CFPB Director Rohit Chopra praised the mortgage borrowing standards implemented by the CFPB following the 2008 financial crisis. He claimed that recent court cases raising questions about the legitimacy of the CFPB's regulations were "destabilizing" to the housing system.
The Structured Finance Association urged the Treasury Department "to avoid the potentially destructive effects" of pushing Fannie Mae and Freddie Mac out from under conservatorship prematurely.
GAO recommended that FinCEN undertake additional procedures to implement and evaluate the effectiveness of geographic targeting orders for certain real estate transactions between 2016 and 2020.
The Federal Reserve Board proposed repeal of regulations that incorporate the SAFE Act was published in the Federal Register.
The Federal Reserve Board finalized the process of transferring its rulemaking authority for the Secure and Fair Enforcement for Mortgage Licensing Act to the CFPB.