THOMAS MCCROCKLIN

1. Collateralized Loan Obligations (CLOs) - General issues concerning changes to the risk retention compliance requirements for CLOs. 2. Basel Capital and Liquidity Treatment for asset-backed securities - General issues concerning the appropriate treatment for bank investment in asset-backed securities under final Basel III capital and liquidity rules (includes the Liquidity Coverage Ratio, The Fundamental Review of the Trading Book, efforts to create "Simple, Transparent and Comparable" (STC) securitizations, STC treatment for short-term securitizations, and capital treatment of consolidated SPEs when risk transfer occurs). 3. Regulation AB II - Issues concerning disclosure requirements (current and potential) under the SEC's regulation AB II for all ABS asset classes, specifically auto, credit card, equipment lease and student loans. 4. General Dodd-Frank Implementation and Reform Efforts - Issues concerning the implementation of DFA final rules, including risk retention, the Liquidity Coverage Ratio (LCR), and uncleared swap margin rules; H.R. 10 (The Financial CHOICE Act), specifically risk retention provisions, Volcker Rule, arbitration clauses, lead regulator concept, and "valid when made" loan provisions; reform proposals as they relate to securitization and capital markets generally; S.2155 (Economic Growth, Regulatory Relief, and Consumer Protection Act), specifically provisions potentially related to securitization. 5. S.1642/H.R.3299 (Protecting Consumers' Access to Credit Act of 2017) - Issues concerning the effect on the secondary loan market and, by extension, securitizations. 6. Working with SFIG members and the Alternative Reference Rates Committee (ARRC) at the Federal Reserve Bank of New York to determine best path for transition away from LIBOR (in 2021, the U.K.s Financial Conduct Authority will stop compelling banks to report LIBOR). Richard Johns is a co-chair of the ARRCs Securitization Working Group which is meeting regularly with the goal of producing concrete recommendations on how best to effect the transition. 7. Asset-backed securities (ABS) disclosure: Published best practice recommendations, developed by industry participants, for the disclosure of asset data and pool performance for ABS collateralized by unsecured consumer loans. Shared and discussed report with US Department of the Treasury in connection with their forthcoming report on financial technology.

1. Collateralized Loan Obligations (CLOs) - General issues concerning changes to the risk retention compliance requirements for CLOs. 2. Basel Capital and Liquidity Treatment for asset-backed securities - General issues concerning the appropriate treatment for bank investment in asset-backed securities under final Basel III capital and liquidity rules (includes the Liquidity Coverage Ratio, The Fundamental Review of the Trading Book, efforts to create "Simple, Transparent and Comparable" (STC) securitizations, STC treatment for short-term securitizations, and capital treatment of consolidated SPEs when risk transfer occurs). 3. Regulation AB II - Issues concerning disclosure requirements (current and potential) under the SEC's regulation AB II for all ABS asset classes, specifically auto, credit card, equipment lease and student loans. 4. General Dodd-Frank Implementation and Reform Efforts - Issues concerning the implementation of DFA final rules, including risk retention, the Liquidity Coverage Ratio (LCR), and uncleared swap margin rules; H.R. 10 (The Financial CHOICE Act), specifically risk retention provisions, Volcker Rule, arbitration clauses, lead regulator concept, and "valid when made" loan provisions; reform proposals as they relate to securitization and capital markets generally; S.2155 (Economic Growth, Regulatory Relief, and Consumer Protection Act), specifically provisions potentially related to securitization. 5. S.1642/H.R.3299 (Protecting Consumers' Access to Credit Act of 2017) - Issues concerning the effect on the secondary loan market and, by extension, securitizations. 6. Working with SFIG members and the Alternative Reference Rates Committee (ARRC) at the Federal Reserve Bank of New York to determine best path for transition away from LIBOR (in 2021, the U.K.s Financial Conduct Authority will stop compelling banks to report LIBOR). Richard Johns is a co-chair of the ARRCs Securitization Working Group which is meeting regularly with the goal of producing concrete recommendations on how best to effect the transition. 7. Asset-backed securities (ABS) disclosure: Published best practice recommendations, developed by industry participants, for the disclosure of asset data and pool performance for ABS collateralized by unsecured consumer loans. Shared and discussed report with US Department of the Treasury in connection with their forthcoming report on financial technology.

1. GSE Reform - General issues related to the preservation of a federal guaranty and the TBA (To-Be-Announced) market; support for increased participation of private capital; discussions/proposals related to credit risk transfer (CRT). 2. General Housing Finance Issues - Issues concerning FHFA's efforts to implement both a single-security (SS) and common securitization platform (CSP), including increased risk sharing, transparency, and industry participation. 3. Private-Label Securities (PLS) - General issues related to support for industry agreed-upon solutions arrived at in its RMBS 3.0 project for inclusion as part of any new structure for the return of private-label mortgage-backed securities; issues related to the facilitation of deal agent initiatives (PLS initiatives). 4. TILA-RESPA Integrated Disclosure Rule (TRID) - General issues concerning clarity and implementation of CFPB rules. 5. Credit Score Competition Act - (H.R.898), specifically, supporting a free-market approach to the GSE's use of alternative credit models. 6. CFPB Regulatory Guidance - Proposals to reform the process by which the CFPB introduces and uses guidance in conjunction with regulation. 7. ATR/QM - General issues concerning loan origination and GSE underwriting standards. 8. False Claims Act - Advocating for the establishment of HUD guidelines to avoid/deter misuse of the FCA by the Dept. of Justice.

