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The OCC, the Federal Reserve Board and the FDIC proposed long-term debt requirements for large banking entities, holding companies, foreign banking organizations and large insured depository institutions to facilitate resolvability in the event of failure and to reduce the risk of contagion within the financial system.

The CFPB finalized amendments to its Rules of Practice for Adjudication Proceedings to (i) allow parties to conduct depositions of potential witnesses and (ii) allow for bifurcation of cases with court approval.