The Blockchain Payment Consortium supported the Federal Reserve’s initiative to provide direct "payment account" access to certain non-bank financial firms. The Consortium also urged regulators to expand service capabilities and raise balance limits to ensure a level playing field.

The U.S. House of Representatives passed bipartisan legislation to reform how the Financial Stability Oversight Council determines whether a financial firm is systemically important to the financial system.

A former natural gas trader settled CFTC charges for participating in a fraudulent scheme to misappropriate confidential employer information and for accepting illicit payments in exchange for steering brokerage business.

Senate Banking Committee Ranking Member Elizabeth Warren asked 11 sports betting companies for details on their acceptance of credit cards for wagers and whether consumers are adequately warned about hidden "cash advance" fees.

Senate Democrats urged Comptroller of the Currency Jonathan Gould and FDIC Chair Travis Hill to withdraw a proposed rule that would redefine "unsafe or unsound" practices in the banking sector.