Sixty-five Democratic representatives called on CFPB Director Kathy Kraninger to rescind a recent proposal that would limit lending information collected under the Home Mortgage Disclosure Act rules.
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OFAC imposed sanctions on a financial conduit of the Iraq-based Islamic Revolutionary Guard Corps-Qods Force for trafficking weapons to Qods Force-backed Iraqi militias.
SIFMA supported a FINRA-proposed pilot program for reporting block trades in corporate bonds. SIFMA cautioned that the complexity of the program "may have significant negative impacts on the corporate bond markets."
NFA adopted supervisory requirements and technical amendments concerning swap activities.
CFTC Commissioner Dan M. Berkovitz advised the CFTC to focus on (i) increasing competition in the derivatives markets and (ii) setting speculative position limits with exemptions for bona fide hedging activities.