In testimony before the House Financial Services Committee and the Senate Banking Committee, CFPB Director Rohit Chopra prioritized (i) stimulating competition in the consumer financial markets, (ii) action against repeat offenders of agency and court orders, and (iii) restoring relationship banking to protect consumers "in an era of big data."
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An FDIC final rule was published in the Federal Register that incorporates the October 2020 revised community bank leverage ratio rule with Interagency Guidelines for Real Estate Lending Policies.
The FDIC adopted amendments to incorporate the October 2020 revised community bank leverage ratio rule with the Interagency Guidelines for Real Estate Lending Policies.
Treasury and the Federal Housing Finance Agency suspended certain requirements of the preferred stock purchase agreements between Treasury and Fannie Mae and Freddie Mac.
An FDIC proposed amendment to align the agency's Guidelines for Real Estate Lending Policies with the October 2020 revised community bank leverage ratio rule was published in the Federal Register.