On September 27, the CFPB released its annual report on residential mortgage lending trends for 2022. The report notes that the average monthly principal and interest payment for a new 30-year fixed-rate mortgage originations increased...
Read MoreOn September 27, SEC Chair Gary Gensler testified before the House Financial Services Committee (HFSC). He addressed questions regarding AI, crypto, and the Commission’s proposals on swing pricing and predictive data analytics. Additionally, Gensler was...
Read MoreOn September 14, Ginne Mae announced the launch of a social bonds label for single-family MBS. Separately, on September 18, both Fannie Mae and Freddie Mac announced the expansion of single-family social disclosures for Super and Mega MBS pools. Read More
Read MoreOn September 20, the Federal Reserve Board voted to keep the federal funds rate in the range of 5.25% and 5.5%, marking only the second meeting this year that the Fed opted to keep rates...
Read MoreIn a report issued by the FDIC on September 8, the agency acknowledged that measures could have been implemented by bank regulators to mitigate deposit runs at First Republic Bank. The report emphasizes that the FDIC could...
Read MoreIn a speech on September 11, CPFB Director Rohit Chopra addressed the CFPB v. Community Financial Services Association of America case, which deals with the constitutionality of the agency’s funding structure. In his remarks, Chopra argued that...
Read MoreThe Senate Committee on Banking, Housing and Urban Affairs held a hearing on September 12, with SEC Chairman Gary Gensler, titled “Oversight to the U.S. Securities and Exchange Commission”. Democrats praised Gensler for his oversight...
Read MoreOn September 14, the House Financial Services Committee (HFSC) held a Subcommittee hearing on Financial Institutions entitled, “Implementing Basel III: What’s the Fed’s Endgame?” The hearing focused on the recent proposed rulemaking from prudential regulators...
Read MoreOn September 11, the FHFA announced next steps in the adoption of new credit score requirements by Fannie Mae and Freddie Mac. The FHFA is forming stakeholder forums and listening sessions to solicit additional public...
Read MorePolitical pundits anticipate difficulties in advancing banking related legislation amid the recent Basel III endgame proposal which is expected to increase the capital requirements for the largest institutions. Both chambers have returned from recess to...
Read MoreIn a speech on August 14, Federal Deposit Insurance Corp. (FDIC) Chair Martin Gruenberg previewed future bank regulations. Such actions include the Basel III framework, plans to subject firms with over $100 billion in assets...
Read MoreOn August 1, Rep. Andy Barr (R-KY) and Rep. Ann Wagner (R-MO) wrote to the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC) and the Federal Reserve, concerning the...
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