The Consumer Bankers Association and the American Bankers Association ("Associations") urged the CFPB to abandon a proposal to formally define "risks to consumers" in supervisory designation proceedings.
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The CFTC proposed relief from business conduct and documentation requirements applicable to swap dealers and major swap participants.
Senate Banking Committee Ranking Member Elizabeth Warren asked Fed Vice Chair for Supervision Michelle Bowman to withdraw a proposal that would weaken the supervisory rating framework for large banks; she also asked Treasury Secretary Scott Bessent to provide information on any reprivatization plans for Fannie Mae and Freddie Mac.
FINRA’s Board of Governors approved amendments to replace "the minimum equity of $25,000 for pattern day traders, with an intraday margin rule that applies the existing maintenance margin rules to intraday exposure."
The Conference of State Bank Supervisors urged the Treasury Department to extend the comment period for a proposed rulemaking on stablecoin regulation under the GENIUS Act.