The SEC issued no-action relief from the requirement to report certain personally identifiable information—names, addresses and years of birth—to the Consolidated Audit Trail.

FDIC Acting Chair Travis Hill supported efforts to update FinCEN's Customer Identification Program requirements "to eliminate frictions for customers seeking relationships with banks and FinTechs."

Federal Reserve Board Governor Michelle W. Bowman identified key problems in the current regulatory framework, including inadequate tailoring of rules for smaller banks, liquidity challenges in the US Treasury market, stress testing inefficiencies and hostility toward financial innovation.

CFPB Acting Director Russell Vought told the CFPB "to stop work on proposed rules, to suspend the effective dates on any rules that were finalized but not yet effective, and to stop investigative work and not begin any new investigations."

A firm settled FINRA charges for inaccurately calculating the required customer reserve, which resulted in the broker-dealer's failure to maintain a sufficient reserve balance and related accurate books and records.