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Sixth Circuit hears FHFA conservatorship case
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Case Law, Government Oversight, Nonbank Financial
Tuesday, October 18, 2022
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The Sixth Circuit Court of Appeals reinstated a lawsuit brought by Fannie Mae and Freddie Mac (GSEs) shareholders against the Federal Housing Finance Agency and the Department of the Treasury regarding the 2012 amendment to the 2008 conservatorship of the GSEs.
The shareholders maintain that following a 2021 Supreme Court case, the FHFA’s unconstitutional removal restrictions inflicted harm.
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