A FINRA Investor Education Foundation analysis on the effectiveness of financial education concludes that it is a cost-effective way to "improve financial knowledge, budgeting and savings behavior."
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In a joint letter to the Basel Committee on Banking Supervision, ISDA, the Institute of International Finance, and the Global Financial Markets Association, among others, requested reconsideration of the 2014 standardized approach for measuring counterparty credit risk exposures.
The MSRB proposed amending its suitability rules to align Regulation Best Interest standards to bank municipal securities dealers.
The National Credit Union Administration Critical Infrastructure Division briefed the agency's Board on cyber threats facing credit unions.
The Consumer Financial Protection Bureau and the New York Attorney General filed a Complaint against a U.S.-based international money transfer company for alleged systemic and repeated violations of the Electronic Fund Transfer Act and the Remittance Transfer Rule.