A broker-dealer settled FINRA charges for failing to monitor conflicts of interest related to the sale of bonds to a bank affiliate.

The Managed Funds Association said an SEC proposal to prohibit a "securitization participant" from engaging in any transaction that would involve or result in a material conflict of interest, "could harm the securitization markets and, as a consequence, undermine the credit markets that depend upon securitization."

Senators Mike Crapo (R-ID,) ranking member of the Finance Committee, and Joni Ernst (R-IA,) ranking member of the Committee on Small Business and Entrepreneurship, et.al., urged the Chair of the Federal Reserve Board to shift its focus away from climate-related matters.

Representative Andy Ogles (R-TN) joined several Republican House members urging the CFPB to rescind a proposal to establish a nonbank registry and require financial institutions to register with the CFPB.

President Joseph R. Biden nominated individuals for open positions on the Federal Reserve Board.