Federal regulators are constantly researching products, fees
and policies to assess whether they align with current laws and regulations.
Two agencies recently published reports that could be of interest to secondary
market participants and consumers with health savings accounts.
Find out more about these studies, as well as other recent
developments from regulatory agencies that may have evaded the major news
headlines:
FHFA issues annual report on single-family guarantee fees
The Federal Housing Finance Agency (FHFA) issued its annual
report on single-family guarantee fees charged by Fannie Mae and Freddie Mac.
Guarantee fees are intended to cover the expected credit losses, administrative
costs and cost of capital that the enterprises incur when they acquire
single-family loans from lenders. The report analyzes loans acquired by the
enterprises in 2022 by product type, risk class and lender delivery volume,
including a comparison to similar data from loans acquired in 2021. Learn more
about the report here.
CFPB researchers study HSA financial products
The Consumer Financial Protection Bureau (CFPB) published
an analysis about health savings accounts (HSAs) often used in
conjunction with high-deductible health insurance plans. CFPB researchers found
that while the tax benefits associated with HSAs may add value for some
consumers, HSAs also present increased costs, primarily in the form of fees and
low interest rates. Its report examines the unique characteristics of HSAs and
evaluates consumer experiences in the HSA market. Read the complete report
here.
NCUA opens DEI summit registration
Registration is now open for the National Credit Union
Administration’s (NCUA) fifth summit focused on diversity, equity, and
inclusion (DEI) initiatives. The in-person event will take place July 9–11 at
the Hilton Minneapolis in Minneapolis. The theme of this year’s summit is “DEI:
Here to Stay.” The summit will include sessions discussing the value
proposition of DEI in the credit union industry and at the NCUA, as well as
best practices, solutions to industry-specific challenges and networking
opportunities. Learn more here.
FDIC announces personnel changes
The Federal Deposit Insurance Corp. (FDIC) recently announced
several new personnel changes. The agency appointed Jessica Kaemingk as
regional director, Kansas City Region, and John Vogel as regional director, New
York Region. In these roles, Kaemingk and Vogel direct both risk
management and consumer protection supervision programs for financial
institutions headquartered in their respective regions. The FDIC also
appointed Lisa Roy as deputy director of operations in the division of risk
management supervision (RMS). In this position, Roy is tasked with directing strategic
planning, budgeting, financial management, training, communications,
governance, internal controls and supervision technology management for RMS.
Find out more about these new FDIC employees here.