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Treasury Department

Military credit union group urges Congress to fund CDFIs

CDFIs, Credit unions, Politics and policy, Regulation and compliance, Treasury Department /

Annabelle Gordon/Bloomberg Advocates for military credit unions Tuesday urged top lawmakers on a senate appropriations subcommittee to restore funding for the Community Development Financial Institutions Fund, after the White House proposed eliminating new funding.  In the letter, addressed to Financial Services and General Government Subcommittee Chair Bill Hagerty, R-Tenn., and Ranking Member Jack Reed, D-R.I., […]

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Reforming Fannie and Freddie is must be done carefully BankThink

Trump could solve the housing crisis with no help from Congress

Affordable housing, Fannie Mae, Freddie Mac, Housing markets, Treasury Department /

The president should unwind the federal government’s stake in Fannie Mae and Freddie Mac, and direct the proceeds to a housing remainder trust designed to close critical gaps in real estate lending, writes Joshua Rosner, of Graham Foster & Co.Adobe Stock America’s post-pandemic paradox is clear: The economy keeps adding jobs, but the supply of

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Top Treasury official wants to ‘Americanize’ any Basel rule

Politics and policy, Regulation and compliance, Treasury Department /

Stefani Reynolds/Bloomberg The Treasury Department is working with the bank regulators to finish the U.S.’s Basel committee-pursuant capital standards with an eye to clearing obstacles for American firms and “harmonizing” regulation of the financial system, the deputy secretary said Friday. Michael Faulkender said parts of the capital framework issued by the Basel committee would be

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