FHFA issues notice of reg review

The Federal Housing Finance Agency (FHFA) issued a request for comment Friday as it begins a regulatory review. The agency is seeking feedback on how its regulations could be more effective and less burdensome.

The agency adopted its current regulatory review plan in 2012, under which it will review regulations every five years, excluding those that have been adopted or substantially amended within the past two years.

The last review was conducted in 2018. The FHFA subsequently removed stress testing requirements for the Federal Home Loan Banks (FHLBs), amended its prior approval of the government-sponsored enterprises’ (GSEs) products rule, and issued interpretations and guidance on other issues that received requests for clarification.

Last month, NAFCU urged FHFA to reinstate seasoned bulk transactions through the GSEs, noting that access to liquidity has become a priority with rising interest rates and lingering concerns from the recent bank failures. The association has also engaged with the agency on using alternative credit scoring models, as well as ways to strengthen credit unions’ participation in GSE and FHLB loan opportunities.

 

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