The U.S. House Committee on Financial Services marked up and passed bills on special purpose acquisition companies, broker-dealer and investment adviser mandatory arbitration clauses in customer agreements, and hiring practices.
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The Office of the Comptroller of the Currency updated the following booklets of the Comptroller's Handbook: "Bank Premises and Equipment," "Consigned Items and Other Customer Services," and "Litigation and Other Legal Matters."
President Donald J. Trump signed a legislative resolution nullifying the Consumer Financial Protection Bureau's arbitration rule.
The U.S. Senate voted to overturn the Consumer Financial Protection Bureau arbitration rule.
The U.S. Department of the Treasury released a report critical of the Consumer Financial Protection Bureau arbitration rule.