The SEC Office of Investor Education and Advocacy cautioned investors against making special purpose acquisition company investments on the basis of a celebrity's involvement in the company.

The CFPB rescinded a "January 2020 Statement of Policy Regarding Prohibition on Abusive Acts or Practices" in supervision and enforcement.

At an Investor Advisory Committee meeting, SEC Commissioner Hester Peirce cautioned against "overly prescriptive" regulations intended to protect retail investors and "well-intentioned increased" regulatory obligations around special purpose acquisition companies.

The U.S. House Financial Services Committee considered 26 bills that are intended to remove barriers and biases that limit access to (i) capital, credit and financial services, (ii) fair housing and homeownership, and (iii) leadership opportunities in executive ranks and on boards.

The Federal Reserve Board issued guidance for examiners who will assess supervised firms' LIBOR transition plans.