At a hearing before the U.S. Senate Committee on Banking, Housing, and Urban Affairs, regulators from the National Credit Union Administration, the FDIC and the OCC testified on current agency priorities and challenges.
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The CFPB confirmed that the effective date of two final rules on debt collection communications remains November 30, 2021. The agency will withdraw an April 2021 proposal that would have extended the effective date to January 29, 2022.
The MSRB proposed amendments to narrow the scope of the annual customer notification requirements under MSRB rules on delivery of investor brochures and transactions with sophisticated municipal market professionals.
The SEC Division of Trading and Markets staff stated that as of September 28. 2021, "broker-dealers will no longer be able to publish proprietary quotations for the securities of any issuer for which there is no current and publicly available information."
FDIC-proposed amendments to deposit insurance coverage rules that would simplify and expand deposit insurance for trusts and mortgage accounts were published in the Federal Register.