On June 7, the Fed, FDIC, FHFA, HUD, OCC, and SEC extended the comment period deadline regarding their proposed rules to implement the credit risk retention requirements of Section 941of the Dodd-Frank Act from June 10 to August 1. Joint Release. Proposed Rule Extension.
Section 941
FDIC, SEC Meetings for Credit Risk Retention Proposed Rule
On March 29, the FDIC will meet to consider an NPR to implement Section 941 of the Dodd-Frank Act, which addresses the regulation of credit risk retention. The meeting will be webcast live, and made available on-demand approximately one week after the event. On March 30, the SEC will also hold an Open Meeting to consider proposing joint rules regarding credit risk retention. FDIC Release. FDIC Webcast. SEC Release. SEC Webcast.