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FHFA | RIN: 2590-AA40 | Publication ID: Fall 2013 |
Title: Removal of References to Credit Ratings in Certain Regulations Governing the Federal Home Loan Banks | |
Abstract: The final rule would change certain regulations applicable to the Federal Home Loan Banks to remove references to, or requirements based on, credit ratings issued by nationally recognized statistical rating organizations (NRSROs). The rulemaking would also adopt new credit worthiness standards, not based on NRSRO ratings, to replace these references or requirements. The action is being undertaken in response to requirements in section 939A of the Dodd-Frank Wall Street Reform and Consumer Protection Act. | |
Agency: Federal Housing Finance Agency(FHFA) | Priority: Substantive, Nonsignificant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Final Rule Stage |
Major: No | Unfunded Mandates: No |
CFR Citation: 12 CFR 932 12 CFR 955 and 956 12 CFR 966 12 CFR 1269 and 1273 12 CFR 1720 12 CFR 1750 | |
Legal Authority: 12 USC 4511(b) 12 USC 4526 |
Legal Deadline:
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Small Entities Affected: No | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Information URL: www.regulations.gov; www.fhfa.gov | Public Comment URL: www.regulations.gov; www.fhfa.gov |
RIN Data Printed in the FR: No | |
Agency Contact: Thomas E. Joseph Senior Attorney Advisor Federal Housing Finance Agency 400 Seventh Street SW., Washington, DC 20219 Phone:202 649-3076 TDD Phone:800 877-8339 Email: thomas.joseph@fhfa.gov |