Board Actions

Actions taken during the week ending October 27, 2007

Forms

Forms -- final Board review to extend without revision the Recordkeeping and Disclosure Requirements Associated with Securities Transactions Pursuant to Regulation H (Reg H-3) and the Home Mortgage Disclosure Act/Loan Application Register (HMDA/LAR).
-Approved, October 24, 2007

Regulations And Policies

Identity Theft Red Flags -- final interagency regulations under the Fair and Accurate Credit Transactions Act to require financial institutions and creditors to establish identify theft prevention programs; to require credit and debit card issuers to assess the validity of notifications of changes in address; and to provide guidance on policies and procedures for credit report users who receive a notice of address discrepancy from a consumer reporting agency (Docket No. R-1255).
-Approved, October 23, 2007

Testimony And Statements

Subprime Lending -- statement by Governor Kroszner on the subprime mortgage market, Federal Reserve actions, and potential legislative responses before the House Committee on Financial Services on October 24, 2007.
-Reviewed, October 23, 2007