In a letter to SEC Chair Gary Gensler, five Republican members of the Senate Banking Committee challenged the basis for four new rule proposals targeting U.S. equity market reform.
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The CFTC Market Participants Division issued a new letter expanding the scope of relief from certain rules for "intended-to-be-cleared" swaps.
In a joint letter to the SEC Chair, an industry coalition criticized the agency's recent enforcement sweep against investment advisers saying that the actions exceed the scope and application of recordkeeping rules on text messaging and other electronic communications.
SIFMA and SIFMA Asset Management Group opposed FINRA's proposal regarding reporting requirements for delayed Treasury spot trades in corporate debt securities.
The CFPB proposed amendments to Truth in Lending regulations, to ensure that credit card companies uphold their obligations to charge fees that are "reasonable and proportional" on late payments.