The U.S. Senate confirmed Christy Goldsmith Romero, Kristin N. Johnson, Summer Kristine Mersinger, and Caroline D. Pham to serve as CFTC Commissioners.
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At a hearing before the Senate Committee on Banking, Housing, and Urban Affairs, witnesses addressed the use of mandatory arbitration clauses in financial service products.
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.
The U.S. Senate voted to overturn the Consumer Financial Protection Bureau arbitration rule.
Senator Elizabeth Warren (D-MA) sent letters to the CEOs of 16 major financial institutions asking for information related to the Consumer Financial Protection Bureau arbitration rule.