The Federal Housing Finance Agency (FHFA) is continuing with its proposed repeal of the Biden Administration's Fair Lending, Fair Housing and Equitable Housing Finance Plans regulations. This repeal would include eliminating requirements for Fannie Mae and Freddie...
Read MoreDemocratic lawmakers, led by Senator Elizabeth Warren (D-MA), wrote to the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) to withdraw a recent proposal that would eliminate ‘reputation...
Read MoreEgan-Jones Ratings Co. is no longer listed by the Bermuda Monetary Authority among the ratings providers that can inform an insurer’s solvency capital requirements in the region. An Egan-Jones spokesperson said the company is confident...
Read MoreThe U.S. Department of Justice (DOJ) directed a federal court that a preliminary injunction does not require the Consumer Financial Protection Bureau (CFPB) Acting Director to request additional funding from the Federal Reserve. Acting Director...
Read MoreThe Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation (collectively “the agencies”) are rescinding the “Interagency Guidance on Leveraged Lending”, dated March 21, 2013, and the “Frequently Asked Questions for Implementing...
Read MoreOn November 18, the Trump administration announced a plan to continue dismantling the U.S. Department of Education (DOE). Previous responsibilities of the U.S. DOE will be divvied up among other existing U.S. federal agencies, including...
Read MoreA Federal Reserve Division of Supervision and Regulation memo released on November 18 outlines alterations and rollbacks to Fed banking supervision. The memo stressed that the Fed should be focused on bank safety and soundness as opposed...
Read MoreThe Wall Street Journal reports a recent split within the central bank as to future monetary policy. The Federal Reserve cut rates .25 basis points in September and again in October, with the current range sitting between...
Read MoreThe November 4 version of Politico’s “Morning Money” highlights uncertainties facing the Consumer Financial Protection Bureau (CFPB). Firstly, the full D.C. Court of Appeals is currently deliberating whether they will intervene in the Trump Administration’s lay-off of...
Read MoreAccording to the Wall Street Journal, some institutional investors are voicing concern over private-equity firms’ growing push to sell fund products to individual investors. The shift toward retail participation, which currently accounts for roughly 5% of...
Read MoreOn September 15, Stephen Miran was confirmed by the Senate (48-47) to the Federal Reserve Board. Miran will complete the remainder of former Federal Reserve Chair Adriana Kugler’s term which is set to end in...
Read MoreOn September 17, the Federal Reserve lowered the federal funds target rate target to the 4 - 4.25 percent range. In the press release, the Federal Reserve noted that economic uncertainty has risen given the...
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