Principal and National Leader, Regulatory Insights, KPMG US
Washington Report 360 | August 23, 2019
Final rules amending the Volcker Rule; Proposed amendments under the FHA Arct; Proposed delay of an effective date under CECL.
Final rules amending the Volcker Rule were approved by multiple agencies. Key changes include the tailoring of compliance requirements, modifications to the short-term intent prong, and amendments to the trading account definition.
HUD proposed amendments to the disparate impact standard under the FHA Act, shifting the burden of proof to the plaintiff (consumers).
FASB proposed to delay the effective date of CECL for private organizations and certain public companies and organizations.