1. GSE Reform - General issues related to the preservation of a federal guaranty and the TBA (To-Be-Announced) market; support for increased participation of private capital; discussions/proposals related to credit risk transfer (CRT). 2. General Housing Finance Issues - Issues concerning FHFA's efforts to implement both a single-security (SS) and common securitization platform (CSP), including increased risk sharing, transparency, and industry participation. 3. Private-Label Securities (PLS) - General issues related to support for industry agreed-upon solutions arrived at in its RMBS 3.0 project for inclusion as part of any new structure for the return of private-label mortgage-backed securities; issues related to the facilitation of deal agent initiatives (PLS initiatives). 4. TILA-RESPA Integrated Disclosure Rule (TRID) - General issues concerning clarity and implementation of CFPB rules. 5. Credit Score Competition Act - (H.R.898), specifically, supporting a free-market approach to the GSE's use of alternative credit models. 6. CFPB Regulatory Guidance - Proposals to reform the process by which the CFPB introduces and uses guidance in conjunction with regulation. 7. ATR/QM - General issues concerning loan origination and GSE underwriting standards. 8. False Claims Act - Advocating for the establishment of HUD guidelines to avoid/deter misuse of the FCA by the Dept. of Justice.

1. Collateralized Loan Obligations (CLOs) - General issues concerning changes to the risk retention compliance requirements for CLOs. 2. Basel Capital and Liquidity Treatment for asset-backed securities - General issues concerning the appropriate treatment for bank investment in asset-backed securities under final Basel III capital and liquidity rules (includes the Liquidity Coverage Ratio, The Fundamental Review of the Trading Book, efforts to create "Simple, Transparent and Comparable" (STC) securitizations, STC treatment for short-term securitizations, and capital treatment of consolidated SPEs when risk transfer occurs). 3. Regulation AB II - Issues concerning disclosure requirements (current and potential) under the SEC's regulation AB II for all ABS asset classes, specifically auto, credit card, equipment lease and student loans. 4. General Dodd-Frank Implementation and Reform Efforts - Issues concerning the implementation of DFA final rules, including risk retention, the Liquidity Coverage Ratio (LCR), and uncleared swap margin rules; H.R. 10 (The Financial CHOICE Act), specifically risk retention provisions, Volcker Rule, arbitration clauses, lead regulator concept, and "valid when made" loan provisions; reform proposals as they relate to securitization and capital markets generally; S.2155 (Economic Growth, Regulatory Relief, and Consumer Protection Act), specifically provisions potentially related to securitization. 5. S.1642/H.R.3299 (Protecting Consumers' Access to Credit Act of 2017) - Issues concerning the effect on the secondary loan market and, by extension, securitizations. 6. Working with SFIG members and the Alternative Reference Rates Committee (ARRC) at the Federal Reserve Bank of New York to determine best path for transition away from LIBOR (in 2021, the U.K.s Financial Conduct Authority will stop compelling banks to report LIBOR). Richard Johns is a co-chair of the ARRCs Securitization Working Group which is meeting regularly with the goal of producing concrete recommendations on how best to effect the transition. 7. Asset-backed securities (ABS) disclosure: Published best practice recommendations, developed by industry participants, for the disclosure of asset data and pool performance for ABS collateralized by unsecured consumer loans. Shared and discussed report with US Department of the Treasury in connection with their forthcoming report on financial technology.

1. Collateralized Loan Obligations (CLOs) - General issues concerning changes to the risk retention compliance requirements for CLOs. 2. Basel Capital and Liquidity Treatment for asset-backed securities - General issues concerning the appropriate treatment for bank investment in asset-backed securities under final Basel III capital and liquidity rules (includes the Liquidity Coverage Ratio, The Fundamental Review of the Trading Book, efforts to create "Simple, Transparent and Comparable" (STC) securitizations, STC treatment for short-term securitizations, and capital treatment of consolidated SPEs when risk transfer occurs). 3. Regulation AB II - Issues concerning disclosure requirements (current and potential) under the SEC's regulation AB II for all ABS asset classes, specifically auto, credit card, equipment lease and student loans. 4. General Dodd-Frank Implementation and Reform Efforts - Issues concerning the implementation of DFA final rules, including risk retention, the Liquidity Coverage Ratio (LCR), and uncleared swap margin rules; H.R. 10 (The Financial CHOICE Act), specifically risk retention provisions, Volcker Rule, arbitration clauses, lead regulator concept, and "valid when made" loan provisions; reform proposals as they relate to securitization and capital markets generally; S.2155 (Economic Growth, Regulatory Relief, and Consumer Protection Act), specifically provisions potentially related to securitization. 5. S.1642/H.R.3299 (Protecting Consumers' Access to Credit Act of 2017) - Issues concerning the effect on the secondary loan market and, by extension, securitizations. 6. Working with SFIG members and the Alternative Reference Rates Committee (ARRC) at the Federal Reserve Bank of New York to determine best path for transition away from LIBOR (in 2021, the U.K.s Financial Conduct Authority will stop compelling banks to report LIBOR). Richard Johns is a co-chair of the ARRCs Securitization Working Group which is meeting regularly with the goal of producing concrete recommendations on how best to effect the transition. 7. Asset-backed securities (ABS) disclosure: Published best practice recommendations, developed by industry participants, for the disclosure of asset data and pool performance for ABS collateralized by unsecured consumer loans. Shared and discussed report with US Department of the Treasury in connection with their forthcoming report on financial technology.

