Warren, Tillis look to enforce GSE salary caps

Warren, Tillis look to enforce GSE salary caps A bipartisan proposal would allow for the removal of the FHFA director if the agency approves CEO salary increases at Fannie and Freddie beyond $600,000.

Warren, Tillis look to enforce GSE salary caps By Neil Haggerty published april 12 2019, 2:44pm EDT WASHINGTON – Two members of the Senate Banking Committee have introduced bipartisan legislation to enforce the salary caps of the chief executives at the mortgage giants fannie mae and Freddie Mac..

Regulators want Fannie Mae and Freddie Mac to build up massive amounts of capital before being freed from government control. Freddie’s outgoing chief executive officer says that’s easier said than.

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Warren, Tillis look to enforce GSE salary caps A bipartisan proposal would allow for the removal of the FHFA director if the agency approves CEO salary increases at Fannie and Freddie beyond $600,000.

Will this still look like political grandstanding, even if there is a deal with broader agreement? Democrats are working hard to make that view the prevailing interpretation, and at this point they.

Warren, Tillis look to enforce GSE salary caps – amrank.info – WASHINGTON – Two members of the Senate Banking Committee have introduced bipartisan legislation to enforce the salary caps of the chief executives at the mortgage giants Fannie Mae and Freddie Mac. Sens. Elizabeth Warren, D-Mass., and Thom Tillis, R-N.C., have introduced the Respect the Caps Act, which would explicitly bar Fannie and Freddie from transferring [.]

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The name of the bill says it all. The bipartisan "Respect the Caps Act", introduced this week by Senate Banking Committee members Thom Tillis, R-NC, and Elizabeth Warren, D-MA, is intended to enforce the salary caps Congress imposed on the CEOs of Fannie Mae and Freddie Mac in 2015. The caps came in the wake of the financial crisis.

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