President Biden has issued an executive order (EO) setting in motion a series of administrative actions designed to reduce both climate risk in the financial sector and in any way financial companies make it worse. Mandatory action by HUD and other agencies is also required to redesign federal mortgage backstops. These could have significant impact, but the White House otherwise has limited authority over U.S. financial regulation because all of the key agencies responsible for it are independent and thus not subject to direct mandates via an EO.
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