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Proposals for Comment
The Dodd-Frank Wall Street Reform and Consumer Protection Act requires the Federal Reserve Board of Governors to create rules in a variety of areas of financial regulation. The Fed, along with other government agencies, provides public notice about rulemaking proposals and accepts comments on the proposals.
 Members of the public interested in making their views known on these matters are invited to submit and/or review others' comments via the links below. |
Full Listing of Reform Proposals
August 15, 2012
- Appraisals for Higher-Risk Mortgage Loans [R-1443]
Interagency proposal to establish new appraisal requirements for "higher-risk mortgage loans." For mortgages with an annual percentage rate that exceeds the average prime offer rate by a specified percentage, the proposed rule would require creditors to obtain an appraisal or appraisals meeting certain specified standards, provide applicants with a notification regarding the use of the appraisals, and give applicants a copy of the written appraisals used.Comments: Submit | View
June 7, 2012
- Regulatory Capital Rules: (1) Implementation of Basel III, Minimum Regulatory Capital Ratios, Capital Adequacy, & Transition Provisions; (2) Standardized Approach for Risk-weighted Assets; (3) Advanced Approaches Risked-based Capital Rule & Market Risk
Three proposed changes to the current regulatory capital rules that would establish an integrated regulatory capital framework that addresses shortcomings in regulatory capital requirements.
April 2, 2012
- Regulation Y - Definition of "Predominantly Engaged in Financial Activities" [R-1405]
Proposed amendment to the Board's Notice of Proposed Rulemaking (NPR) issued February 11, 2011, to establish requirements for determining whether a company is "predominantly engaged in financial activities."
December 20, 2011
- Regulation YY - Enhanced Prudential Standards and Early Remediation Requirement for Covered Companies [R-1438]
Request for comment on proposed rules that would implement the enhanced prudential standards required to be established under section 165 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act or Act) and the early remediation requirements established under section 166 of the Act. The enhanced standards include risk-based capital and leverage requirements, liquidity standards, requirements for overall risk management (including establishing a risk committee), single-counterparty credit limits, stress test requirements, and a debt-to-equity limit for companies that the Financial Stability Oversight Council has determined pose a grave threat to financial stability.
December 7, 2011
- Regulation H and Y - Risk-Based Capital Guidelines: Market Risk; Alternatives to Credit Ratings for Debt and Securitization Positions [R-1401]
Interagency proposal to modify the agencies' market risk capital rules, published in the Federal Register on January 11, 2011, to incorporate certain alternative methodologies for calculating specific risk capital requirements for debt and securitization positions that do not rely on credit ratings.
October 11, 2011
- Prohibitions and Restrictions on Proprietary Trading and Certain Interests In, and Relationships with, Hedge Funds and Private Equity Funds [R-1432]
Request for public comment on a proposed rule that would implement Section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank Act") which contains certain prohibitions and restrictions on the ability of a banking entity and nonbank financial company supervised by the Board to engage in proprietary trading and have certain interests in, or relationships with, a hedge fund or private equity fund.
August 31, 2011
- Regulation OO - Supervised Securities Holding Companies Registration [R-1430]
Request for comment on a proposed rule outlining the procedures for securities holding companies (SHCs) to elect to be supervised by the Federal Reserve. An SHC is a nonbank company that owns at least one registered broker or dealer.
August 22, 2011
- Agency Information Collection [ICP-201114]
Proposal to exempt a limited number of SLHCs from initial regulatory reporting using the Federal Reserve's existing regulatory reports and a two-year phase-in period for regulatory reporting for all other SLHCs. Exempt SLHCs would continue to submit Schedule HC, which is currently a part of the Thrift Financial Report, and the OTS H-(b)11 Annual/Current Report.
August 12, 2011
- Regulations LL and MM Savings and Loan Holding Companies [R-1429]
Proposed interim final rule setting forth regulations for savings and loan holding companies ("SLHCs"). This interim final rule provides for the corresponding transfer from the OTS to the Board of the regulations necessary for the Board to administer the statutes governing SLHCs.
July 28, 2011
- Retail Foreign Exchange Transactions (Regulation NN) [R-1428]
Request for comment on a rule to permit banking organizations under its supervision to engage in off-exchange transactions in foreign currency with retail customers. The proposed rule also describes various requirements with which banking organizations must comply to conduct such transactions.
June 20, 2011
- Regulation B: Equal Credit Opportunity [R-1426]
Proposed rule under Regulation B to clarify that motor vehicle dealers temporarily are not required to comply with certain data collection requirements in the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) until the Board issues final regulations to implement the statutory requirements.
May 12, 2011
- Regulation E; Electronic Fund Transfers [R-1419]
Request for comment on a proposed rule that would create new protections for consumers who send remittance transfers to recipients located in a foreign country, by providing consumers with disclosures and error resolution rights. The proposed amendments implement statutory requirements set forth in the Dodd-Frank Wall Street Reform and Consumer Protection Act.
