The House of Representatives passed a bill to establish a CFPB Office of Community Affairs to serve "under-banked, un-banked, and underserved" communities.
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The CFPB adopted a final rule designed to provide relief to smaller firms by extending the temporary reporting data threshold under the Home Mortgage Disclosure Act.
An SEC proposal amending the application process for funds seeking exemptive relief under the Investment Company Act of 1940 was published in the Federal Register.
An SEC proposal to tighten the requirements that broker-dealers must meet before being permitted to post public quotations on OTC securities was published in the Federal Register.