FHFA Proposes New Equity-Focused Housing Goals
Continuing to act swiftly on its new director’s racial equity and economic equality focus, FHFA today proposed two new single-family home purchase subgoals targeting minority and low-income communities.
OCC Increases Focus on Model-Risk Management
The OCC today issued a new examination booklet focused on model risk management. Based on the principles first laid out in decade-old guidance, it does not establish new standards per se but rather details the criteria by which examiners will judge whether national banks adhere to the guidance.