The Council of Economic Advisers estimated that since 2011, the CFPB "cost consumers between $237-$369 billion, including fiscal costs, increased borrowing expenses, and reduced originations."
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The Basel Committee on Banking Supervision examined the rapid growth of "synthetic risk transfers" and warned of emerging vulnerabilities as the market expands.
In an amicus brief filed by the CFTC in an appeal before the Ninth Circuit, the agency urged the Court to reverse a lower court decision that would allow Nevada to apply state gambling laws to "event contracts" traded on federally regulated exchanges.
Senate Democrats urged CFTC Chair Michael Selig to reverse regulatory changes they say are enabling the growth of prediction markets tied to sports betting and geopolitical conflict.
The Digital Chamber, a blockchain and digital asset trade association, urged the Federal Reserve to modify its proposed "Payment Account" framework by removing balance caps and expanding access to key services.