Federal banking regulators are planning to issue a risk-based capital proposal Oct. 6 that updates the current Basel I capital standard and makes it more risk-sensitive.The RBC proposal, known as Basel Ia, would apply to most U.S. banks, except for the very largest U.S. banks that are supposed to adopt a more sophisticated RBC standard known as Basel II. Federal regulators also announced that they have extended the timetable for testing and implementing Basel II by one year to January 2008. And they have delayed issuing the Basel II notice of proposed rulemaking until the first quarter of 2006. The Federal Deposit Insurance Corp. and the Federal Reserve Board have scheduled open board meetings to discuss the Basel Ia proposal on Oct. 6. "The revised transition schedule for the domestic implementation of the Basel II framework will permit industry consideration of and public comment on these two rulemaking initiatives along similar timeframes," the regulators said.
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House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
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A labor shortage is costing the market tens of thousands of new homes per year, and tariff uncertainty is adding thousands of dollars in expenses per unit.
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The pace of revenue growth slowed toward the end of 2024, with the trend continuing into the first three months of this year, NAHB reported.
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Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
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The 10 basis point decline in the 30-year fixed mortgage was the most since March and the first time rates are below 6.7% since April, Freddie Mac said.
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The firm, now going by Fairway Home Mortgage, said the change is a representation of plans to create a "connected ecosystem."
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