To date, the majority of credit risk sharing activity by the GSEs has been the back end variety. Representatives Stivers and Moore want to know if the FHFA plans to incorporate more front end risk sharing.
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Bipartisan Legislation Introduced to Create Independent Inspector General for CFPB
One of the major complaints of the Consumer Financial Protection Bureau (CFPB)'s critics is a lack of Congressional oversight for the Bureau. Lawmakers have re-introduced a bipartisan bill in the U.S. House of Representatives in an attempt to change that. U.S. Representative Steve Stivers (R-Ohio), along with U.S. Representative Tim Walz (D-Minnesota) re-introduced the Bureau of Consumer Financial Protection-Inspector General Act of 2015, a bill that would create the position of an independent Inspector General for the CFPB.
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