The Council of Federal Home Loan Banks submitted a comment letter to the Federal Housing Finance Agency (FHFA) in response to the agency’s notice of proposed rulemaking repeal of the Federal Home Loan Bank New Business Activity regulation, 12 C.F.R. Part 1272.
The letter conveys the FHLBank System’s support for repeal of the regulation and commends FHFA for undertaking a review of regulations to ensure they are necessary, effective, and consistent with current law. To view the letter, click here: FHLBanks’ Letter on Repeal of New Business Activity Regulation