Sarah Bloom Raskin withdrew her candidacy to serve as Vice Chair for Supervision of the Federal Reserve Board. The Senate advanced the four remaining nominees.
News & Insights
The Federal Reserve Board announced a new rule set applicable to FRB policymakers and senior staff that will prohibit them from (i) purchasing individual stocks, (ii) investing in individual bonds and in agency securities and (iii) entering into derivatives.
The Office of the Comptroller of the Currency made several organizational changes to "improve collaboration, alignment, and engagement within the agency."
Republican members of Congress filed an amicus brief supporting President Donald Trump and Acting CFPB Director Mick Mulvaney in a lawsuit challenging the President's appointment of Mr. Mulvaney as acting head of the CFPB.
The Office of the Comptroller of the Currency made technical changes to the "Background Investigations" booklet of the Comptroller's Licensing Manual.