The CFPB proposed the implementation of requirements for small business lending data collection pursuant to Dodd-Frank. The requirements would apply to any entity engaged in financial activity that has "originated" 25 or more credit transactions to small businesses in the two calendar years preceding the effective date of the rule.
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FINRA named five new industry members to FINRA's 22-member Board of Governors.
The Treasury's Federal Insurance Office requested public input to help "inform FIO’s assessment of the implications of climate-related financial risks for the insurance sector."
In remarks before the European Parliament Committee on Economic and Monetary Affairs, SEC Chair Gary Gensler described investor protection implications of evolving financial technologies.
An MSRB proposal was published in the Federal Register that would narrow the scope of the annual customer notification requirements under MSRB rules on delivery of investor brochures and transactions with sophisticated municipal market professionals.