1. Collateralized Loan Obligations (CLOs) - General issues concerning changes to the risk retention compliance requirements for CLOs. 2. Basel Capital and Liquidity Treatment for asset-backed securities - General issues concerning the appropriate treatment for bank investment in asset-backed securities under final Basel III capital and liquidity rules (includes the Liquidity Coverage Ratio, The Fundamental Review of the Trading Book, efforts to create "Simple, Transparent and Comparable" (STC) securitizations, STC treatment for short-term securitizations, and capital treatment of consolidated SPEs when risk transfer occurs). 3. Regulation AB II - Issues concerning disclosure requirements (current and potential) under the SEC's regulation AB II for all ABS asset classes, specifically auto, credit card, equipment lease and student loans. 4. General Dodd-Frank Implementation and Reform Efforts - Issues concerning the implementation of DFA final rules, including risk retention, the Liquidity Coverage Ratio (LCR), and uncleared swap margin rules; H.R. 10 (The Financial CHOICE Act), specifically risk retention provisions, Volcker Rule, arbitration clauses, lead regulator concept, and "valid when made" loan provisions; reform proposals as they relate to securitization and capital markets generally; S.2155 (Economic Growth, Regulatory Relief, and Consumer Protection Act), specifically provisions potentially related to securitization. 5. S.1642/H.R.3299 (Protecting Consumers' Access to Credit Act of 2017) - Issues concerning the effect on the secondary loan market and, by extension, securitizations. 6. Working with SFIG members and the Alternative Reference Rates Committee (ARRC) at the Federal Reserve Bank of New York to determine best path for transition away from LIBOR (in 2021, the U.K.s Financial Conduct Authority will stop compelling banks to report LIBOR). Richard Johns is a co-chair of the ARRCs Securitization Working Group which is meeting regularly with the goal of producing concrete recommendations on how best to effect the transition. 7. Asset-backed securities (ABS) disclosure: Published best practice recommendations, developed by industry participants, for the disclosure of asset data and pool performance for ABS collateralized by unsecured consumer loans. Shared and discussed report with US Department of the Treasury in connection with their forthcoming report on financial technology.

1. Collateralized Loan Obligations (CLOs) - General issues concerning changes to the risk retention compliance requirements for CLOs. 2. Basel Capital and Liquidity Treatment for asset-backed securities - General issues concerning the appropriate treatment for bank investment in asset-backed securities under final Basel III capital and liquidity rules (includes the Liquidity Coverage Ratio, The Fundamental Review of the Trading Book, efforts to create "Simple, Transparent and Comparable" (STC) securitizations, STC treatment for short-term securitizations, and capital treatment of consolidated SPEs when risk transfer occurs). 3. Regulation AB II - Issues concerning disclosure requirements (current and potential) under the SEC's regulation AB II for all ABS asset classes, specifically auto, credit card, equipment lease and student loans. 4. General Dodd-Frank Implementation and Reform Efforts - Issues concerning the implementation of DFA final rules, including risk retention, the Liquidity Coverage Ratio (LCR), and uncleared swap margin rules; H.R. 10 (The Financial CHOICE Act), specifically risk retention provisions, Volcker Rule, arbitration clauses, lead regulator concept, and "valid when made" loan provisions; reform proposals as they relate to securitization and capital markets generally; S.2155 (Economic Growth, Regulatory Relief, and Consumer Protection Act), specifically provisions potentially related to securitization. 5. S.1642/H.R.3299 (Protecting Consumers' Access to Credit Act of 2017) - Issues concerning the effect on the secondary loan market and, by extension, securitizations. 6. Working with SFIG members and the Alternative Reference Rates Committee (ARRC) at the Federal Reserve Bank of New York to determine best path for transition away from LIBOR (in 2021, the U.K.s Financial Conduct Authority will stop compelling banks to report LIBOR). Richard Johns is a co-chair of the ARRCs Securitization Working Group which is meeting regularly with the goal of producing concrete recommendations on how best to effect the transition. 7. Asset-backed securities (ABS) disclosure: Published best practice recommendations, developed by industry participants, for the disclosure of asset data and pool performance for ABS collateralized by unsecured consumer loans. Shared and discussed report with US Department of the Treasury in connection with their forthcoming report on financial technology.

H.R.1 (Tax Cuts and Jobs Act) - Provisions potentially impacting securitization structures and markets, including treatment of housing finance, student loans, like-kind exchanges, and lease arrangements.

