The CFPB identified trends in the 2022 mortgage market, finding a “significant downturn” in mortgage-lending activities with the exception of lending in open-end lines of credit.
September 27, 2023
The CFPB identified trends in the 2022 mortgage market, finding a “significant downturn” in mortgage-lending activities with the exception of lending in open-end lines of credit.
The Congressional Research Service summarized the proposed Clarity for Payment Stablecoins Act and an implementing regulatory framework.
Treasury recommended best practices for financial institutions that have made "net-zero" financing and investment commitments.
Senators Elizabeth Warren (D-MA), Bernie Sanders (I-VT), Martin Heinrich (D-NM), Ed Markey (D-MA), Sheldon Whitehouse (D-RI) and Jeff Merkley (D-OR) questioned Treasury on its efforts to "[leverage] finance and financial risk mitigation to confront the threat of climate change."
FDIC Vice Chair Travis Hill expressed concern that "an overreaction is underway" from regulators in response to the bank failures in March 2023.