clarifying BSAA reporting to the Bank Secrecy Act Administration. The group is seeking to get the Bank Secrecy Act Administration to issue additional guidelines and provide reference tools for compliance so bankers and examiners know what is expected on many fronts.