1. Collateralized Loan Obligations (CLOs) - General issues concerning changes to the compliance requirements for CLOs, specifically, supporting a qualified CLO retention regime as an alternative to the final risk-retention rules. 2. Basel Capital and Liquidity Treatment for asset-backed securities - General issues concerning the appropriate treatment for bank investment in asset-backed securities under final Basel III capital and liquidity rules (includes the Liquidity Coverage Ratio, The Fundamental Review of the Trading Book, Step-In risk, and efforts to create "Simple, Transparent and Comparable" securitizations). 3. Regulation AB II - Issues concerning disclosure requirements (current and potential) under the SEC's regulation AB II for all ABS classes, such as auto, credit card, equipment lease and student loans. 4. General Dodd-Frank Implementation and Reform Efforts - Issues concerning the implementation of DFA final rules, including risk retention, the Liquidity Coverage Ratio (LCR), and uncleared swap margin rules; H.R. 10 (The Financial CHOICE Act), specifically risk retention provisions, Volcker Rule, arbitration clauses, lead regulator concept, and "valid when made" loan provisions; and reform proposals as they relate to securitization and capital markets generally.

1. Collateralized Loan Obligations (CLOs) - General issues concerning changes to the risk retention compliance requirements for CLOs. 2. Basel Capital and Liquidity Treatment for asset-backed securities - General issues concerning the appropriate treatment for bank investment in asset-backed securities under final Basel III capital and liquidity rules (includes the Liquidity Coverage Ratio, The Fundamental Review of the Trading Book, efforts to create "Simple, Transparent and Comparable" (STC) securitizations, STC treatment for short-term securitizations, and capital treatment of consolidated SPEs when risk transfer occurs). 3. Regulation AB II - Issues concerning disclosure requirements (current and potential) under the SEC's regulation AB II for all ABS asset classes, specifically auto, credit card, equipment lease and student loans. 4. General Dodd-Frank Implementation and Reform Efforts - Issues concerning the implementation of DFA final rules, including risk retention, the Liquidity Coverage Ratio (LCR), and uncleared swap margin rules; H.R. 10 (The Financial CHOICE Act), specifically risk retention provisions, Volcker Rule, arbitration clauses, lead regulator concept, and "valid when made" loan provisions; reform proposals as they relate to securitization and capital markets generally; S.2155 (Economic Growth, Regulatory Relief, and Consumer Protection Act), specifically provisions potentially related to securitization. 5. S.1642/H.R.3299 (Protecting Consumers' Access to Credit Act of 2017) - Issues concerning the effect on the secondary loan market and, by extension, securitizations.

1. Collateralized Loan Obligations (CLOs) - General issues concerning changes to the risk retention compliance requirements for CLOs. 2. Basel Capital and Liquidity Treatment for asset-backed securities - General issues concerning the appropriate treatment for bank investment in asset-backed securities under final Basel III capital and liquidity rules (includes the Liquidity Coverage Ratio, The Fundamental Review of the Trading Book, efforts to create "Simple, Transparent and Comparable" (STC) securitizations, STC treatment for short-term securitizations, and capital treatment of consolidated SPEs when risk transfer occurs). 3. Regulation AB II - Issues concerning disclosure requirements (current and potential) under the SEC's regulation AB II for all ABS asset classes, specifically auto, credit card, equipment lease and student loans. 4. General Dodd-Frank Implementation and Reform Efforts - Issues concerning the implementation of DFA final rules, including risk retention, the Liquidity Coverage Ratio (LCR), and uncleared swap margin rules; H.R. 10 (The Financial CHOICE Act), specifically risk retention provisions, Volcker Rule, arbitration clauses, lead regulator concept, and "valid when made" loan provisions; reform proposals as they relate to securitization and capital markets generally. 5. S.1642 (Protecting Consumer Access to Credit Act of 2017) - specifically, the effect on the secondary loan market and, by extension, securitizations.

1. GSE Reform - General issues related to the preservation of a federal guaranty and the TBA (To-Be-Announced) market; support for increased participation of private capital; discussions/proposals related to credit risk transfer (CRT) 2. General Housing Finance Issues - Issues concerning FHFA's efforts to implement both a single-security (SS) and common securitization platform (CSP), including increased risk sharing, transparency, and industry participation. 3. Mortgage REITs - Proposals supporting the allowance of mortgage REITs to fully invest in credit-risk sharing transactions created by either Fannie Mae or Freddie Mac. 4. Private-Label Securities (PLS) - General issues related to support for industry agreed-upon solutions arrived at in its RMBS 3.0 project for inclusion as part of any new structure for the return of private-label mortgage-backed securities; issues related to the facilitation of deal agent initiatives (PLS initiatives). 5. TILA-RESPA Integrated Disclosure Rule (TRID) - General issues concerning clarity and implementation of CFPB rules. 6. GSE FOIA Applicability - (H.R.298/H.R.1694), The Fannie and Freddie Open Records Act of 2017, specifically issues concerning scope of FOIA. 7. Credit Score Competition Act - (H.R.898), specifically, supporting a free-market approach to the GSE's use of alternative credit models. 8. CFPB Regulatory Guidance - Proposals to reform the process by which the CFPB introduces and uses guidance in conjunction with regulation.

