In a Joint Report submitted to Congress, member agencies of the Federal Financial Institutions Examination Council and the National Credit Union Administration outlined interagency and agency actions to reduce regulatory burdens on financial institutions.
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The SEC approved a proposal by FINRA to adopt the Rule 6800 Series.
FINRA solicited comments on certain member and public engagement programs to enhance its effectiveness as a self-regulatory organization.
The National Futures Association urged the CFTC to revise certain proposed third-party recordkeeping requirements.
The DOJ filed an amicus curiae brief in response to a recent D.C. Circuit Court Order granting a rehearing in PHH Corporation v. Consumer Financial Protection Bureau. The DOJ argued that the President has the legal authority to remove the CFPB director at will.