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Read the latest articles and press releases about securitization and structured finance.

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Industry News

FFIEC Announces Increase to Focus on LIBOR Transition Preparedness

On Wednesday, July 1, the Federal Financial Institutions Examination Council (FFIEC) released a statement indicating that the institution, consisting of the Federal Reserve, Federal Deposit Insurance Corporation, National Credit Union Administration, Office of the Comptroller of the Currency, and CFPB, will be taking an increased focus on transitioning away from LIBOR.

Press Releases

Structured Finance Association Joins Industry Groups in Requesting Extension to FHFA Capital Rule Comment Period

In a letter to Federal Housing Finance Agency (FHFA) Director Mark Calabria, the Structured Finance Association (SFA) joined industry groups in requesting an extension to the comment period on a new regulatory capital framework for the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac).

Industry News

House Committee on Financial Services Holds Hearing with Treasury Secretary and Fed Chairman on the Economic Response to COVID-19

On Tuesday, June 30, the House Committee on Financial Services held its first quarterly oversight hearing mandated by the CARES Act featuring Treasury Secretary Steven Mnuchin and Federal Reserve Chairman Jerome Powell.

Industry News

ARRC Releases Several Key Updates Relating to LIBOR Transition

This week the Alternative Reference Rates Committee (ARRC) released several key updates related to the transition away from LIBOR.

SFA News

SFA Signs Letter Requesting Extension to FHFA Comment Period

On Tuesday, June 30, SFA joined 16 other organizations in signing a letter to Federal Housing Finance Agency (FHFA) Director Mark Calabriacalling for an extension to the comment period on the proposed regulatory framework for Fannie Mae and Freddie Mac.

SFA News

SFA Files Amicus Brief related to CFPB v. National Collegiate Student Loan Trusts Case

On Tuesday, June 30, SFA filed an amicus brief with Delaware Chancery Court related to the CFPB v. National Collegiate Student Loan Trusts Case.

Industry News

SFA Submits Feedback on Capital Markets Advisory Forum to the EU Commission

On Tuesday, June 30, SFA submitted feedback on the European Commission’s Capital Markets Union High Level Forum Report.

Industry News

Fed Opens Corporate Debt Lending Program

On Monday, June 29, the Federal Reserve (Fed) formally opened its Corporate Debt Lending program.

Industry News

Supreme Court Rules that CFPB Head Can be Fired at Will

On Monday, June 29, the Supreme Court ruled 5 – 4 that the President has the authority to fire the head of the Consumer Financial Protection Bureau (CFPB) at will but did not go as far as saying the CFPB’s structure was unconstitutional.

Industry News

SCOTUS Rules CFPB’s Leadership Provisions Unconstitutional: Gives President Unfettered Right to Fire Director – While Upholding the Constitutionality of the CFPB Itself

The U.S Supreme Court invalidated the limitation of the powers of the President to fire the Director of the Consumer Financial Protection Bureau (CFPB) in Seila Law LLC v. Consumer Financial Protection Bureau decision.