1. GSE Reform - General issues related to the preservation of a federal guaranty and the TBA (To-Be-Announced) market; support for increased participation of private capital; discussions/proposals related to credit risk transfer (CRT) 2. General Housing Finance Issues - Issues concerning FHFA's efforts to implement both a single-security (SS) and common securitization platform (CSP), including increased risk sharing, transparency, and industry participation. 3. Mortgage REITs - Proposals supporting the allowance of mortgage REITs to fully invest in credit-risk sharing transactions created by either Fannie Mae or Freddie Mac. 4. Private-Label Securities (PLS) - General issues related to support for industry agreed-upon solutions arrived at in its RMBS 3.0 project for inclusion as part of any new structure for the return of private-label mortgage-backed securities; issues related to the facilitation of deal agent initiatives (PLS initiatives). 5. TILA-RESPA Integrated Disclosure Rule (TRID) - General issues concerning clarity and implementation of CFPB rules. 6. GSE FOIA Applicability - (H.R.298/H.R.1694), The Fannie and Freddie Open Records Act of 2017, specifically issues concerning scope of FOIA. 7. Credit Score Competition Act - (H.R.898), specifically, supporting a free-market approach to the GSE's use of alternative credit models. 8. CFPB Regulatory Guidance - Proposals to reform the process by which the CFPB introduces and uses guidance in conjunction with regulation.

1. Collateralized Loan Obligations (CLOs) - General issues concerning changes to the risk retention compliance requirements for CLOs. 2. Basel Capital and Liquidity Treatment for asset-backed securities - General issues concerning the appropriate treatment for bank investment in asset-backed securities under final Basel III capital and liquidity rules (includes the Liquidity Coverage Ratio, The Fundamental Review of the Trading Book, efforts to create "Simple, Transparent and Comparable" (STC) securitizations, STC treatment for short-term securitizations, and capital treatment of consolidated SPEs when risk transfer occurs). 3. Regulation AB II - Issues concerning disclosure requirements (current and potential) under the SEC's regulation AB II for all ABS asset classes, specifically auto, credit card, equipment lease and student loans. 4. General Dodd-Frank Implementation and Reform Efforts - Issues concerning the implementation of DFA final rules, including risk retention, the Liquidity Coverage Ratio (LCR), and uncleared swap margin rules; H.R. 10 (The Financial CHOICE Act), specifically risk retention provisions, Volcker Rule, arbitration clauses, lead regulator concept, and "valid when made" loan provisions; reform proposals as they relate to securitization and capital markets generally; S.2155 (Economic Growth, Regulatory Relief, and Consumer Protection Act), specifically provisions potentially related to securitization. 5. S.1642/H.R.3299 (Protecting Consumers' Access to Credit Act of 2017) - Issues concerning the effect on the secondary loan market and, by extension, securitizations.

1. GSE Reform - General issues related to the preservation of a federal guaranty and the TBA (To-Be-Announced) market; support for increased participation of private capital; discussions/proposals related to credit risk transfer (CRT) 2. General Housing Finance Issues - Issues concerning FHFA's efforts to implement both a single-security (SS) and common securitization platform (CSP), including increased risk sharing, transparency, and industry participation. 3. Mortgage REITs - Proposals supporting the allowance of mortgage REITs to fully invest in credit-risk sharing transactions created by either Fannie Mae or Freddie Mac. 4. Private-Label Securities (PLS) - General issues related to support for industry agreed-upon solutions arrived at in its RMBS 3.0 project for inclusion as part of any new structure for the return of private-label mortgage-backed securities; issues related to the facilitation of deal agent initiatives (PLS initiatives). 5. TILA-RESPA Integrated Disclosure Rule (TRID) - General issues concerning clarity and implementation of CFPB rules. 6. Credit Score Competition Act - (H.R.898), specifically, supporting a free-market approach to the GSE's use of alternative credit models. 7. CFPB Regulatory Guidance - Proposals to reform the process by which the CFPB introduces and uses guidance in conjunction with regulation.

1. GSE Reform - General issues related to the preservation of a federal guaranty and the TBA (To-Be-Announced) market; support for increased participation of private capital; discussions/proposals related to credit risk transfer (CRT). 2. General Housing Finance Issues - Issues concerning FHFA's efforts to implement both a single-security (SS) and common securitization platform (CSP), including increased risk sharing, transparency, and industry participation. 3. Mortgage REITs - Proposals supporting the allowance of mortgage REITs to fully invest in credit-risk sharing transactions created by either Fannie Mae or Freddie Mac. 4. Private-Label Securities (PLS) - General issues related to support for industry agreed-upon solutions arrived at in its RMBS 3.0 project for inclusion as part of any new structure for the return of private-label mortgage-backed securities; issues related to the facilitation of deal agent initiatives (PLS initiatives). 5. TILA-RESPA Integrated Disclosure Rule (TRID) - General issues concerning clarity and implementation of CFPB rules. 6. Credit Score Competition Act - (H.R.898), specifically, supporting a free-market approach to the GSE's use of alternative credit models. 7. CFPB Regulatory Guidance - Proposals to reform the process by which the CFPB introduces and uses guidance in conjunction with regulation.

