Dodd-Frank Act Regulatory Reform Rules (great resource)

[ProSense]

Dodd-Frank Act Regulatory Reform Rules

A roadmap for tracking the rulemaking process from start to finish

Track the progress of more than 200 proposals and rules that will be written by various federal agencies as part of the implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.

How to Use This Site:

Latest Updates: This homepage feature shows the most recent rule activity regardless of status, and is generated by the site's RSS feed. Older rule activity can be found by status via the navigation tabs.

Open for Comment: In this section, view all the proposed rules that are open for comment and published in the Federal Register, and also find out how and when to submit comments to the respective agency(ies).

Proposed: This section lists all rules that are proposed and are waiting for final approval.

Final: This section lists all final rules, and includes critical effective or mandatory compliance dates.

Resources: Links to all 11 agencies involved in the Dodd-Frank Act rulemaking process, as well as a quick tutorial on how a rule is made.

Coming soon: Search and sort functionality, e-mail alerts and additional navigation functions.

Questions or suggestions? Contact: [e-mail]

Final rules from link above:

FDIC - Designated reserve ratio for the Deposit Insurance Fund.

Summary:
The FDIC is amending its regulations to set the designated reserve ratio at 2 percent. The amendment is in connection with implementing a comprehensive, long-range management plan for the Deposit Insurance Fund.

SEC - Extending expiration dates of temporary exemptions for eligible credit default swaps.

Summary:
The SEC is extending the expiration dates applicable to current exemptions for certain credit default swaps in order to continue facilitating the operation of one or more central counterparties for those credit default swaps until the implementation of the clearing provisions of the Dodd-Frank Act. Under the amendments, the expiration dates of the temporary rules are extended to July 16, 2011.

FDIC - Final rule on deposit insurance coverage for noninterest bearing transaction accounts.

Summary:
The FDIC is adopting a final rule amending its deposit insurance regulations to provide for unlimited deposit insurance for "noninterest-bearing transaction accounts" for two years starting December 31, 2010.

SEC - Removal from regulation FD of the exemption for disclosures made to credit rating agencies for the purpose of determining a credit rating.

Summary:
Regulation FD generally requires public disclosure of material nonpublic information provided to certain enumerated persons unless an exemption applies. The Dodd-Frank Act removed the exemption for entities whose primary business is the issuance of credit ratings.

Summary:
The interpretive guidance clarifies the application of certain regulations in light of the authority granted to the Public Company Accounting Oversight Board in the Dodd-Frank Act to establish auditing, attestation, and related professional practice standards governing the preparation and issuance of audit reports to be included in broker and dealer filings with the SEC.

FRS - Truth in Lending final rule to protect consumers in the mortgage market from unfair lending practices that can arise from certain loan originator compensation practices.

Summary:
The final rule prohibits payments to loan originators, based on the terms of the transaction other than the amount of credit extended. The final rule further prohibits any person other than the consumer from paying compensation to a loan originator in a transaction where the consumer pays the loan originator directly. The rule also prohibits loan originators from steering consumers to a loan not in their interest based on the fact that the loan originator will receive greater compensation for the loan.

SEC - Final rule provides that any accounting firm preparing an audit report for an issuer that is a non-accelerated filer will not be required to attest to, and report on, the internal control assessment made by the issuer's management.

Summary:
The final rule includes conforming amendments to provisions of the Dodd-Frank Act that provide that Section 404(b) of the Sarbanes-Oxley Act shall not apply with respect to any audit report prepared for an issuer that is neither an accelerated filer nor a large accelerated filer. As a result, each accounting firm that prepares or issues the audit report for issuers who are non-accelerated filers will not be required to attest to the assessment made of the internal accounting procedures made by the issuer's management. Accelerated filers will continue to be subject to Section 404(b).

CFPB - Designated transfer date for transfer of functions to the Bureau of Consumer Financial Protection.

Summary:
The Secretary of the Treasury designates 7/21/2011 as the date for the transfer of functions to the Bureau of Consumer Financial Protection ("CFPB"). On this "designated transfer date," certain authorities will transfer from other agencies to the CFPB, and the CFPB will be able to exercise certain additional, new authorities under the CFP Act and other laws.

CFTC - New regulations establishing standards for off-exchange retail foreign exchange transactions and intermediaries.

Summary:
The final rules form a comprehensive regulatory scheme with respect to off-exchange transactions in foreign currency with members of the retail public (i.e., "retail forex transactions"). The new rules establish requirements for, among other things, registration, disclosure, recordkeeping, financial reporting, minimum capital, and other operational standards.

NCUA - Increase standard maximum share insurance amount (SMSIA) applicable to credit union accounts.

Summary:
Amendments to reflect Congress' action making permanent the increase in the SMSIA from $100,000 to $250,000.

FDIC - Increase in standard maximum deposit insurance amount (SMDIA).

Summary:
Conforming amendments to reflect Congress' action making permanent the increase in the SMDIA (from $100,000 to $250,000). Mandatory compliance date for signage is 1/3/2011.

[karynnj]

1. Excellent resourse

This could be handy if there is a question on what is in place on anything.

(I recced - but it is still at 0 - so someone mindlessly unreccomended this!)