Fannie/Freddie Will Develop New Plans for Equitable Financing

The GSEs, Fannie Mae and Freddie Mac, will be required to submit Equitable
Housing Finance Plans
to their regulator the Federal Housing Finance Agency (FHFA)
by the end of the year. The plans, which will be updated annually, will identify
and address barriers to sustainable housing opportunities for the next three
years. FHFA also will require the GSEs to submit annual progress reports on the
actions undertaken during the prior year to implement their plans.

“For generations, discriminatory practices like redlining have
prevented communities of color from building wealth through
homeownership,” said FHFA Acting Director Sandra L. Thompson. “By

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China plans to ban US IPOs for data-heavy tech firms

China plans to propose new rules that would ban companies with large amounts of sensitive consumer data from going public in the U.S., people familiar with the matter said, a move that is likely to thwart the ambitions of the country’s tech firms to list abroad.

In recent weeks, officials from China’s stock regulator have told some companies and international investors that the new rules would prohibit internet firms holding a swath of user-related data from listing abroad, the people said. The regulators said that the rules target companies seeking foreign listing via units

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How MTN plans to bring digital insurance and investment services to Africans

Africa’s largest telco, MTN Group is partnering with insurtech firm, Sanlam to build a digital insurance and investment business for its users across the continent.

The exclusive strategic alliance (the Alliance) will distribute Sanlam Group insurance and investment products as part of MTN’s fintech offering across Africa.

“It will provide people across the continent with easier access to these services, particularly those sectors of the population that have typically been unable to access traditional distribution channels for such products,” MTN explained in a blog post.

However, the deal is dependent on both parties concluding definitive agreements and completing the relevant

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