1. GSE Reform - General issues related to the preservation of a federal guaranty and the TBA (To-Be-Announced) market; support for increased participation of private capital; discussions/proposals related to credit risk transfer (CRT). 2. General Housing Finance Issues - Issues concerning FHFA's efforts to implement both a single-security (SS) and common securitization platform (CSP), including increased risk sharing, transparency, and industry participation. 3. Private-Label Securities (PLS) - General issues related to support for industry agreed-upon solutions arrived at in its RMBS 3.0 project for inclusion as part of any new structure for the return of private-label mortgage-backed securities; issues related to the facilitation of deal agent initiatives (PLS initiatives). 4. TILA-RESPA Integrated Disclosure Rule (TRID) - General issues concerning clarity and implementation of CFPB rules. 5. Credit Score Competition Act - (H.R.898), specifically, supporting a free-market approach to the GSE's use of alternative credit models. 6. CFPB Regulatory Guidance - Proposals to reform the process by which the CFPB introduces and uses guidance in conjunction with regulation. 7. ATR/QM - General issues concerning loan origination and GSE underwriting standards. 8. False Claims Act - Advocating for the establishment of HUD guidelines to avoid/deter misuse of the FCA by the Dept. of Justice.

1. GSE Reform - General issues related to the preservation of a federal guaranty and the TBA (To-Be-Announced) market; support for increased participation of private capital; discussions/proposals related to credit risk transfer (CRT) 2. General Housing Finance Issues - Issues concerning FHFA's efforts to implement both a single-security (SS) and common securitization platform (CSP), including increased risk sharing, transparency, and industry participation. 3. Mortgage REITs - Proposals supporting the allowance of mortgage REITs to fully invest in credit-risk sharing transactions created by either Fannie Mae or Freddie Mac. 4. Private-Label Securities (PLS) - General issues related to support for industry agreed-upon solutions arrived at in its RMBS 3.0 project for inclusion as part of any new structure for the return of private-label mortgage-backed securities; issues related to the facilitation of deal agent initiatives (PLS initiatives). 5. TILA-RESPA Integrated Disclosure Rule (TRID) - General issues concerning clarity and implementation of CFPB rules. 6. GSE FOIA Applicability - (H.R.298/H.R.1694), The Fannie and Freddie Open Records Act of 2017, specifically issues concerning scope of FOIA. 7. Credit Score Competition Act - (H.R.898), specifically, supporting a free-market approach to the GSE's use of alternative credit models. 8. CFPB Regulatory Guidance - Proposals to reform the process by which the CFPB introduces and uses guidance in conjunction with regulation.

1. Collateralized Loan Obligations (CLOs) - General issues concerning changes to the risk retention compliance requirements for CLOs. 2. Basel Capital and Liquidity Treatment for asset-backed securities - General issues concerning the appropriate treatment for bank investment in asset-backed securities under final Basel III capital and liquidity rules (includes the Liquidity Coverage Ratio, The Fundamental Review of the Trading Book, efforts to create "Simple, Transparent and Comparable" (STC) securitizations, STC treatment for short-term securitizations, and capital treatment of consolidated SPEs when risk transfer occurs). 3. Regulation AB II - Issues concerning disclosure requirements (current and potential) under the SEC's regulation AB II for all ABS asset classes, specifically auto, credit card, equipment lease and student loans. 4. General Dodd-Frank Implementation and Reform Efforts - Issues concerning the implementation of DFA final rules, including risk retention, the Liquidity Coverage Ratio (LCR), and uncleared swap margin rules; H.R. 10 (The Financial CHOICE Act), specifically risk retention provisions, Volcker Rule, arbitration clauses, lead regulator concept, and "valid when made" loan provisions; reform proposals as they relate to securitization and capital markets generally. 5. S.1642 (Protecting Consumer Access to Credit Act of 2017) - specifically, the effect on the secondary loan market and, by extension, securitizations.

1. Collateralized Loan Obligations (CLOs) - General issues concerning changes to the risk retention compliance requirements for CLOs. 2. Basel Capital and Liquidity Treatment for asset-backed securities - General issues concerning the appropriate treatment for bank investment in asset-backed securities under final Basel III capital and liquidity rules (includes the Liquidity Coverage Ratio, The Fundamental Review of the Trading Book, efforts to create "Simple, Transparent and Comparable" (STC) securitizations, STC treatment for short-term securitizations, and capital treatment of consolidated SPEs when risk transfer occurs). 3. Regulation AB II - Issues concerning disclosure requirements (current and potential) under the SEC's regulation AB II for all ABS asset classes, specifically auto, credit card, equipment lease and student loans. 4. General Dodd-Frank Implementation and Reform Efforts - Issues concerning the implementation of DFA final rules, including risk retention, the Liquidity Coverage Ratio (LCR), and uncleared swap margin rules; H.R. 10 (The Financial CHOICE Act), specifically risk retention provisions, Volcker Rule, arbitration clauses, lead regulator concept, and "valid when made" loan provisions; reform proposals as they relate to securitization and capital markets generally; S.2155 (Economic Growth, Regulatory Relief, and Consumer Protection Act), specifically provisions potentially related to securitization. 5. S.1642/H.R.3299 (Protecting Consumers' Access to Credit Act of 2017) - Issues concerning the effect on the secondary loan market and, by extension, securitizations.

