Fannie, Fintech Face Congress With Wall Street Watching Closely
- Senate examines whether Fannie, Freddie should be named SIFIs
- House plans to discuss how to oversee a fintech ‘revolution’
A pedestrian walks past the Fannie Mae headquarters in Washington.
Photographer: Andrew Harrer/BloombergThis article is for subscribers only.
Analysts will be scrutinizing separate hearings on Tuesday for signals on the future of housing finance and financial technology.
At 10 a.m., the Senate Banking Committee will hold a hearing titled, “Should Fannie Mae and Freddie Mac Be Designated as Systemically Important Financial Institutions?” Fannie and Freddie shares have soared so far this year amid optimism the Trump administration will move to release them from government control.