Senators Banks, Cortez Masto introduce legislation to address excessive executive pay within Federal Home Loan Banks System

Senators Unveil Bill to Adjust FHLBank Executive Pay - The MortgagePoint

"Federal Home Loan Banks exist to help Americans buy homes, not to pad the pockets of executives,” said Senator Jim Banks, R-Ind. "This bill keeps FHLBs on mission and empowers President Trump and FHFA Director Pulte to eliminate excessive pay and waste of government resources."

Senators Banks, Cortez Masto introduce legislation to address excessive executive pay within Federal Home Loan Banks System

WASHINGTON, D.C – Today, Senators Jim Banks (R-Ind.) and Catherine Cortez Masto (D-Nev.) introduced the Curbing Unreasonable Renumeration at Banks Act. This bipartisan legislation grants the Director of the Federal Housing Finance Agency the authority to set reasonable compensation levels for senior executives. Over the years, the Federal Home Loan Banks’ mission of supporting affordable housing and community lending has taken a back seat to inc…