The SEC issued a third Order providing additional temporary conditional exemptive relief to national securities exchanges from certain requirements of the National Market System Plan governing the Consolidated Audit Trail.

A CFPB interpretive rule clarifying state authority to issue and enforce state fair credit reporting laws became effective on July 11, 2022. The interpretive rule and effective date was published in the Federal Register. In the interpretive rule, the CFPB affirmed that states may enact laws that are stricter than the federal provisions set forth in the Fair Credit Reporting Act ("FCRA"). As previously covered, the CFPB affirmed that (i) states have wide-ranging authority to protect their residents from harm resulting from credit reporting issues and (ii) state laws are not preempted unless

Federal Reserve Board Vice Chair Lael Brainard called for strong regulatory guardrails to enable digital asset market participants to "build a resilient digital native financial infrastructure."

The Secretary of Treasury, in consultation with relevant agencies, delivered to President Joseph R. Biden a framework for international engagement on digital assets. The framework was a response to directives included in the President's Executive Order entitled "Ensuring Responsible Development of Digital Assets."

The CFPB reminded companies of their obligation to only use and share consumer credit reports and background reports when they have a "permissible purpose."