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FDIC adopts community bank leverage ratio rule
The FDIC has adopted a rule that will make it simpler for smaller, simpler banks to satisfy capital adequacy requirements. It also advanced the availability of a simplified regulatory capital...
OCC reminds banks of new registration requirements for appraisal management companies
Banks using third-party AMCs need to conduct "due diligence" to confirm that an AMC is properly registered.
FHFA revises multifamily loan purchase caps for Fannie Mae and Freddie Mac
FHFA has issued a revised cap structure for Fannie Mae and Freddie Mac multi-family loans purchases; new purchase caps with be $100 for each GSE.
Bowman confirmed as Fed Governor for full term
The Senate confirmed its current Community Bank Representative, Michelle Bowman, to serve for a full, 14-year term.
Reference in UCC filing to security agreement sufficiently described collateral
Reversing a bankruptcy court’s holding, the Seventh Circuit concluded that a financing statement need not contain a description of the collateral within the four corners of the filing.