The CFPB concluded that the unilateral reopening of an account by a financial institution after the consumer closed the account could constitute an "unfair act or practice."

A broker-dealer and a former representative settled FINRA charges for suitability and supervisory failings concerning recommendations involving Unit Investment Trusts and preferred stock of a real estate investment trust.

Senate Banking Committee Chair Sherrod Brown (D-OH) requested information from an on-line "smart savings platform powered by real estate," on the company's potential risks to customers.

SEC staff provided new guidance for broker-dealers and investment advisers on meeting their Regulation Best Interest and duty of care obligations.

In a "Consumer Compliance Supervisory Highlights" Report, the FDIC summarized the results of consumer compliance examinations of supervised institutions in 2022 and offered recommendations to strengthen compliance management systems.