ABA Offers Fixes to Senate Banking GSE Bill
American Banker - April 22, 2014
April 18, 2014
By Victoria Finkle
The American Bankers Association recommended several fixes Thursday for the mortgage overhaul bill pending in the Senate Banking Committee.
The letter comes ahead of a scheduled April 29 vote on the bill, which was unveiled by Sens. Tim Johnson, D-S.D., chairman of the banking panel, and Mike Crapo of Idaho, its ranking Republican, last month. The bipartisan plan would unwind government-sponsored enterprises Fannie Mae and Freddie Mac and establish a private secondary market backed by a government guarantee in the event of catastrophic losses.
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