Altaba Ramps Up Buybacks With Stock Below NAV

Standard

The bullish move comes as management likely mulls tax-friendly deals to monetize its Alibaba and Yahoo Japan holdings
http://bit.ly/2zUoQLd

Advertisements

Agencies Amend CRA Regulations to Conform to HMDA Regulation Changes and Remove References to the Neighborhood Stabilization Program

Standard

Joint Release

November 20, 2017

Press Release


Board of Governors of the Federal Reserve System
Federal Deposit Insurance Corporation
Office of the Comptroller of the Currency


Agencies Amend CRA Regulations to Conform to HMDA Regulation Changes and Remove References to the Neighborhood Stabilization Program

WASHINGTON — The federal bank regulatory agencies have amended their respective Community Reinvestment Act (CRA) regulations primarily to conform to changes made by the Consumer Financial Protection Bureau (CFPB) to Regulation C, which implements the Home Mortgage Disclosure Act (HMDA).

Since 1995, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency have conformed certain definitions in their respective CRA regulations to the scope of loans reported under Regulation C and believe that continuing to do so produces a less burdensome CRA performance evaluation process. In particular, the agencies have amended their CRA regulations to revise the definitions of “home mortgage loan” and “consumer loan,” as well as the public file content requirements. These revisions maintain consistency between the CRA regulations and amendments to Regulation C, which generally become effective on January 1, 2018.

In addition, the final rule contains technical corrections and removes obsolete references to the Neighborhood Stabilization Program.

The amendments to the CRA regulations also will become effective on January 1, 2018.

CRA Regulations


Media Contacts:

Federal Reserve Board    Susan Stawick         202-452-2955
FDIC                                Greg Hernandez       202-898-6984
OCC                                 William Grassano     202-649-6870

FDIC: PR-86-2017

The FDIC does not send unsolicited e-mail. If this publication has reached you in error, or if you no longer wish to receive this service, please unsubscribe.