Legislation that would delay flood insurance rate hikes unlikely to pass in the House as written.
Fed nominee says larger banks in line for more regulation.
National Flood Insurance Program unaffected by shutdown as rate hikes kick in.
Sens. Mark Warner (D-Va.) and Bob Corker (R-Tenn.) introduced legislation June 26 that would reform America’s housing finance system by replacing the government-sponsored enterprises Fannie Mae and Freddie Mac with a privately capitalized system.
Senate gets measure Tuesday that would shut down Fannie Mae, Freddie Mac and FHFA within five years and create new corporation similar to FDIC.
Although some of the names are still unofficial, party choices for Senate committees that affect credit unions are starting to emerge.