1. Collateralized Loan Obligations (CLOs) - General issues concerning changes to the risk retention compliance requirements for CLOs. 2. Basel Capital and Liquidity Treatment for asset-backed securities - General issues concerning the appropriate treatment for bank investment in asset-backed securities under final Basel III capital and liquidity rules (includes the Liquidity Coverage Ratio, The Fundamental Review of the Trading Book, efforts to create "Simple, Transparent and Comparable" (STC) securitizations, STC treatment for short-term securitizations, and capital treatment of consolidated SPEs when risk transfer occurs). 3. Regulation AB II - Issues concerning disclosure requirements (current and potential) under the SEC's regulation AB II for all ABS asset classes, specifically auto, credit card, equipment lease and student loans. 4. General Dodd-Frank Implementation and Reform Efforts - Issues concerning the implementation of DFA final rules, including risk retention, the Liquidity Coverage Ratio (LCR), and uncleared swap margin rules; H.R. 10 (The Financial CHOICE Act), specifically risk retention provisions, Volcker Rule, arbitration clauses, lead regulator concept, and "valid when made" loan provisions; reform proposals as they relate to securitization and capital markets generally; S.2155 (Economic Growth, Regulatory Relief, and Consumer Protection Act), specifically provisions potentially related to securitization. 5. S.1642/H.R.3299 (Protecting Consumers' Access to Credit Act of 2017) - Issues concerning the effect on the secondary loan market and, by extension, securitizations.

1. Collateralized Loan Obligations (CLOs) - General issues concerning changes to the compliance date for CLOs related to the Volcker rule through Title VIII of the Promoting Job Creation and Reducing Small Business Burdens Act (Act) of 2015; H.R. 4166, Expanding Proven Financing for American Employers Act, supports a qualified CLO retention regime as an alternative to the final risk-retention rules. 2. Basel Capital and Liquidity Treatment for asset-backed securities - General issues concerning the appropriate treatment for bank investment in asset-backed securities under final Basel III capital and liquidity rules (includes the Liquidity Coverage Ratio, The Fundamental Review of the Trading Book, Step-In risk, and efforts to create "Simple, Transparent and Comparable" securitizations). 3. General issues concerning an exemption from posting margin for uncleared swaps to be included in final prudential regulations, specifically that non-captive finance companies and financial institutions should receive the same exemption that captive finance companies received. 4. Marketplace Lending - General issues concerning securitization regulation as it relates to marketplace lending prior to making new regulatory or legislative decisions for this new form of funding. 5. Regulation AB II - Issues concerning disclosure requirements (current and potential) under the SEC's regulation AB II for all ABS classes, such as auto, credit card, equipment lease and student loans. 6. General Dodd-Frank Reform Efforts - Issues concerning the implementation of DFA final rules, including risk retention, LCR, NRSRO, Derivatives and Swaps; reform proposals as they relate to securitization and capital markets generally; H.R. 4620, the Preserving Access to CRE Capital Act of 2016.

1. Collateralized Loan Obligations (CLOs) - General issues concerning changes to the compliance requirements for CLOs (H.R. 4166, Expanding Proven Financing for American Employers Act - supporting a qualified CLO retention regime as an alternative to the final risk-retention rules). 2. Basel Capital and Liquidity Treatment for asset-backed securities - General issues concerning the appropriate treatment for bank investment in asset-backed securities under final Basel III capital and liquidity rules (includes the Liquidity Coverage Ratio, The Fundamental Review of the Trading Book, Step-In risk, and efforts to create "Simple, Transparent and Comparable" securitizations). 3. Marketplace Lending - General issues concerning securitization regulation as it relates to marketplace lending prior to making new regulatory or legislative decisions for this new form of funding. 4. Regulation AB II - Issues concerning disclosure requirements (current and potential) under the SEC's regulation AB II for all ABS classes, such as auto, credit card, equipment lease and student loans. 5. General Dodd-Frank Reform Efforts - Issues concerning the implementation of DFA final rules, including risk retention and the Liquidity Coverage Ratio (LCR); reform proposals as they relate to securitization and capital markets generally; H.R. 5983, The Financial CHOICE Act of 2016, specifically provisions related to risk retention and arbitration clauses in financial contracts. 6. Proposed rulemaking concerning single counterparty credit limits.

1. Collateralized Loan Obligations (CLOs) - General issues concerning changes to the compliance requirements for CLOs (H.R. 4166, Expanding Proven Financing for American Employers Act - supporting a qualified CLO retention regime as an alternative to the final risk-retention rules). 2. Basel Capital and Liquidity Treatment for asset-backed securities - General issues concerning the appropriate treatment for bank investment in asset-backed securities under final Basel III capital and liquidity rules (includes the Liquidity Coverage Ratio, The Fundamental Review of the Trading Book, Step-In risk, and efforts to create "Simple, Transparent and Comparable" securitizations). 3. Marketplace Lending - General issues concerning securitization regulation as it relates to marketplace lending prior to making new regulatory or legislative decisions for this new form of funding. 4. Regulation AB II - Issues concerning disclosure requirements (current and potential) under the SEC's regulation AB II for all ABS classes, such as auto, credit card, equipment lease and student loans. 5. General Dodd-Frank Reform Efforts - Issues concerning the implementation of DFA final rules, including risk retention and the Liquidity Coverage Ratio (LCR); reform proposals as they relate to securitization and capital markets generally; H.R. 5983, The Financial CHOICE Act of 2016, specifically provisions related to risk retention and arbitration clauses in financial contracts. 6. Proposed rulemaking concerning single counterparty credit limits.

