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Support for the Greater Supervision in Banking Act (H.R. 3948)

June 22, 2021 The Honorable Maxine Waters Chairwoman Committee on Financial Services United States House of Representatives Washington, DC 20515 The Honorable Patrick McHenry Ranking Member Committee on Financial Services United States House of Representatives Washington, DC 20515 Dear Chairwoman Waters, Ranking Member McHenry and Members of the Committee: We are writing to urge your support for

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Bold leadership is needed at FHFA to address access to credit, affordable housing crisis

This is a pivotal moment for Fannie Mae and Freddie Mac, for the mission in their charters, and the role they can and must play in facilitating access to affordable housing and affordable mortgage credit for low- and moderate-income (LMI) households, for families and communities of color and rural communities.

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Huntington, NCRC announce $40 billion expanded community benefits plan

Huntington Bancshares Inc. (Nasdaq: HBAN) and the National Community Reinvestment Coalition (NCRC) today announced a new $40 billion community benefits plan that will focus on affordable housing, small business loans and increased capital to low- and moderate-income communities, communities of color and communities that have been historically disadvantaged.

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American Banker: What it means that ex-Fed officials are leading OCC

Under the Trump administration, the Office of the Comptroller of the Currency at times butted heads with other regulators over issues like reforming the Community Reinvestment Act and offering bank charter access to fintech firms. But new leadership could strengthen the OCC’s focus on coordinating with other agencies, observers say.

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The Washington Post: HUD to reinstate Obama-era fair housing rules gutted under Trump-minus the ‘reporting requirement

Biden’s housing department is restoring the requirement that communities take steps to reduce racial segregation or risk losing federal funds. But missing from the requirement is the 2015 mandate that communities undergo an extensive analysis of local barriers to integration and submit plans to dismantle them to the Department of Housing and Urban Development.

The Washington Post: HUD to reinstate Obama-era fair housing rules gutted under Trump-minus the ‘reporting requirement Read More »

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