FHFA Issues Joint Rulemaking on Financial Data Transparency Act Data Standards
Washington, D.C. – Today, the Federal Housing Finance Agency (FHFA) joined eight other agencies to announce that it is seeking comment on a proposed rule to establish data standards for certain information collected by financial regulatory agencies. FHFA joins the Office of the Comptroller of the Currency, the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Consumer Financial Protection Bureau, the Commodity Futures Trading Commission, the Securities and Exchange Commission, and the Department of the Treasury in proposing this rule.
The proposed rule is part of the implementation of the Financial Data Transparency Act of 2022. Once the data standards are established via the final joint rule, FHFA would issue a separate agency rule that describes how it will adopt relevant standards for certain information collected by FHFA.
FHFA invites comments on the proposed rule within 60 days of its publication in the Federal Register.
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The Federal Housing Finance Agency regulates Fannie Mae, Freddie Mac, and the 11 Federal Home Loan Banks. These government-sponsored enterprises provide more than $8.4 trillion in funding for the U.S. mortgage markets and financial institutions. Additional information is available at www.FHFA.gov, on Twitter @FHFA, YouTube, Facebook, and LinkedIn.
Contacts: MediaInquiries@FHFA.gov
