The FRB, OCC, and FDIC yesterday released a final rule relaxing – at least a little – the capital rules stifling bank mortgage servicing since the U.S. version of Basel III was finalized in 2013.  Aimed at small banks, the new rules revise the standardized approach (SA) in risk-based capital regulation, an approach that will actually provide relief to all but the largest U.S. banks once the banking agencies finish tailoring the post-crisis framework as demanded under 2018’s EGRRCPA.

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