The Congressional Research Service reviewed the purpose and history of the Consumer Financial Protection Bureau’s overdraft fee rule. Congress overturned the rule by joint resolution under the fast-track legislative procedures of the Congressional Review Act.
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The SEC named James J. Moloney as the agency’s next Director of the Division of Corporation Finance.
Democratic Senators released a framework for digital asset legislation "that would protect investors while providing a compliance pathway for digital asset businesses."
The CFTC withdrew final guidance on the listing of voluntary carbon credit derivatives contracts by designated contract markets.
At a House Financial Services Subcommittee hearing, representatives questioned the Director of FinCEN on current operations, and the scope of the bureau's mandate under the Corporate Transparency Act and the Bank Secrecy Act.