On March 20, 2023, the Consumer Financial Protection Bureau (CFPB) published the “Agency Contact Information” final rule in the Federal Register. More... The CFPB has identified four clerical errors in that final rule. These errors are found in the federal agency contact information that must be provided with Equal Credit Opportunity Act adverse action notices in appendix A to Regulation B, the Fair Credit Reporting Act Summary of Consumer Rights in appendix K to Regulation V, and a CFPB website address where the public may access certain annual percentage rate tables referenced in comment appendix J–2 to Regulation Z. The correction is effective September 25, 2023 (Consumer Financial Protection Bureau, Regulation B, Regulation V, and Regulation Z) and was published in the Federal Register on August 25, 2023.

In 2021, the CFPB amended Regulation Z to address the anticipated sunset of LIBOR (London interbank offered rate), which was expected to be discontinued for most U.S. dollar (USD) tenors in June 2023. More... The final rule became effective April 1, 2022, except for amendments to appendix H that become effective October 1, 2023 (Consumer Financial Protection Bureau, Regulation Z, Docket CFPB–2020–0014) and was published in the Federal Register on December 8, 2021.

The Board is inviting public comment on a notice of proposed rulemaking to amend the Board’s rule that identifies and establishes risk-based capital surcharges for global systemically important bank holding companies (G-SIBs). More... The proposal would also amend the Systemic Risk Report (FR Y-15), which is the source of inputs to the implementation of the G-SIB framework under the capital rule. The changes set forth in the proposal would improve the precision of the G-SIB surcharge and better measure systemic risk under the framework. For certain systemic indicators currently measured only as of a single date, the proposal would change to reporting of the average of daily or monthly values to reduce the effects of temporary changes to indicator values around measurement dates. To improve risk capture, the proposal would also make improvements to the measurement of some systemic indicators used in the G-SIB surcharge framework and the framework for determining prudential standards for large banking organizations. In addition, the proposal would reduce cliff effects and enhance the sensitivity of the surcharge to changes in the method 2 score by calculating surcharges based on narrower score band ranges. Finally, the proposal would make several amendments to the FR Y-15 to improve the consistency of data reporting and systemic indicator measurement. Comments on this notice of proposed rulemaking must be received by November 30, 2023 (Docket R–1814).