Politics

The finalized rule adds flexibility to the capital rules applied to the Federal Home Loan banks to help them extend credit to their members.

The Department of Housing and Urban Development did not assign any fault or liability in conjunction with the "historic" settlement.

A cohort of bank industry interest groups called for the incoming Trump administration to pause all pending bank regulation and litigation and extend the timelines for implementing final rules issued by the Biden administration.

If Thompson had opted against resigning, President-elect Donald Trump would have been able to fire her quickly after his Jan. 20 inauguration due to a US Supreme Court decision that made it easier to remove the FHFA director.

The Consumer Financial Protection Bureau issued separate policy statements on "sandbox approvals" and no-action letters for fintechs — measures whose longevity is questionable with the incoming Trump administration.

In a speech outlining his priorities for the FDIC, Vice Chair Travis Hill stressed the need for a more flexible regulatory approach, addressing capital requirements, digital assets, climate policy, and bank oversight, while emphasizing transparency and timely action.

Craig Phillips worked on early efforts to move the government-sponsored enterprises toward a conservatorship exit during the first Trump administration.

New chairs Nanci Weissgold and Bill Nelson both also sit on the trade association's board of directors.

Seen by many as a logical pick for the Federal Reserve's next vice chair for supervision, Gov. Michelle Bowman wants the institution to focus on safety and soundness issues, tailoring and transparency.

The Federal Housing Administration has released its first non-draft update of guidance on which defects it's most concerned about and what to do about them.