House Financial Services Committee Chair Maxine Waters (D-CA), along with numerous Democratic co-sponsors, reintroduced the Consumers First Act (the "CFA"). The CFA is intended to, among other things, reverse or modify certain actions taken by Mick Mulvaney when he was Director of the Consumer of Financial Protection Bureau.

A broker-dealer agreed to settle FINRA charges for multiple violations including providing inaccurate statements, paying unregistered individuals and failing to have an adequate supervisory system. According to the Letter of Acceptance, Waiver and Consent, Halifax America, LLC ("Halifax"): provided inaccurate statements to FINRA in connection with Halifax's application for registration as a new member; allowed an unregistered person to partake in securities activities requiring registration; failed to establish, maintain and enforce a supervisory system sufficiently designed to review the

CFTC Chair J. Christopher Giancarlo highlighted the ways in which the agency is crafting a "modern regulatory approach" to rapidly changing markets and technological developments, including blockchain technology and cryptocurrencies. Mr. Giancarlo identified several characteristics of the current period of innovation: (i) "exponential technological change," (ii) the "disintermediation of traditional actors or business models," and (iii) the need for businesses and regulators to be technologically literate. According to Mr. Giancarlo, the CFTC is responding to technological developments by

Federal Financial Institutions Examination Council ("FFIEC") members agreed to a set of principles that apply to all reports of examinations ("ROEs"). Separately, the Office of the Comptroller of the Currency ("OCC") said it is reviewing and updating its ROE policy in the " Bank Supervision Process" booklet of the Comptroller's Handbook. Until the OCC updates the "Bank Supervision Process" booklet, the FFIEC ROE principles may be used for any OCC-supervised bank. The principles provide guidance as to the presentation of information in order to establish consistency, clarity and "ease of

The Federal Reserve Board voted to affirm the Countercyclical Capital Buffer at the current level of zero percent.