General World News

Former FHFA exec Jason Cave says FSOC report is a ‘tall order’ for states

A recently released report from the Financial Stability Oversight Council (FSOC) that identifies vulnerabilities at nonbank mortgage servicers and makes some recommendations to avoid systemic risk is a ”tall order” for state regulators but isn’t only a ”wishful list,” according to Jason Cave, senior consultant at Patomak Global Partners

Cave spent nearly three decades in executive roles at the Federal Deposit Insurance Corp. (FDIC), including as a representative on the deputies committee of the FSOC, where he helped to build its nonbank designation program. After that, he spent about three years at the Federal Housing Finance Agency (FHFA), where details ⇒

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