Advocacy News

E-News 7-18-25 FEDERAL GOVERNMENT RELATIONS Regulators move to rescind 2023 CRA update The Federal Reserve Board, the Federal Deposit Insurance Corp. and the Office of the Comptroller of Currency formally initiated the process of rescinding 2023 changes to the implementation of the Community Reinvestment Act. The move would roll the anti-redlining law back to its 1995 framework. Critics have said the 2023 revisions are overly complex and burdensome, particularly for community banks, and likely exceed statutory authority. Read more from American Banker Crypto bills advance in House after Trump...
MORE

 
E-News 7-11-25 FEDERAL GOVERNMENT RELATIONS President signs 'big beautiful bill' including numerous industry-backed provisions  Included in the budget reconciliation bill were several industry-supported tax provisions related to banks, including a modified version of the ACRE Act and the permanent extension of the Section 199A pass-through deduction rate of 20%.  Read more Fannie, Freddie to expand credit scoring options for mortgages Fannie Mae and Freddie Mac will allow lenders the option to use VantageScore 4.0 while still allowing use of FICO to assess the creditworthiness of...
MORE

 
E-News 7-3-25 FEDERAL GOVERNMENT RELATIONS July rate cut expectations rise after Powell comments Expectations for a Federal Reserve rate cut later this month rose after Chair Jerome Powell said in Portugal that any decision will depend on incoming economic data. Futures markets now reflect a 25% chance of a cut at the Fed's July 29-30 meeting, up from 20% before Powell's comments. He added that the Fed had been on track to continue easing policy gradually, but concerns over the economic impact of tariffs have prompted a more cautious approach. Read more from the Wall Street Journal "One Big...
MORE

 
E-News 6-27-25 FEDERAL GOVERNMENT RELATIONS Fannie, Freddie directed to consider allowing cryptocurrency for mortgages Federal Housing Finance Agency Director Bill Pulte directed Fannie Mae and Freddie Mac to prepare proposals to allow cryptocurrency to count as an asset for a mortgage. Read more Powell: Proposal to end Fed interest payments to banks would be ‘challenging’ A proposal to prevent the Federal Reserve from paying interest to banks would neither save the government money nor make more credit available, Fed Chairman Jerome Powell said. Read more FedNow adds risk...
MORE

 

Pages