1. Collateralized Loan Obligations (CLOs) - General issues concerning changes to the compliance date for CLOs related to the Volcker rule through Title VIII of the Promoting Job Creation and Reducing Small Business Burdens Act (Act) of 2015; H.R. 4166, Expanding Proven Financing for American Employers Act, supports a qualified CLO retention regime as an alternative to the final risk-retention rules. 2. Basel Capital and Liquidity Treatment for asset-backed securities - General issues concerning the appropriate treatment for bank investment in asset-backed securities under final Basel III capital and liquidity rules (includes the Liquidity Coverage Ratio, The Fundamental Review of the Trading Book, Step-In risk, and efforts to create "Simple, Transparent and Comparable" securitizations). 3. General issues concerning an exemption from posting margin for uncleared swaps to be included in final prudential regulations, specifically that non-captive finance companies and financial institutions should receive the same exemption that captive finance companies received. 4. Marketplace Lending - General issues concerning securitization regulation as it relates to marketplace lending prior to making new regulatory or legislative decisions for this new form of funding. 5. Regulation AB II - Issues concerning disclosure requirements (current and potential) under the SEC's regulation AB II for all ABS classes, such as auto, credit card, equipment lease and student loans. 6. General Dodd-Frank Reform Efforts - Issues concerning the implementation of DFA final rules, including risk retention, LCR, NRSRO, Derivatives and Swaps; reform proposals as they relate to securitization and capital markets generally; H.R. 4620, the Preserving Access to CRE Capital Act of 2016.

1. Collateralized Loan Obligations (CLOs) - General issues concerning changes to the compliance requirements for CLOs (H.R. 4166, Expanding Proven Financing for American Employers Act - supporting a qualified CLO retention regime as an alternative to the final risk-retention rules). 2. Basel Capital and Liquidity Treatment for asset-backed securities - General issues concerning the appropriate treatment for bank investment in asset-backed securities under final Basel III capital and liquidity rules (includes the Liquidity Coverage Ratio, The Fundamental Review of the Trading Book, Step-In risk, and efforts to create "Simple, Transparent and Comparable" securitizations). 3. Marketplace Lending - General issues concerning securitization regulation as it relates to marketplace lending prior to making new regulatory or legislative decisions for this new form of funding. 4. Regulation AB II - Issues concerning disclosure requirements (current and potential) under the SEC's regulation AB II for all ABS classes, such as auto, credit card, equipment lease and student loans. 5. General Dodd-Frank Reform Efforts - Issues concerning the implementation of DFA final rules, including risk retention and the Liquidity Coverage Ratio (LCR); reform proposals as they relate to securitization and capital markets generally; H.R. 5983, The Financial CHOICE Act of 2016, specifically provisions related to risk retention and arbitration clauses in financial contracts. 6. Proposed rulemaking concerning single counterparty credit limits.

1. Collateralized Loan Obligations (CLOs) - General issues concerning changes to the compliance requirements for CLOs (H.R. 4166, Expanding Proven Financing for American Employers Act - supporting a qualified CLO retention regime as an alternative to the final risk-retention rules). 2. Basel Capital and Liquidity Treatment for asset-backed securities - General issues concerning the appropriate treatment for bank investment in asset-backed securities under final Basel III capital and liquidity rules (includes the Liquidity Coverage Ratio, The Fundamental Review of the Trading Book, Step-In risk, and efforts to create "Simple, Transparent and Comparable" securitizations). 3. Marketplace Lending - General issues concerning securitization regulation as it relates to marketplace lending prior to making new regulatory or legislative decisions for this new form of funding. 4. Regulation AB II - Issues concerning disclosure requirements (current and potential) under the SEC's regulation AB II for all ABS classes, such as auto, credit card, equipment lease and student loans. 5. General Dodd-Frank Reform Efforts - Issues concerning the implementation of DFA final rules, including risk retention and the Liquidity Coverage Ratio (LCR); reform proposals as they relate to securitization and capital markets generally; H.R. 5983, The Financial CHOICE Act of 2016, specifically provisions related to risk retention and arbitration clauses in financial contracts. 6. Proposed rulemaking concerning single counterparty credit limits.

1. GSE Reform - General issues related to the preservation of a federal guaranty and the TBA (To-Be-Announced) market; support for increased participation of private capital; discussions/proposals related to credit risk transfer (CRT) 2. General Housing Finance Issues - Issues concerning FHFA's efforts to implement both a single-security (SS) and common securitization platform (CSP), including increased risk sharing, transparency, and industry participation. 3. Mortgage REITs - H.R. 6487, The Taxpayer Protection and Market Access for Mortgage Finance Act, specifically provisions supporting the allowance of mortgage REITs to fully invest in credit-risk sharing transactions created by either Fannie Mae or Freddie Mac. 4. Private-Label Securities (PLS) - General issues related to support for industry agreed-upon solutions arrived at in its RMBS 3.0 project for inclusion as part of any new structure for the return of private-label mortgage-backed securities; issues related to the facilitation of deal agent initiatives (PLS initiatives). 5. TILA-RESPA Integrated Disclosure Rule (TRID) - General issues concerning clarity and implementation of CFPB rules.