Federal regulators said they will consider comments submitted before May 1 on their proposal to modify the Volcker rule’s general prohibition on banking entities investing in or sponsoring hedge funds or private equity funds. The previous deadline was April 1.
ICBA this week called on regulators to delay all non-coronavirus-related rulemakings and comment period deadlines for at least 180 days. ICBA cited outstanding rulemakings on reforming Community Reinvestment Act rules, brokered deposit restrictions, and credit union oversight, among others.