Lending and Leasing

FSR Advocates on behalf of members that provide consumer and small business loans and leases, mortgage lending and servicing, as well as members that invest in these assets.

Potential Restrictions to Physical Commodity Activities Will Drive Up Prices for Consumers

April 17, 2014

“State laws already adequately regulate insurance companies, including commodities activities. The Federal Reserve does not need to burden the system by duplicating those safeguards,” said FSR VP and Senior Counsel of Legislative & Regulatory Affairs Rich Foster. “Such duplicative regulations are unnecessary and they will not only slow business expansion but will also result in higher prices for common household goods.”

Comment Letter re: Physical Commodities Activities of Financial Holding Companies ANPR, 4-16-14

April 16, 2014

The Financial Services Roundtable welcomes the opportunity to provide comments on the above-cited advanced notice of proposed rulemaking (“ANPR”) issued by the Board of Governors of the Federal Reserve System on January 21, 2014. The ANPR requests public comment on various issues related to physical commodities activities conducted by financial holding companies and the restrictions imposed on these activities to ensure they are conducted in a safe and sound manner and consistent with applicable law.

Letter re: OCC Guidelines on Heightened Standards for Large Insured National Banks & Insured Federal Savings Associations

March 28, 2014

The purpose of the Proposed Guidelines is to establish minimum standards for the design and implementation of risk governance frameworks of insured national banks, Federal savings associations, and insured Federal branches of foreign banks, with average total consolidated assets of $50 billion or more (together, Bank) and minimum standards for directors overseeing framework designs and implementation.

FSR: Action on Housing Finance Reform Encouraging

March 27, 2014

“This is another demonstration that Congress is serious about the need to reform the housing finance system by winding down Fannie Mae and Freddie Mac and replacing them with a new structure that provides more private capital and maintains liquidity,” said FSR’s Housing Policy Council President John Dalton.