FHFA housing finance reforms; SEC financial penalties on SROs; SEC’s Regulation Best Interest; Pressure for a federal data privacy law
Key Highlights
FHFA outlined plans for housing finance reforms, including means for the GSEs to build capital and exit conservatorship. At a Senate hearing, the Treasury Secretary said the GSEs might avoid a SIFI designation with sufficient levels of capital.
SEC is proposing to impose financial penalties on SROs for failing to implement CAT on a timely basis.
Seven states and the District of Columbia have filed suit against the SEC challenging the agency’s Regulation Best Interest.
Cross-industry pressure for a federal data privacy law is building.