2023-08-03T11:26:28-04:00September 22nd, 2021|2- Daily Briefing|

FDIC Prods Banks to Assist Innovators
Seeking further engagement and collaboration with innovators, the FDIC today sought comment on ways to expand information access within its innovation pilot program.

HUD, FHFA Start Fair-Housing Campaign with Soft Touch
Following their memorandum of understanding (MOU) last month and a newly-sharp focus on fair housing, HUD and FHFA today “clarified” that Freddie Mac will purchase mortgages secured by group homes.

HFSC Considers Transferring Fed’s Macro-Stabilization Function to New Agency
Ahead of the HFSC Subcommittee hearing tomorrow on the Fed’s emergency lending powers, the majority staff memo indicates that Members will consider draft legislation to establish a National Investment Authority (NIA).

Powell Avoids Specifics on FRB Trading, Quarles, Wells Fargo
Although the Powell press conference today focused as always on the FOMC statement, the Fed chairman faced skeptical questions about recent personal trading by two Reserve Bank Presidents.