The Institute of International Bankers opposed the extraterritorial reach of a proposed rule amendment by the Fixed Income Clearing Corporation. The proposed rule would require foreign banks whose US branches are FICC clearing members to be subject to the SEC's clearing mandate on US Government Securities as to their global operations, not just trades that touch the United States.

The Federal Reserve, the FDIC and the OCC issued a request for information on bank-fintech arrangements involving banking products and services distributed to consumers and businesses.

In an Issue Spotlight report, the CFPB considered the costs associated with electronic payment processors that service lunch programs in K-12 schools.

In testimony on CFTC reauthorization, Futures Industry Association CEO Walt Lukken described the healthy state of the derivatives market while raising concerns about market structure integrity, customer fund protection and the impact of new bank capital requirements.

The Managed Funds Association reported that the SEC has not asked for a rehearing on the Fifth Circuit's rejection of the SEC's private fund adviser rule.