Federal regulators issued a final rule Tuesday that doubles to 100% the amount of servicing assets, including purchased credit card relationships, that banks and thrifts may count as Tier 1 capital.
However, regulators said all servicing assets must be discounted by 10%. Purchased credit card relationships and nonmortgage servicing assets may make up no more than 25% of Tier 1 capital. The rule is effective Oct. 1, but early adoption is permitted.
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