Gensler Stands Firm on Mandatory Climate Disclosures
SEC Chair Gensler today took to Twitter to reiterate the new climate-risk disclosure framework we assessed after he detailed this in an August 3 speech. He emphasized that staff are developing a mandatory climate risk disclosure rule proposal by year-end.
Final Senate Infrastructure Bill Retains G-Fee Extension
The infrastructure bill passed today by the Senate retains the extension of the 10bp GSE g-fee increase set to expire at the end of this fiscal year. As noted when the idea was first floated, the extension means the extra 10bps continue through 2032, providing $21 billion in infrastructure funding.
CFPB Servicer Report Identifies Enforcement Targets
Following a demand from HFSC Chairwoman Waters (D-CA) that regulators toughen servicer enforcement, the CFPB today released a report finding that some servicers struggled to assist borrowers during the pandemic, “substantially underperforming” their peers in key effectiveness metrics.