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Affordable Housing Banks Banking Sector

Mintz - ML Strategies

2024 Pre-Election Analysis: Financial Services

Mintz - ML Strategies on

Financial services encompass a wide range of services offered by the nation’s financial institutions, including banking, mortgage, investment, and credit services. The next administration and Congress’s financial services...more

Orrick, Herrington & Sutcliffe LLP

FHLBs urged to increase affordable housing, community economic development allocations

On July 30, senators from several states sent letters to multiple FHLBs urging them to require their respective banks to allocate at least 20 percent of their net income to affordable housing and community economic...more

Orrick, Herrington & Sutcliffe LLP

FHFA requests information on its FHLBank Affordable Housing Program

On June 20, FHFA released its request for input (RFI) on the application process for the Federal Home Loan Banks’ (FHLBanks) Affordable Housing Program (AHP). FHFA invited input on all aspects of the AHP application process,...more

Orrick, Herrington & Sutcliffe LLP

FHFA releases advisory bulletin for pilot and voluntary programs

On November 13, FHFA released an advisory bulletin on the FHLBank Framework for Pilot and Voluntary Programs. The desire for FHFA to develop innovative pilot programs is to support “affordable housing, equity advancement, and...more

Goodwin

Financial Services Weekly News - April 2017 #2

Goodwin on

Editor's Note - Removal for Cause or Business as Usual? On April 5, Consumer Financial Protection Bureau (CFPB) Director Richard Cordray testified before the House Financial Services Committee to give his semi-annual...more

Bilzin Sumberg

Banks Get Big Win in Challenge to New York Ordinance

Bilzin Sumberg on

Many big cities in the United States responded to the fallout from the 2008 financial crisis by passing local laws which pressure banks to invest more in low-income neighborhoods. Between 2010 and 2013, cities such as New...more

Ballard Spahr LLP

ABA seeks supervisory and enforcement standards consistent with Inclusive Communities

Ballard Spahr LLP on

The American Bankers Association has sent a letter to the DOJ, Fed, OCC, FDIC, HUD and CFPB requesting confirmation “in interagency guidance, updated exam procedures, and where appropriate amended regulations that the...more

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