The Senate Banking Committee reviewed actions taken by the Consumer Financial Protection Bureau in enforcement, fair lending, arbitration clauses, payday loans and exemptions. In a separate hearing, the Senate Banking Committee postponed SEC nominations and questioned CFPB Director Richard Cordray about the CFPB's Semi-Annual Report to Congress.

SIFMA Executive Vice President of Business Policies and Practices Randy Snook focused on the changing role of exchanges as self-regulatory organizations within the equity market structure.

CFTC Commissioner J. Christopher Giancarlo emphasized the "enormous implications" of "blockchain" technology for capital and hedging markets that are overseen by the CFTC and other regulators.

In light of what he called "dramatically expanded responsibilities," CFTC Chair Timothy G. Massad urged the Senate Committee on Appropriations to approve President Obama's fiscal year 2017 budget request for the CFTC.

SIFMA voiced concerns over the existing framework for disclosure in the municipal securities market. SIFMA suggested that requirements applied in earlier rules for financial advisors now should apply to municipal advisors.