Senate Banking Committee Ranking Member Pat J. Toomey (R-PA) requested information from 12 ESG ratings firms as to how they calculate companies' ESG scores.
President Joseph R. Biden will nominate Travis Hill to be Vice Chair of the FDIC Board of Directors and Jonathan McKernan to be a General Board Member.
Treasury issued a Request for Comment on digital asset-related illicit finance and national security risks, as well as its publicly released action plan to address those risks.
House Financial Services Committee Chair Maxine Waters (D-CA) proposed amendments to the Community Reinvestment Act in an effort to (i) end modern-day redlining, (ii) root out discrimination in the banking system and (iii) close the gaps in racial wealth and homeownership.
In a new report, the CFPB identified "Buy Now, Pay Later" credit program and product risks; CFPB Director Rohit Chopra directed staff to take additional action.