The CFPB issued an interpretive rule clarifying the scope of State enforcement authority under provisions of the Consumer Financial Protection Act.

The FDIC established a process to guide FDIC-supervised financial institutions or applicants for deposit insurance when requesting a Minority Depository Institution designation.

The FDIC adopted revised guidelines for the appeals process on material supervisory determinations.

An investment adviser settled SEC charges for failing to disclose conflicts of interest related to revenue sharing payments.

In a testimony before the House Appropriations Subcommittee on Financial Services and General Government, SEC Chair Gary Gensler called for additional resources to "help maintain [the 'gold standard of'] American capital markets as the best in the world."

The FDIC provided guidance to help small trust entities comply with recently amended deposit insurance regulations for trust accounts and mortgage servicing accounts.

The DOJ and the SEC charged a subsidiary of an international investment adviser with defrauding investors by concealing billions of dollars of losses and misrepresenting downside risk in connection with a series of hedge funds that collapsed in March 2020.

Comments are due by June 13, 2022 for an SEC proposal to (i) enhance disclosure requirements on special purpose acquisition companies ("SPACs") and (ii) more closely align the financial statements of private operating companies merging with SPACs with those required in registration statements for IPOs.

CFTC Commissioner Summer K. Mersinger named Chris Lucas as Chief of Staff and Counsel.

In a section of its May 2022 Financial Stability Report, the Federal Reserve Board examined the potential ability of a U.S. central bank digital currency to support financial stability in light of a "rapid[ly] digitizing economy[.]"