Legislation to modernize the Federal Home Loan Bank System took a big step forward last week as the House Banking Committee's capital markets subcommittee approved the bill 14-0.

Despite the unanimous vote, pockets of opposition exist, and the legislation's future is uncertain.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.