WASHINGTON—The Federal Housing Finance Agency (FHFA) has issued a request for comment on the agency's regulations in an attempt to improve its effectiveness and reduce the regulatory burden, the agency said.
This is part of the FHFA's five-year regulatory review process.
The FHFA's regulatory review plan requests public feedback on ways to reduce regulatory overlap, possible approaches that would be less burdensome than current regulation and how to clarify requirements, NAFCU noted.
As part of the agency's 2018 regulatory review, all current regulations – except those adopted or substantially amended since 2016 – are subject to review by the FHFA, though stakeholders can provide comment on any regulation. During the FHFA's 2013 regulatory review, the agency reviewed 44 regulations.
NAFCU noted that it has previously offered feedback to the FHFA on the government-sponsored enterprises' (GSEs) housing goals for 2018-2020, as well as the agency's strategic plan for the same period, to ensure credit unions are heard and represented in the agency's regulatory strategy efforts. NAFCU said it will review the FHFA's request for comment.