LMI

New York DFS Issues Guidance on Climate Change Risks for Financial Institutions

By Loran Kilson on February 28, 2024

Posted in Climate change, NYDFS, State regulation

On December 21, 2023, the New York Department of Financial Services (“DFS”) published guidance (the Guidance) to assist regulated institutions in assessing and managing their climate-related financial and operational risks.

This is a follow up to DFS’s previous letter published in October 2020, which highlighted the impact of risks from climate change on its regulated institutions.… Continue Reading

Banking and Non-Banking Industries Voice Concern Over Basel III Endgame Proposal’s Potentially Significant Negative Impact on Consumers

By Scott A. Coleman & Sarah B. Dannecker on January 23, 2024

Posted in Consumer Bankers Association, FDIC, Federal Reserve Board, OCC

On September 18, 2023, the Federal Reserve, Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency jointly published and sought comments on a proposal to implement new, standardized capital requirements that would, among other things, increase capital requirements for banks with $100 billion or more in total assets.… Continue Reading

House Financial Services Subcommittee on Oversight and Investigations to hold Sept. 4 hearing on financial inclusion

By Alan S. Kaplinsky on September 3, 2019

Posted in Regulatory and Enforcement

The Subcommittee on Oversight and Investigations of the House Committee on Financial Services has scheduled a hearing in Houston, Texas for tomorrow entitled “Examining Discrimination and Other Barriers to Consumer Credit, Homeownership, and Financial Inclusion in Texas.” The memo from the Committee’s Majority Staff to Committee Members states that the hearing “will examine access to affordable housing, credit, and banking services in low and moderate-income (“LMI”) neighborhoods.”… Continue Reading