FDIC Chair Jelena McWilliams identified actions by prudential regulators that can empower "mission driven banks" including minority depository institutions and community development financial institutions.
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The CFTC Division of Data renewed previously issued no-action relief from certain reporting and recordkeeping requirements for transactions involving derivatives clearing organizations acting pursuant to either (i) a CFTC exemptive order or (ii) CFTC Division of Clearing and Risk no-action relief.
The SEC's newly appointed Director of Enforcement, Alex Oh, resigned from the agency, citing personal reasons. Melissa Hodgman was reappointed Acting Director.
A reverse mortgage lender settled CFPB charges for sending advertisements to senior citizens that misrepresented the costs and risks associated with the lender's loans.
At an ISDA Derivatives Forum, SEC Commissioner Hester Peirce cautioned against "build[ing] a neat set of [environmental, social and governance metrics] that then get incorporated into a whole array of financial transactions."