The CFTC approved an amendment to, and consolidation of, LCH.Clearnet Limited's orders of registration as a derivatives clearing organization ("DCO"). The approved amendment permits LCH.Clearnet Limited to provide clearing services for "swaps," as defined in the CEA and CFTC Rules, as well as all futures and options on futures, regardless of the underlying asset class. See: LCH.Clearnet Ltd Order of Registration as a DCO. Related news: CFTC Issues Extensions in Two No-Action Letters Regarding DCO and DCM (CFTC Letters 14-85 and 14-86) (June 25, 2014); CFTC Issues Three No-Action Letters

The NFA's technical amendments to NFA Bylaw 406 regarding the election process for Board Representatives and Nominating Committee Members became effective on December 15, 2014. See: NFA Bylaw 406. Related news: Technical Amendments Proposed for NFA Elections Process (December 2, 2014).

The Office of the Comptroller of the Currency ("OCC") issued an updated booklet, titled "Truth in Lending Act," which is part of the Comptroller's Handbook. The booklet, which replaces a similarly titled booklet issued in December 2010, provides updated guidance and procedures to examiners in connection with recent changes made to Regulation Z, primarily with regard to mortgage lending. See: Truth and Lending Act Booklet.

Finance Committee Ranking Member Orrin Hatch (R-UT) welcomed Republican Senators Dan Coats (R-IN), Dean Heller (R-NV) and Tim Scott (R-SC) to the Senate Finance Committee in the 114th Congress, where they began their service as its newest members. See: Press Release.

The NFA published a board update video in which NFA President and CEO Dan Roth joins Chairman Chris Hehmeyer to review rulemakings and other issues discussed at the NFA's November 2014 Board of Directors meeting. See: NFA Board Update - November 2014 Meeting Video.