After June 30, banks with capital levels above the minimum risk-based requirements under the current round of stress tests will no longer be subject to COVID-19 related and other restrictions on bank dividends and share repurchases.

The Senate confirmed Wally Adeyemo as Deputy Secretary of the Treasury.

SEC Director Peter Driscoll described the regulatory and operational challenges of delivering financial services during the pandemic, the issuance of alerts on pandemic and emergent risks (including on cybersecurity), and the roll out of Regulation Best Interest.

FINRA warned member firms of an increase in new online brokerage accounts engaged in fraudulent Automated Clearing House "instant funds" transactions.

The Alternative Reference Rates Committee released supplemental versions of recommended hardwired fallback language for USD LIBOR-denominated syndicated business loans and bilateral business loans.