Federal Reserve Board Vice Chair for Supervision Michael S. Barr highlighted the risks and benefits of crypto-asset technologies to the U.S. payment system and called for a unified approach to oversight among regulators.
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Comments are due by May 8, 2023 on an SEC proposal that would substantially expand requirements under the Advisers Act custody rule (IAA Rule 206(4)-2) and amend related recordkeeping and reporting obligations.
The Government Accountability Office recommended that the CFPB provide clarity on how the definition of “credit” in the Truth in Lending Act and Regulation Z should be applied to earned wage access products.
Thirteen financial services trade associations called for a 60-day comment period extension on an SEC proposal to expand the requirements of the Advisers Act "Custody Rule."
In remarks to ISDA's ESG Climate Risk Forum, CFTC Commissioner Christy Goldsmith Romero described the challenges that derivatives markets may face related to climate change and set forth proposals to address market resiliencies to these risks.