A firm settled FINRA charges for supervisory deficiencies related to its obligations to deliver preliminary IPO prospectuses to institutional customers.

The Consumer Financial Protection Bureau proposed a rule to establish a binding legal standard for the term "conduct that poses risks to consumers." The standard would be used to designate nonbank covered persons for CFPB supervision under the Consumer Financial Protection Act

The Congressional Research Service reviewed implementation issues concerning the Financial Data Transparency Act and new data standards required under the law.

Joint Economic Committee Chair David Schweikert introduced a bill in the House to authorize the use of "letters of marque" to target foreign cybercriminals and transnational hacker networks.

In a letter posted on Truth Social, President Donald Trump said he removed Federal Reserve Governor Lisa Cook from her position "effective immediately."