The SEC is closing its Salt Lake City regional office later this year due to "significant attrition" among office staff.

Witnesses before the House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion advocated for additional regulations to facilitate the development of the tokenization of real-world assets.

The CFPB issued a rule outlining the requirements that an organization must meet to become a CFPB-recognized industry standard-setting body.

In a new Consumer Insights Report, the FINRA Investor Education Foundation found that "consumers trust financial professionals more than AI when it comes to financial information."

The CFPB warned "covered persons" against including unlawful or unenforceable terms and conditions in contracts for consumer financial products or services. The CFPB stated that doing so could violate the Consumer Financial Protection Act's prohibition on deceptive acts or practices.