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FHFA RIN: 2590-AB10 Publication ID: Spring 2021 
Title: Prudential Management and Operations Standards 
Abstract:

The rule would amend and update the existing Prudential Management and Operations Standards regulation.  The rule would expand the scope of authorized prudential standards beyond those currently contained in the Appendix to the regulation, clarifying 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 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 rule may expand the list of specifically identified topics for which FHFA may adopt prudential standards.

 
Agency: Federal Housing Finance Agency(FHFA)  Priority: Other Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: Undetermined  Unfunded Mandates: No 
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
Timetable:
Action Date FR Cite
NPRM  12/00/2021 
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
TDD Phone:800 877-8339
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
TDD Phone:800 877-8339
Email: francisco.medina@fhfa.gov