Search Results for keywords:"Dodd-Frank Act"

The Securities and Exchange Commission (SEC) is seeking public comments on the renewal of information collection forms related to its whistleblower program, as per the Paperwork Reduction Act. The program, established under the Dodd-Frank Act, compensates whistleblowers who aid in enforcing securities law violations. Two forms are involved: Form TCR, which is used to report violations, taking about 1.5 hours to complete, and Form WB-APP, used to claim awards, requiring approximately 2 hours to fill out. Over the past years, the SEC has reported receiving an average of 560 TCR submissions and 215 WB-APP submissions annually, resulting in an estimated yearly reporting burden of 1,270 hours. Public feedback is encouraged within 30 days of this notice.

The Office of the Comptroller of the Currency (OCC), a part of the Treasury Department, has announced a request for public comments on a revised information collection about Appraisal Management Companies as required by the Paperwork Reduction Act of 1995. This collection involves recordkeeping requirements for managing appraisal companies, as directed by the Dodd-Frank Act. The deadline for submitting comments is January 21, 2025. The OCC has reduced the estimated annual paperwork burden from 2,455 hours in 2021 to 1,991 hours due to fewer respondents.

The Federal Deposit Insurance Corporation (FDIC) is proposing changes to its regulations concerning securities offerings by State savings associations and State nonmember banks. The FDIC plans to streamline regulations by removing outdated rules transferred from the Office of Thrift Supervision and creating a new unified regulation for securities disclosures. This new rule aims to simplify and align requirements with current securities laws, ensuring both State savings associations and State nonmember banks are subject to the same rules. The proposed rule also includes technical amendments and invites public comments on these changes until April 5, 2021.

The Securities and Exchange Commission (SEC) is giving notice of a public meeting of its Investor Advisory Committee, which will be held on March 11, 2021. This committee was created under the Dodd-Frank Act to advise on regulatory priorities and issues affecting investors. During the meeting, the committee will discuss a variety of topics including individual retirement accounts, special purpose acquisition companies, and minority inclusion in financial markets. The public can submit written comments ahead of the meeting and can view the proceedings online.

The Securities and Exchange Commission (SEC) is requesting an extension of the paperwork required for Rule 15Ga-2 and Form ABS-15G. These forms are used to gather information about asset-backed securities, particularly about repurchase requests. Form ABS-15G is essential for implementing disclosure requirements mandated by the Dodd-Frank Act. Public comments on this request can be submitted from December 12, 2024, to January 13, 2025.

The Office of the Comptroller of the Currency (OCC) is inviting comments on the proposed renewal of an information collection, as required by the Paperwork Reduction Act. This involves a revision of their annual stress test reporting template for financial institutions with assets of $250 billion or more, under the Dodd-Frank Act. The proposed updates aim to align with existing Federal Reserve reporting forms and exclude outdated or unnecessary components. Public comments are encouraged and can be submitted by various methods outlined in the notice until March 7, 2025.

The Securities and Exchange Commission (SEC) has requested an extension for the collection of information related to Form PF from the Office of Management and Budget, as required by the Paperwork Reduction Act. Form PF is used by private fund advisers with significant assets under management to report certain information to facilitate the monitoring of systemic risk in the private fund industry. The SEC divides these advisers into two groups: Large Private Fund Advisers and smaller private fund advisers, and estimates varying annual burden hours for each group based on their size and filing history. Public comments on the information collection can be submitted within 30 days of the notice's publication.

The Federal Deposit Insurance Corporation (FDIC) has implemented a final rule to remove outdated and duplicative regulations related to "Prompt Corrective Action" that were inherited from the Office of Thrift Supervision (OTS). The goal is to streamline regulations and ensure clarity by consolidating these rules into existing FDIC regulations. This change affects state savings associations, making it clear that all FDIC-supervised institutions will follow the same regulations. These adjustments are not expected to have substantial impacts on small entities, as the rules remain consistent with existing FDIC standards.

The Consumer Financial Protection Bureau (CFPB) has finalized changes to the regulation known as Regulation Z, which enforces the Truth in Lending Act (TILA). These updates adjust the dollar amounts tied to several loan thresholds, including those for high-cost mortgages, qualified mortgages, and credit card interest disclosures. The adjustments are based on the 3.4% increase in the Consumer Price Index (CPI) from April 2023 to April 2024 and will take effect on January 1, 2025. The changes ensure that the thresholds reflect current economic conditions, making it easier for consumers to understand loan costs and requirements.

The Commodity Futures Trading Commission (CFTC) is seeking public comments on the proposed renewal of information collection related to Swap Execution Facilities (SEFs). This collection is part of the regulatory requirements set by the Dodd-Frank Act to ensure SEFs comply with specific standards. The CFTC aims to revise its current estimates on the number of registered SEFs and invites feedback on various aspects of the information collection process, including its necessity and potential improvements. Comments can be submitted through various methods by March 22, 2021.