House Republicans released the Financial Choice Act of 2017. The bill represents a major overhaul of the current financial services regulatory regime and includes a partial repeal of the Dodd Frank Act.
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The CFTC Division of Swap Dealer and Intermediary Oversight provided relief to a CPO from certain annual filing and reporting requirements.
The CFTC issued an order granting full registration status to a London-based swap execution facility. A total of twenty-four SEFs are now registered fully with the CFTC.
The Consumer Financial Protection Bureau delayed the effective date of final rules to enhance consumer protections for prepaid accounts by six months. The new effective date is April 1, 2018.
The Government Accountability Office issued a report on four types of financial technology: marketplace lending, mobile payments, digital wealth management, and distributed ledger technologies.