The Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency have adopted a final rule that increases the threshold for residential real estate transactions requiring an appraisal from $250,000 to $400,000.   The rule incorporates the appraisal exemption for rural residential properties provided

The Central Bank of The Bahamas (Bank) proposes to liberalize exchange controls (EC) on residential property transactions (both purchases and sales) involving non-residents effective October 1, 2019.    The EC relaxation would apply regardless of whether the transactions take place in the name of an entity or vehicle ultimately owned

The Consumer Financial Protection Bureau (Bureau) has issued three new policies to promote innovation and facilitate compliance: the No-Action Letter (NAL) Policy, Trial Disclosure Program (TDP) Policy, and the Compliance Assistance Sandbox (CAS) Policy.     Regulatory uncertainty can hinder the development of innovative products and services that benefit consumers.  NALs

The Federal Deposit Insurance Corporation (FDIC) has issued a Notice of Proposed Rulemaking seeking comment on proposed revisions to its regulations on interest rate restrictions applicable to insured depository institutions that are less than well capitalized.  These are institutions with total assets under $1 billion.   The proposed rule would