What is Reg G?

What is Reg G?

Regulation G will require registrants that publicly disclose material information that includes non-GAAP financial measures to provide a reconciliation to the most directly comparable GAAP financial measures. Regulation G is intended to implement the requirements of the Sarbanes-Oxley Act.

What is Regulation G in banking?

What Is Regulation G? Federal banking regulation G requires banks, their affiliates, and their subsidiaries to publicly disclose written agreements with nongovernmental entities or persons (NGEPs).

What is the CRA sunshine rule?

The CRA Sunshine statute requires certain CRA-related agreements to be publicly disclosed and reported upon annually. The rule defines agreements that are subject to the statute’s disclosure and reporting requirements as “covered agreements.” An agreement is “covered” if it meets all of the following 5 criteria: 1.

What is a CRA covered agreement?

“Covered Agreement” is any contract, arrangement, or understanding that meets all of the following criteria: 1. The agreement is in writing. 2. The agreement is made pursuant to, or in connection with, the fulfillment of the CRA.

What is Regulation G in mortgage?

Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act) (Regulation G) was enacted on July 30, 2008, and requires individuals who engage in the business of a residential mortgage loan originator (MLO) to be either state-licensed or federally-registered as MLOs.

How does the Community Reinvestment Act work?

The Community Reinvestment Act (CRA), enacted in 1977, requires the Federal Reserve and other federal banking regulators to encourage financial institutions to help meet the credit needs of the communities in which they do business, including low- and moderate-income (LMI) neighborhoods.

What regulation is safe act?

The SAFE Act requires that federal registration and state licensing/registration be accomplished through the same online registration system, the Nationwide Mortgage Licensing System and Registry (Registry). of 2008 (Pub.

What does Regulation SX apply to?

Regulation S-X is a U.S. Securities and Exchange Commission rule that covers annual reports from companies. Regulation S-X extends the meaning of the term “financial statements” to include all notes to the statements and all related schedules.

What is covered by Regulation S-K?

A set of SEC rules that set out the detailed disclosure requirements (other than financial statements) applicable to registration statements, periodic reports, proxy statements and other filings under the Securities Act and the Exchange Act.

What does CRA stand for?

CRA stands for Certified Radiology Administrator (medical professional) Suggest new definition. This definition appears somewhat frequently and is found in the following Acronym Finder categories: Science, medicine, engineering, etc. Organizations, NGOs, schools, universities, etc.

What is CRA compliance?

Compliance. The CRA operates a number of programs to deal with suspected cases of tax evasion, fraud, and other tax offences, as well as non-compliance with Canada’s tax laws by those who earn income from illegal activities. Canada’s tax system is based on self-assessment. The CRA’s compliance activities help preserve public confidence in…

What qualifies as CRA credit?

Nonprofit organizations are eligible for CRA support if they provide qualified community development services, loans or investment to either: Low- and moderate-income individuals. Low- and moderate-income geographic areas. Area specially designated as underserved, distressed or disaster.

What is an oversight CRA?

The Congressional Review Act (CRA) is an oversight tool that Congress may use to pass legislation overturning a rule issued by a federal agency. When Congress passes a law, it often grants rulemaking authority to federal agencies to implement provisions in the law.