2023-04-04T15:08:38-04:00February 25th, 2022|2- Daily Briefing|

CFPB Targets Auto Lending for Competition Make-Over

Late yesterday, the CFPB outlined the steps it plans to take to ensure that auto lending is fair and competitive.  This initiative mirrors others (see FSM Report CONSUMER38) in which the Bureau seeks to deploy its consumer-protection powers to reshape markets.

Basel Plans Broad Digital, Crypto, Climate Work Plan

The Chair of the Basel Committee, Spain’s Pablo Hernández de Cos today reiterated that Basel now plans to press its final capital changes and work with other regulators to finalize climate risk standards.  An array of “deep-dive analyses” are planned on fintech and cryptoassets, publishing initial conclusions on these topics and AI in “coming months.”

Fed Finds Financial Stability Just Fine, But That Was Then

The monetary policy report that Chairman Powell will deliver next week includes a slightly revised discussion of financial stability which does not take current geopolitical hazards into account.

FHFA Eases GSE Capital to Increase CRT

FHFA followed up sweeping action yesterday on mortgage servicers today with a finalized capital rule.  As promised, the rule replaces the current fixed leverage ratio with a dynamic one designed to ensure that risk-based capital is the only binding constraint for Fannie Mae and Freddie Mac.