Expect New RBC Proposal January 15

NCUA Chair Debbie Matz plans to unveil a revised RBC proposal at the board’s January 15 open meeting.

OFAC Revised Guidance on Entities Owned by Blocked Persons

Treasury issues new guidance on property owned by “blocked persons”. Also in the Compliance Center: legal briefs and the question of the week.

Standard Flood Hazard Determination Form Revised

The Standard Flood Hazard Determination Form has been revised. The agency will be allowing users a three-year transition period ending May 30, 2015, so user systems can be changed before final adoption of the form is required.

HUD Announces Revised Disclosure Notice on Military Homeownership Rights

The Act mandates that a foreclosure proceeding against certain military personnel is not valid unless the creditor has obtained a court order approving it and further states that the courts may stop the proceedings for a time or adjust the debt.

Fed Approves Revised Swipe Fee Plan

After months of waiting and hard fought legislative and regulatory battles, yesterday the Fed revised plan moves from a flat 12 cent cap to a 21 cent fee with some add-ons.

Legal Briefs

Your update on the regulatory landscape.