Followers | 45 |
Posts | 7114 |
Boards Moderated | 0 |
Alias Born | 07/18/2020 |
Sunday, November 20, 2022 2:26:11 PM
FHFA’s funding structure is more problematic than that of the CFPB. The CFPB is allowed to
collect and spend no more than 12% of the Federal Reserve’s budget. 12 U.S.C. § 549(a)(1). In
contrast, FHFA can impose any assessment on Fannie, Freddie, and the Federal Home Loan Banks
that its Director deems “sufficient to provide for reasonable costs . . . and expenses,” 12 U.S.C.
§ 4516(a), and “necessary . . . to maintain a working capital fund,” 12 U.S.C. § 4516(a)(3). In
practical terms, that amounts to an unlimited power to collect and spend money, for FHFA
regulates entities that have over $8 trillion of assets from which it may freely draw. Statement of
Sandra L. Thompson, FHFA Director, Before the House Comm. On Fin. Servs. (July 20, 2022)
https://bit.ly/3AnDFVq (last visited Aug. 15, 2022)."
Maybacks Global Entertainment and Lingerie Fighting Championships Enter Into Broadcast And Revenue Sharing Agreement • AHRO • Sep 26, 2024 8:30 AM
North Bay Resources Commences Operations at Bishop Gold Mill, Inyo County, California; Engages Sabean Group Management Consulting • NBRI • Sep 25, 2024 9:15 AM
CEO David B. Dorwart Anticipates a Bright Future at Good Gaming Inc. Through His Most Recent Shareholder Update • GMER • Sep 25, 2024 8:30 AM
Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • BLOZF • Sep 24, 2024 8:50 AM
Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • INTV • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM