Senate Banking Committee Chair Tim Scott and Senator John Kennedy introduced legislation to raise reporting thresholds for currency transaction reports and suspicious activity reports under the Bank Secrecy Act.

FINRA suspended a broker for failing to disclose an outside business activity involving a real estate investment partnership with a firm customer.

A firm settled FINRA charges after failing to engage a qualified independent underwriter in a $700 million IPO, where approximately $150 million of the offering proceeds were used to repay a loan to the firm's affiliate.

Ranking Member of the Senate Banking Committee Elizabeth Warren and Senator Andy Kim urged the Federal Deposit Insurance Corporation to reimpose a moratorium on deposit insurance applications submitted by commercially owned industrial loan companies.

The Clearing House Association and Bank Policy Institute urged the U.S. Department of the Treasury to establish clear, consistent, and technology-neutral standards for digital assets under the Bank Secrecy Act.