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FHFA | RIN: 2590-AB10 | Publication ID: Fall 2020 |
Title: ●Prudential Management and Operations Standards | |
Abstract:
The proposed rule would amend and update FHFA’s existing Prudential Management and Operations Standards regulation (12 CFR Part 1236). The proposed rule would expand the scope of authorized prudential standards beyond those currently contained in the Appendix to the regulation, making clear that any guidance or regulation that identifies itself as a "prudential standard” will be treated as a prudential standard and will benefit from the enforcement regime that the Safety and Soundness Act creates for prudential standards (12 U.S.C. 4513b). The proposed rule would also clarify that prudential standards may be adopted as either guidelines or regulations, unlike the current regulation which identifies prudential standards as guidelines. Finally, the proposed rule would expand the list of specifically identified topics for which FHFA may adopt prudential standards. |
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Agency: Federal Housing Finance Agency(FHFA) | Priority: Other Significant |
RIN Status: First time published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: Undetermined | Unfunded Mandates: No |
EO 13771 Designation: Independent agency | |
CFR Citation: 12 CFR 1236 | |
Legal Authority: 12 U.S.C. 4511 12 U.S.C. 4513(a) 12 U.S.C. 4513(f) 12 U.S.C. 4513b 12 U.S.C. 4526 ... |
Legal Deadline:
None |
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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.fhfa.gov; www.regulations.gov | Public Comment URL: www.fhfa.gov |
RIN Data Printed in the FR: No | |
Agency Contact: Ellen Bailey Managing Associate General Counsel Federal Housing Finance Agency 400 Seventh Street SW, Washington, DC 20219 Phone:202 649-3056 Email: ellen.bailey@fhfa.gov Francisco Medina Assistant General Counsel Federal Housing Finance Agency 400 Seventh Street SW, Washington, DC 20219 Phone:202 649-3076 Email: francisco.medina@fhfa.gov |