In a letter addressed to Treasury Secretary Janet L. Yellen, House Financial Services Committee Chair French Hill (R-AR) expressed "serious concern" that the Biden Administration’s engagement with the European Union and the European Commission’s proposed Corporate Sustainability Due Diligence Directive would result in significant financial and legal implications for U.S. companies.

In separate actions, an investment adviser settled SEC charges for (i) failing to disclose material information as to distributable income in a closed-end fund, and (ii) failing to waive certain advisory fees as required by an agreement with a mutual fund.

The Cybersecurity & Infrastructure Security Agency, along with the FBI and international law enforcement agencies, described the "Lockbit ransomware variant" and recommended methods to mitigate the threat.

A cryptocurrency platform settled charges brought by the New York State Attorney General for (i) failing to register as a securities or commodities broker-dealer and (ii) falsely representing itself as a cryptocurrency exchange.

House Financial Services Committee Chair Patrick McHenry (R-NC) criticized the Financial Stability Oversight Council’s plans to evaluate nonbank financial institutions based on their size, rather than activities.