Washington Report 360 | September 27, 2019

SAFE Banking Act passed; SEC adopted regulatory framework; Banking agencies issue final rule; GSE investors seek SCOTUS ruling on FHFA.

Key highlights

  • The House of Representatives passed the Secure and Fair Enforcement (SAFE) Banking Act, which would provide a safe harbor to financial institutions that provide financial services to state-authorized and regulated cannabis businesses and their service providers. A related bill is being considered in the Senate.
  • The SEC adopted a new regulatory framework for exchange-traded funds (ETFs) that eliminate the exemptive-relief requirement and standardizes conditions for transparency and disclosure.
  • The FRB, OCC, and FDIC issue a final rule increasing the threshold for residential real estate transactions requiring an appraisal from $250,000 to $400,000.
  • GSE investors seek Supreme Court ruling on constitutionality of FHFA single director structure.

Financial services legislative and regulatory news


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