A Federal Reserve Board interim final rule to extend an exception for certain Paycheck Protection Program loans by bank executive officers, directors and principal shareholders was published in the Federal Register.

ISDA recommended that regulators adopt the Common Risk Interchange Format and Common Domain Model to allow for the standardization and automation of financial reporting.

FTC Acting Chair Rebecca Kelly Slaughter urged Congress to restore the FTC's ability to obtain equitable monetary relief after a recent Supreme Court determination that the agency does not have that authority.

Legislators questioned prudential regulators on (i) diversity in banking, (ii) the regulatory response to the COVID-19 pandemic, and (iii) the changing regulatory landscape due to climate change, cybersecurity, and digitization.