Editor's Note: This is a monthly publication on economic trends and financial policy issues. In this publication you can read "The Longbrake Letter", an analysis of economic trends and conditions written by Bill Longbrake, as well as commentary on financial regulation and policy written by members of the law firm Barnett, Sivon & Natter, P.C., a Washington, DC based law firm that specializes in financial services law.

ISSUE: #42, October 2013

The Longbrake Letter
- Bill Longbrake
In this month's letter, Bill Longbrake comments about how political reforms over the last 45 years set the stage for the current mess in Washington and concludes that while funding the federal government and raising the debt ceiling will be resolved, our flawed political processes will persist and political compromises to address critical issues will continue to be difficult to achieve. Bill also provides updates on key elements of economic activity.

CFPB Makes You Go HMmmDA
- Katie Wechsler
Recently, the CFPB has taken several actions in regards to the Home Mortgage Disclosure Act including releasing data tools, announcing enforcement actions, publishing a bulletin and guidelines for supervised institutions. This article reviews these actions and examines possible future CFPB activity on HMDA.

Questions for the Administration on Housing
- Bob Barnett
Because the government remains such a central player in housing in the U.S., its policies are important. At the present time, there are serious housing policy questions that the government has not yet answered. It should do so. In an unrelated footnote for history quants, banks under $500 million in assets are now of only local importance to the U.S. economy.