Editor: David Reiss
Brooklyn Law School

May 5, 2015

Tuesday’s Regulatory & Legislative Round-Up

By Serenna McCloud

  • House Appropriations Subcommittee on Transportation, Housing and Urban Development (THUD) approved its fiscal year (FY) 2016 appropriations bill.
  • Federal Housing Finance Agency (FHFA) has adopted a final rule requiring the Federal Home Loan Banks (Banks) and the Office of Finance to include demographic data related to their boards of directors in their annual minority and women inclusion reports to FHFA.  The final rule also requires that the Banks and the Office of Finance include a description of their outreach activities and strategies to promote diversity in nominating or soliciting nominees for positions on boards of directors.
  • Six federal financial regulatory agencies today issued a final rule that implements minimum requirements for state registration and supervision of appraisal management companies (AMCs).  An AMC is an entity that provides appraisal management services to lenders or underwriters or other principals in the secondary mortgage markets.
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