On February 24, 2020, the Federal Housing Finance Agency issued a Request for Input (RFI) soliciting guidance from the public on a series of questions regarding the safety and soundness and mission implications of both the current Federal Home Loan Bank (FHLB) membership requirements and any potential future changes.
At present, sixty non-depository CDFIs are members of the FHLB system so OFN is following this issue closely. Jennifer A. Vasiloff, OFN’s chief external affairs officer, and Joe Neri, CEO of OFN member IFF, were interviewed on the subject in an American Banker article published on March 1, “Should regulators close the door to new FHLB entrants, or open it wide?” (subscription required)
Comments are due to the FHFA by June 23, 2020. For more information, contact OFN’s senior associate for public policy Jamal Habibi at email@example.com or 202-318-0849.