The CFTC Division of Swap Dealer and Intermediary Oversight granted no-action relief to futures commission merchants and introducing brokers by allowing them to consolidate separate-risk disclosure statements for non-institutional customers.
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President-Elect Trump's nominee for Treasury Secretary Steven Mnuchin stated that his "number-one priority on the regulatory side" is to "strip back parts of Dodd-Frank that prevent banks from lending."
Comptroller of the Currency Thomas J. Curry urged banking regulators to "remain vigilant" about maintaining reasonable levels of capital and liquidity that could cushion the blow in the next downturn.
The Board of Governors of the Federal Reserve System, the Consumer Financial Protection Bureau, and the Office of the Comptroller of the Currency issued a final rule detailing the method to be used to determine the threshold for exempting smaller mortgage loans from the special appraisal requirements of the Truth in Lending Act . The FRB and CFPB also issued a final rule detailing the method to be used to adjust the thresholds for exempting certain consumer credit and lease transactions from the TILA and from the Consumer Leasing Act.
The CFTC granted a request by Chicago Mercantile Exchange Clearing Europe Limited for registration as a derivatives clearing organization under the CEA.