Search Results for keywords:"Federal Financial Institutions Examination Council"

Found 15 results

Search Results: keywords:"Federal Financial Institutions Examination Council"

💰 Only
Oldest Newest
  • 2021-04073 — Appraisal Subcommittee; Notice of meeting
    Type:Notice
    Citation:86 FR 12001
    Reading Time:about a minute or two

    The Appraisal Subcommittee (ASC) of the Federal Financial Institutions Examination Council has announced a public meeting scheduled for March 10, 2021, at 10 a.m. Eastern Time. Due to COVID-19, the meeting will be held online via a live webcast, and interested individuals must register in advance through the ASC website to attend. The meeting will include reports from the Chairman, Executive Director, Grants Director, and Financial Manager, as well as discussions on various agenda items like the approval of past meeting minutes and the 2020 ASC Annual Report. Recording or photographing the meeting is prohibited.

    Simple Explanation

    The Appraisal Subcommittee is having an online meeting on March 10th to talk about important things they did last year, but they don't tell us all the details about what they'll talk about, and you can't take pictures or videos of their meeting.

  • 2024-28909 — Appraisal Subcommittee; Notice of Meeting
    Type:Notice
    Citation:89 FR 99261
    Reading Time:less than a minute

    The Appraisal Subcommittee of the Federal Financial Institutions Examination Council held a special closed meeting on November 13, 2024. The meeting took place virtually via Teams at 11:54 a.m. ET. The sole discussion item was a personnel matter, and no decisions were made during this meeting. The notification of the meeting is in line with the Financial Institutions Reform, Recovery, and Enforcement Act of 1989.

    Simple Explanation

    The Appraisal Subcommittee had a secret online meeting to talk about something related to their workers, but they didn't decide anything. They didn't say exactly what it was about, and they didn't explain why the meeting was private.

  • 2024-27698 — Appraisal Subcommittee Enforcement Authority Regarding the Effectiveness of State Appraiser and Appraisal Management Company Regulatory Programs
    💰
    Type:Proposed Rule
    Citation:89 FR 96912
    Reading Time:about 2 hours

    The Appraisal Subcommittee (ASC) of the Federal Financial Institutions Examination Council has proposed a rule to guide its enforcement powers over the effectiveness of Appraiser and Appraisal Management Company (AMC) Programs managed by State Appraiser Regulatory Agencies. This proposed rule aims to formalize the current compliance review process with some modifications, requiring evaluation of program effectiveness and setting requirements for maintaining effective programs. It also authorizes the ASC to take enforcement actions, such as issuing warnings or suspending programs that do not meet effectiveness standards. Public comments on this proposal are invited by February 4, 2025.

    Simple Explanation

    The Appraisal Subcommittee wants to make sure that people who judge house prices are doing a good job, and if they aren't, the Subcommittee can remind them or stop them until they fix the problems.

  • 2025-02538 — Appraisal Subcommittee; Notice of Meeting
    Type:Notice
    Citation:90 FR 9431
    Reading Time:less than a minute

    The Appraisal Subcommittee of the Federal Financial Institutions Examination Council announced a special closed meeting that took place virtually on February 5, 2025. During the meeting, they discussed State Compliance Reviews and a personnel matter, but no actions were taken. This meeting was held pursuant to section 1104(b) of Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989.

    Simple Explanation

    The Appraisal Subcommittee had a private online meeting to talk about checking if states are following the rules and to discuss something about one of their workers, but they didn't make any big decisions or changes.

  • 2021-03210 — Agency Information Collection Activities; Submission for OMB Review; Comment Request
    💰
    Type:Notice
    Citation:86 FR 10157
    Reading Time:about 15 minutes

    The Office of the Comptroller of the Currency, the Federal Reserve System, and the Federal Deposit Insurance Corporation are seeking public comments on proposed updates to the Consolidated Reports of Condition and Income, also known as Call Reports. These updates, intended to remain effective through 2021, address changes in asset measurement dates due to temporary asset growth linked to relief programs from the COVID-19 pandemic. The modifications aim to help financial institutions manage reporting burdens by allowing them to use asset figures from either December 2019 or June 2020 for determining their reporting requirements for the upcoming year. The agencies are inviting feedback about the utility, accuracy, and potential burden of these changes as they move forward with the proposal.

    Simple Explanation

    The government wants to hear from people about new rules for banks to report the money they have. These rules let banks choose older numbers to make reporting easier during the pandemic, and the government wants to know if people think this plan is helpful or too complicated.

Previous