Federal banking agencies finalize extension of certain capital rule transitions

Board of Governors of the Federal Reserve System and Federal Deposit Insurance Corporation press release -------- The federal banking agencies on Tuesday finalized a rule for certain banking organizations by extending the existing capital requirements for mortgage servicing assets and certain other items. The rule is being finalized to prevent different rules from taking effect while the agencies consider a broader simplification of the capital rules. To learn more click on the picture below to read the release.