House and Senate Democrats asked Treasury Secretary Scott Bessent to explain his failure to enforce the bipartisan Corporate Transparency Act. They warned that the decision to halt enforcement of the law threatens U.S. efforts to combat financial crime and protect national security.
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The U.S. Court of Appeals for the D.C. Circuit declined to stay a lower court injunction requiring that Federal Reserve Governor Lisa D. Cook remain in office.
The CFTC withdrew a March 2024 proposal to establish new governance and conflict-of-interest requirements for designated contract markets and swap execution facilities.
North Dakota Commissioner of Financial Institutions and FSOC State Banking Supervisor Representative Lise Kruse called for "right-sizing" the regulatory framework for banks.
House Democrats urged Financial Services Chair French Hill to hold a hearing on President Trump’s efforts to "undermine the Federal Reserve’s [("Fed")] independence".