House Republicans urged federal banking regulators to rescind agency guidance documents on (i) leveraged lending, (ii) model risk management, (iii) venture funding, and (iv) third-party risk management.

The Office of the Comptroller of the Currency, the Federal Reserve Board, and the Federal Deposit Insurance Corporation issued a proposed rulemaking to revise the Community Bank Leverage Ratio ("CBLR") framework to encourage broader adoption of its use (which is optional) and provide greater flexibility for community banks.

The CFTC’s Market Participants Division confirmed that Futures Commission Merchants may post customer-owned securities with foreign brokers and clearing organizations, even where foreign law requires the transfer of title or a "right of re-use" over those assets.

The OCC: (i) issued a new streamlined BSA/AML Examination Procedures Manual for community banks; (ii) discontinued its annual Money Laundering Risk System data collection for certain community banks; and (iii) solicited comment on community banks’ experiences with core service providers and other third-party vendors.

House Republicans urged federal banking regulators to reassess how Enhanced Prudential Standards are applied to large banking organizations.