Weekly Regulatory Deadlines | April 29 to May 05
Regulatory Notice 19-30 SEC Approves Amendments Relating to Transactions in US Treasury Securities Executed to Hedge a Primary Market Transaction Effective date: June 01, 2020
FINRA | Securities | Notices
Urgent Amendments to the EU Capital Requirements Regulation
The National Law Review 05/04/2020
On 28 April 2020, the European Commission (the “Commission”) proposed a new Regulation to make targeted amendments to the EU Capital Requirements Regulation (575/2013) (“CRR”) and the CRR II Regulation ((EU) 2019/876) (“CRR II”) in response to the COVID-19 pandemic...
Distressed job market pushes mortgage forbearance requests higher
National Mortgage News 05/04/2020
The total coronavirus-related mortgages in forbearance grew by 55 basis points between April 20 and 26, in lockstep with rising but slowed unemployment claims, according to the Mortgage Bankers Association...
Auto loan market divides; have banks set aside enough for bad loans?
American Banker 05/04/2020
Lenders are throwing money at buyers with stable jobs while making it harder for weak borrowers to get loans; $50 billion in loss provisions may not be enough and could stifle lending...
Fannie Mae Income Drops as More Homeowners Suspend Mortgage Payments
The Wall Street Journal 05/01/2020
Fannie Mae, the government-controlled mortgage finance giant, reported a steep drop in income as it set aside more money for expected loan losses, and it projected further trouble ahead as more Americans suspend payments on their home loans...
CFPB eases disclosure rules to help consumers affected by COVID-19
American Banker 04/29/2020
The bureau issued an interpretive rule clarifying that consumers under certain conditions can modify or waive waiting periods required by the Truth in Lending Act and Real Estate Settlement Procedures Act...