FHLB Community Support Amendments

FHLB Community Support Amendments February 8, 2012
CUNA is generally opposed to the FHFA's proposed rule which would amend the community support regulation to require the Federal Home Loan Banks (FHLB), as opposed to the FHFA, to monitor and assess the eligibility of each FHLB member for access to long-term advances through compliance with the Community Reinvestment Act of 1977 and first-time homebuyer standards. CUNA has significant concerns that the proposed rule would require the FHLBs to act as regulators of their members, if finalized as proposed.
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