On July 27, 2023, the federal banking agencies approved a notice of proposed rulemaking to implement the remaining Basel III framework, referred to as the Basel III endgame.
On July 26, 2023, the Consumer Financial Protection Bureau (CFPB) issued its Summer 2023 Supervisory Highlights describing key findings and violations identified during examinations.
In 2018, Congress instructed the Consumer Financial Protection Bureau (CFPB) to issue ability-to-repay regulations for property assessed clean energy (PACE) financing.
2023 has seen higher levels of real estate loan delinquencies. With more headwinds on the horizon, including reduced mark to market valuations for some real estate asset classes.