Housing Finance Agency’s proposal to loosen regulation of new business activities by the Federal Home Loan Banks generally showed support for the changes but recommended further exclusions from the definition of “new business activities.” The comment period ended on Oct. 24 and the FHLBanks commended the FHFA for its “thoughtful proposal.” Nevertheless, it noted that it would still like to see the agency adopt proposed enhancements to the new business activity regulation. Back in 2013, the FHLBanks wrote the FHFA about their concerns with the burden of existing regulations. The FHLBanks said that the broad scope of the rule requires them to spend a large amount of time and effort determining whether a proposed activity is...