On Friday, March 31st, SFIG and other trade associations were invited to speak with the staff of the House Financial Services Subcommittee on Housing and Insurance and provide feedback on a proposed bill that would change the process by which regulators, specifically the CFPB, would provide guidance in conjunction with rulemaking. The proposed bill would provide more clarity for industry participants as they comply with new regulations.
Earlier that day, SFIG was invited by the House Financial Services Committee to participate in a briefing hosted by Committee senior staff. The discussion centered on a review of the first quarter, as well as a look ahead to the Committee's priorities and legislative agenda. Flood insurance, CHOICE 2.0, and housing finance reform remain top priorities for the Committee in 2017. SFIG will continue to work closely with the committee and its members to be a resource and help shape policy affecting the securitization industry.