The Fed, the FDIC and the OCC modified the liquidity coverage ratio rule to eliminate the effects on banking organizations for participating in the Money Market Mutual Fund Liquidity Facility and the Paycheck Protection Program Liquidity Facility.
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The SEC directed FINRA and the equity exchanges to submit a new consolidated National Market System plan.
In a new report, the Congressional Research Service described the development of "mortgage servicing rights" since the 2008 financial crisis, and the effect of the COVID-19 pandemic on the value of, and the market for trading in, such rights.
The New York State Department of Financial Services granted virtual currency and money transmitter licenses to Eris Clearing, LLC.
FINRA described four common scams used to target firms and outlined measures that may be taken to alleviate related risks.