Search Results for keywords:"CPI-W"

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Search Results: keywords:"CPI-W"

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  • 2024-30849 — Community Reinvestment Act Regulations Asset-Size Thresholds
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    Type:Notice
    Citation:89 FR 106480
    Reading Time:about 5 minutes

    The Federal Reserve System and the Federal Deposit Insurance Corporation have announced new asset-size thresholds for categorizing banks under the Community Reinvestment Act for 2025. Starting January 1, 2025, a "small bank" is defined as one with assets less than $1.609 billion, while an "intermediate small bank" is one with assets between $402 million and $1.609 billion, based on the inflation-adjusted increase of 2.91% in the Consumer Price Index. These changes will remain in effect through December 31, 2025.

    Simple Explanation

    The Community Reinvestment rules tell banks how big or small they are supposed to be based on their money size. Starting in 2025, a "small bank" has less than $1.609 billion, and an "intermediate small bank" has between $402 million and $1.609 billion.

  • 2024-30652 — Home Mortgage Disclosure (Regulation C) Adjustment to Asset-Size Exemption Threshold
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    Type:Rule
    Citation:89 FR 105429
    Reading Time:about 10 minutes

    The Consumer Financial Protection Bureau (CFPB) has updated the asset-size exemption threshold for banks, savings associations, and credit unions under the Home Mortgage Disclosure Act (HMDA) to $58 million for 2025, based on an average 2.9% increase in the Consumer Price Index. This change means that institutions with assets of $58 million or less as of December 31, 2024, will not have to collect certain data in 2025. The amendment, which eliminates the need for public comment due to its technical and non-discretionary nature, will take effect on January 1, 2025.

    Simple Explanation

    The CFPB updated a rule to help small banks by raising a money limit, so banks with less than $58 million don't need to gather certain information next year. This change happened because prices have gone up, like when you need more allowance because toys cost more.