Brown Joins White House Condemning GSE Refi Fees
Following the GSEs’ decision yesterday to add a new fee on refinanced mortgages, Senate Banking Ranking Member Brown (D-OH) has joined the White House in a most unusual coalition opposing this action.
Banking Dems Demand Investigation into OCC Redlining Enforcement
Sens. Warren (D-MA), Brown (D-OH) and Cortez Masto (D-NV) late yesterday asked Treasury’s acting inspector general to investigate allegations that senior OCC officials shelved investigations into discrimination and redlining and analyze the OCC’s processes and procedures for conducting fair lending investigations.
FSB Presses Continuity Disclosures from CCPs, Other Financial Infrastructure
Seeking to eliminate duplicative information gathering, the FSB today published a voluntary questionnaire providing a common template for financial market infrastructures (FMIs) to relay baseline information on continuity when users are approaching or in resolution.