House Financial Services Chair Patrick McHenry challenged a CFPB proposed rule to expand its regulatory authority into the market for digital consumer payments.
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Senate Banking Committee Ranking Member Senator Tim Scott (R-SC) and 10 other Republican Senators urged Treasury and the Office of the U.S. Trade Representative to examine the impact of Chinese Communist Party payment networks on the U.S. financial system.
A CFTC Order requiring the use of a designated unique product identifier and product classification system for swap recordkeeping and data reporting became effective on February 24, 2023.
The CFTC designated a unique product identifier and classification system required to be used in swap recordkeeping and reporting.
SIFMA urged the SEC to disapprove a joint SRO proposal to establish a revised funding model for the Consolidated Audit Trail.