On This Page

Supervision and Regulation News

June 25, 2007

Board of Governors Introduces Online Mortgage Comparison Calculator 
In a press release, the Board of Governors announced the availability of an online Mortgage Comparison Calculator that consumers can use to compare monthly mortgage payments and the amount of equity they will build for up to six types of fixed- and adjustable-rate mortgages.

Notification of Delay in Implementation of Revised SARs by Depository Institutions 
SR 07-9 states that the Financial Crimes Enforcement Network (FinCEN) has delayed the implementation of certain revised Suspicious Activity Report (SAR) forms that were scheduled to become effective on June 30, 2007, and mandatory on Dec. 31, 2007. Banking organizations should continue to file using the current Suspicious Activity Report by Depository Institutions; FinCEN will establish new effective and mandatory compliance dates for the revised forms.