4.1.20
On April 1, a bipartisan group of lawmakers from the House Committee on Financial Services sent a joint letter to Federal Reserve Chairman Jerome Powell urging the Fed to expand the initial Term Asset-Backed Securities Loan Facility (TALF) to include investment-grade securities backed by unsecured consumer loans as eligible collateral. This joint letter follows a March 22 proposal SFA delivered to the Federal Reserve and Treasury recommending modifications to TALF that reflect the evolution of the securitization market over the past decade. SFA continues to engage with market participants and policy officials in Washington in order to help facilitate a return to normal market functioning as soon as possible.
Read the letter here.