The CFPB issued an interpretive rule clarifying that "digital marketing providers that are materially involved in the development of content strategy would not fall within the “time or space” exception" of the definition of the term "service provider" under the Consumer Financial Protection Act.
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House Financial Services Committee Chair Maxine Waters (D-CA) vowed action against Equifax following news reports accusing the credit bureau of providing inaccurate credit reports.
Over 70 Democratic congressional representatives urged banking regulators to finalize amendments to rules implementing the Community Reinvestment Act to "finally end the discriminatory practice of redlining."
The SEC awarded approximately $16 million to two whistleblowers who provided valuable and original information that prompted or promulgated an SEC investigation into misconduct.
The CFTC Division of Market Oversight extended no-action relief from aggregation requirements under the current CFTC position limits rule.