Advocacy News

E-News 9-13-24 FEDERAL GOVERNMENT RELATIONS Household Incomes Rise for First Time Since Pandemic The U.S. Census Bureau reported a 4% rise in inflation-adjusted median household income to $80,610 in 2023, marking the first increase since the pandemic. This improvement is attributed to easing inflation and a robust job market, though the report also revealed that women saw smaller income gains than men, and poverty rates showed mixed trends. Read more from the Wall Street Journal U.S. Core Inflation Rises in August August saw an unexpected rise in U.S. core inflation, driven by increased...
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E-News 9-6-24 FEDERAL GOVERNMENT RELATIONS FHLBs: Treasury Department’s affordable housing proposal not sustainable  A Treasury Department request to have federal home loan banks voluntarily raise the percentage of net income they set aside for affordable housing “will not address the underlying complexities of the housing crisis,” the FHLB chairs said in a joint letter.  Read more Basel Committee: Permissionless blockchains pose ‘novel’ risk challenges for banks  Banks that engage in digital asset transactions face risks that may require new approaches to risk management,...
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E-News 8-30-24 STATE GOVERNMENT RELATIONS GM to Delay New Carlisle EV Battery Plant Production by a Year General Motors and Samsung SDI agreed to run the factory jointly but said production would be delayed by a year to 2027. The companies said that the $3.5 billion plant will make nickel-rich prismatic batteries that store more energy than other chemistries, lowering costs and improving driving range. Read more from the Associated Press   FEDERAL GOVERNMENT RELATIONS Fed's Waller: FedNow Grows to Nearly 1,000 Institutions Federal Reserve Governor Christopher Waller said that...
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E-News 8-23-24 FEDERAL GOVERNMENT RELATIONS Fannie Mae, Freddie Mac update private mortgage insurer eligibility requirements Fannie Mae and Freddie Mac are updating their private mortgage insurer eligibility requirements, which are the financial and operational standards that private mortgage insurance companies must meet to provide insurance on mortgage loans acquired by the enterprises.  Read more CDFI Fund seeks comment on proposed reporting changes The Community Development Financial Institutions Fund announced it is seeking public comment on changes to its reporting to capture...
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