WASHINGTON—The Federal Reserve this week is expected to issue a new raft of rules as part of the Dodd-Frank Act, but many may not be applicable to credit unions, at least not initially.
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Analysts are predicting that as many as 400 pages of new rules to implement Sections 165 and 166 of the Dodd-Frank Act, which include risk-based capital requirements, leverage, resolution planning and concentration limits. The new rules are also expected to detail how the Fed plans to regulate large, interconnected financial institutions — as well as nonbanks — for the first time. Many of the rules will apply only to banks of $50 billion in assets or greater. Such proposals sometimes are then adopted in different ways by credit union regulators.
