* Restrictions on Sale of Assets of a Failed
Institution by the Federal Deposit Insurance Corporation. The
Federal Deposit Insurance Corporation (FDIC) has revised its rule
concerning restrictions on the sale of assets of a failed institution
under the Federal Deposit Insurance Act in order to clarify the
purpose, scope and applicability of that rule and to make that rule
more consistent with the FDIC's rule concerning restrictions on the
sale of assets of a covered financial company under the Dodd-Frank Wall
Street Reform and Consumer Protection Act. 80 Fed. Reg. 22886.
See pages 2679–2682.
* Removal of Transferred OTS Regulations
Regarding Disclosure and Reporting of CRA-Related Agreements and
Amendments to 12 CFR Part 346 of FDIC's Rules and Regulations.
The Federal Deposit Insurance Corporation (``FDIC'') published
a final rule in the Federal Register on July 21, 2014 (79 FR 42183),
regarding Transferred OTS Regulations Regarding Disclosure and
Reporting of CRA-Related Agreements. This publication corrects a
typographical error which caused the unintended deletion of §§ 346.2
through 346.10. 80 Fed. Reg. 23692.
See pages 2835–2836.
* Truth in Lending (Regulation Z). The
Bureau of Consumer Financial Protection (Bureau) is amending Regulation
Z, which implements the Truth in Lending Act, and the official
interpretation to that regulation, to temporarily suspend card
issuers' obligations to submit credit card agreements to the Bureau
for a period of one year (i.e., four quarterly submissions), in order
to reduce burden while the Bureau works to develop a more streamlined
and automated electronic submission system. Other requirements,
including card issuers' obligations to post currently-offered
agreements on their own Web sites, remain unaffected. 80 Fed. Reg.
See pages 7051–7052, 7465–7466.
* Bank Holding Companies and Change in Bank
Control (FRB's Regulation Y). The Board is adopting final
amendments (Final Rule) to the Small Bank Holding Company Policy
Statement (Regulation Y, Appendix C) (Policy Statement) that: raise
from $500 million to $1 billion the asset threshold to qualify for the
Policy Statement; and expand the scope of companies eligible under the
Policy Statement to include savings and loan holding companies. The
Board is also adopting final conforming revisions to Regulation Y and
Regulation LL, the Board's regulations governing the operations and
activities of bank holding companies and savings and loan companies,
respectively, and Regulation Q, the Board's regulatory capital rules.
80 Fed. Reg. 20153.