The House of Representatives is scheduled this week to take up its financial reform bill, the Wall Street Reform and Consumer Protection Act of 2009, which, unfortunately, contains several elements that would harm the Federal Home Loan Bank System, its members and the communities they serve.

For more than 70 years, the Federal Home Loan banks have provided liquidity and stability to finance housing and economic development in good times and bad. About 80% of U.S. lending institutions rely on these cooperatives for low-cost funds, and these low costs are passed on to consumers and communities.

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.