April 21, 2011
- Studies Regarding the Resolution of Financial Companies Under the Bankruptcy Code [OP-1418]
Request for public information and comment to conduct two studies regarding the resolution of financial companies under Chapter 7 or Chapter 11 of the United States Bankruptcy Code, and conduct a study regarding international coordination relating to the resolution of systemic financial companies under the Bankruptcy Code and applicable foreign law.
April 19, 2011
- Regulation Z; Truth in Lending [R-1417]
Proposal under Regulation Z that would require creditors to determine a consumer's ability to repay a mortgage before making the loan and would establish minimum mortgage underwriting standards. The proposal also implements the Act's limits on prepayment penalties.
April 15, 2011
- Notice of Intent to Apply Certain Supervisory Guidance to Savings and Loan Holding Companies [OP-1416]
Request for comment on a notice that outlines how it intends to apply certain parts of its current consolidated supervisory program for bank holding companies to savings and loan holding companies (SLHCs) after assuming supervisory responsibility for SLHCs in July 2011. The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 transfers supervisory functions related to SLHCs and their non-depository subsidiaries to the Board on July 21, 2011.
April 12, 2011
- Margin and Capital Requirements for Covered Swap Entities [R-1415]
Agencies are requesting comment on a proposed 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 as required by the Dodd-Frank Wall Street Reform and Consumer Protection Act.
April 6, 2011
- Regulation D, Q, and DD - Prohibition Against Payment of Interest on Demand Deposits [R-1413]
Proposed amendments that would repeal Regulation Q, Prohibition Against Payment of Interest on Demand Deposits, effective July 21, 2011. The proposed amendments would also repeal the Board's published interpretation of Regulation Q, and remove references to Regulation Q found in the Board's other regulations, including Section 204.10 of Regulation D (Reserve Requirements of Depository Institutions) and paragraph (n) of Supplement I to Regulation DD (Truth in Savings).Comments: View
March 30, 2011
- Incentive-Based Compensation Arrangements [R-1410]
Proposal to require the reporting of incentive-based compensation arrangements by a covered financial institution. Proposal would also prohibit incentive-based compensation arrangements at a covered financial institution when such compensation is excessive, could expose the institution to inappropriate risks, or potentially lead to material financial loss.
- Regulation HH - Risk Management Standards Regarding Certain Financial Market Utilities [R-1412]
Proposal to promulgate risk-management standards governing the operations related to the payment, clearing, and settlement activities of certain financial market utilities that are designated as systemically important by the Financial Stability Oversight Council.
March 29, 2011
- Credit Risk Retention [R-1411]
Interagency proposed rule that requires sponsors of asset-backed securities (ABS) to retain at least 5 percent of the credit risk of the assets underlying the securities.
March 1, 2011
- Regulation B - Equal Credit Opportunity [R-1408] and Regulation V - Fair Credit Reporting Risk-Based Pricing Regulations [R-1407]
Proposal to amend certain model notices in Regulation B to include the disclosure of credit scores and information relating to credit scores if a credit score is used in taking adverse action.
Regulation B Comments: Submit | ViewJoint proposal to revise the content requirements for risk-based pricing notices and to add related model forms to reflect the new credit score disclosure requirements.
Regulation V Comments: View
February 23, 2011
- Regulation Z - (Truth in Lending Act) Dodd-Frank Wall Street Reform and Consumer Protection Act [R-1406]
Proposal to implement statutory changes made by the Dodd-Frank Act that lengthen the time for which a mandatory escrow account established for a higher-priced mortgage loan must be maintained. In addition, the proposal would implement the Act's disclosure requirements regarding escrow accounts. The proposal also would exempt certain loans from the statute's escrow requirement. The primary exemption would apply to mortgage loans extended by creditors that operate predominantly in rural or underserved areas, originate a limited number of mortgage loans, and do not maintain escrow accounts for any mortgage loans they service.
February 8, 2011
- Regulation Y - Definitions of Predominantly Engaged In Financial Activities and Significant Nonbank Financial Company and Bank Holding Company [R-1405]
Notice of Proposed rulemaking and request for comment regarding proposed amendments to Regulation Y that (1) establish the criteria for determining whether a company is "predominantly engaged in financial activities" and (2) define the terms "significant nonbank financial company" and "significant bank holding company" for purposes of Title I of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (the "Dodd-Frank Act" or "Act").
February 3, 2011
- Agency Information Collection
Notice of its intention to require savings and loan holding companies (SLHCs) to submit the same reports as bank holding companies (BHCs), beginning with the March 31, 2012, reporting period. (1) Annual Report of Bank Holding Companies [FR Y-6], (2) Annual Report of Foreign Banking Organizations [FR Y-7], (3) Financial Statements for Bank Holding Companies, [FR Y-9C, FR Y-9LP, FR Y-9SP, FR Y-9ES, and FR Y-9CS], (4) Report of Changes in Organizational Structure [FR Y-10], (5) Financial Statements for Nonbank Subsidiaries of U.S. Bank Holding Companies [FR Y-11 and FR Y-11S], (6) Financial Statements of Foreign Subsidiaries of U.S. Banking Organizations [FR- 2314 and FR-2314S], (7) Bank Holding Company Report of Insured Depository Institutions' Section 23A Transactions with Affiliates [FR Y-8], and (8) Consolidated Bank Holding Company Report of Equity Investments in Nonfinancial Companies, and the Annual Report of Merchant Banking Investments Held for an Extended Period [FR Y-12 and FR Y-12A].Comments: View
December 16, 2010
- Regulation II - Debit Card Interchange Fees and Routing [R-1404]
The Board is requesting comment on two alternative interchange fee standards that would apply to all covered issuers: one based on each issuer's costs, with a safe harbor (initially set at 7 cents per transaction) and a cap (initially set at 12 cents per transaction); and the other a stand-alone cap (initially set at 12 cents per transaction). Under both alternatives, circumvention or evasion of the interchange fee limitations would be prohibited. The Board also is requesting comment on possible frameworks for an adjustment to the interchange fees to reflect certain issuer costs associated with fraud prevention.
Letter to the Chairman and Ranking Member of the Senate Committee on Banking, Housing, and Urban Affairs from Chairman Bernanke regarding Debit Interchange Final Rule Status (March 29, 2011) (101 KB PDF)
An identical letter was sent to the Chairman and Ranking Member of the House Committee on Financial Services.
December 15, 2010
- Regulation H and Y [R-1402]
Joint Notice of Proposed Rulemaking that would amend the advanced approaches capital adequacy framework known as Basel II to be consistent with certain provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Regulation H and Y [R-1402] Submit | View
December 13, 2010
- Regulation M - Consumer Leasing Act [R-1400] and Regulation Z - Truth in Lending Act [R-1399]
Proposed amendments to the Consumer Leasing Act (CLA) by increasing the threshold for exempt consumer leases from $25,000 to $50,000. In addition, the Dodd-Frank Act provides that, on or after December 31, 2011, this threshold must be adjusted annually by any annual percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers. Accordingly, the Board is proposing to make corresponding amendments to Regulation M, which implements the CLA, and to the accompanying staff commentary.
Regulation M Comments: Submit | View
Proposed amendments to the Truth in Lending Act (TILA) by increasing the threshold for exempt consumer credit transactions from $25,000 to $50,000. In addition, the Dodd-Frank Act provides that, on or after December 31, 2011, this threshold must be adjusted annually by any annual percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers. Accordingly, the Board is proposing to make corresponding amendments to Regulation Z, which implements TILA, and to the accompanying staff commentary.
Regulation Z Comments: Submit | View
November 17, 2010
- Regulation Y - Conformance Period for Entities Engaged in Prohibited Proprietary Trading or Private Equity Fund or Hedge Fund Activities [R-1397]
Request for public comment on a proposed rule that would implement the conformance period during which banking entities and nonbank financial companies supervised by the Board must bring their activities and investments into compliance with the prohibitions and restrictions on proprietary trading and relationships with hedge funds and private equity funds imposed by section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank Act"). Section 619 is commonly referred to as the "Volcker Rule."Comments: View
October 18, 2010
- Regulation Z - Truth In Lending Act [R-1394]
Request for comment on all aspects of the interim final rule to ensure that real estate appraisers are free to use their independent professional judgement in assigning home values without influence or pressure from those with interests in the transactions. The rule also seeks to ensure that appraisers receive customary and reasonable payments for their services. The interim final rule is required by the Dodd-Frank Wall Street Reform and Consumer Protection Act.
September 22, 2010
- Agency Information Collection
Proposal to revise the Consolidated Reports of Condition and Income (Call Report) for banks, the Thrift Financial Report (TFR) for savings associations, the Report of Assets and Liabilities of U.S. Branches and Agencies of Foreign Banks (FFIEC 002), and the Report of Assets and Liabilities of a Non-U.S.Branch that is Managed or Controlled by a U.S. Branch or Agency of a Foreign (Non-U.S.) Bank (FFIEC 002S), all of which are currently approved collections of information.Comments: View
August 16, 2010
- Regulation Z - Truth in Lending [R-1392]
The Board is publishing for comment a proposed rule to amend Regulation Z, which implements the Truth in Lending Act (TILA). The proposed rule would implement Section 1461 of the recently enacted Dodd-Frank Wall Street Reform and Consumer Protection Act. Section 1461 amends TILA to provide a separate, higher threshold for determining coverage of the Board's escrow requirement applicable to higher-priced mortgage loans, for loans that exceed the maximum principal balance eligible for sale to Freddie Mac.
- Regulation Z - Truth in Lending [R-1390]
The Board proposes to amend Regulation Z, which implements the Truth in Lending Act (TILA), and the staff commentary to the regulation, as part of a comprehensive review of TILA's rules for home-secured credit. This proposal would revise the rules for the consumer's right to rescind certain open-end and closed-end loans secured by the consumer's principal dwelling.
Comments: View
August 10, 2010
- Regulation H and Y - Credit Rating Alternatives [R-1391]
Interagency Advance Notice of Proposed Rulemaking regarding Alternatives to the Use of Credit Ratings in the Risk-Based Capital Guidelines of the Federal Banking Agencies.
Last update:
August 16, 2012
