In an advisory opinion, the Consumer Financial Protection Bureau clarified the definitions of the terms "credit" and "finance charge" as they apply to "Covered Earned Wage Access" under Truth in Lending Act regulations.
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The SEC approved a rule change by the Fixed Income Clearing Corporation to establish the "ACS ('Agent Clearing Service') Triparty Service."
SEC Commissioner Mark Uyeda summarized recent SEC regulatory actions designed to facilitate the transition to central clearing for government bonds.
The CFTC adopted a final rule amending external business conduct and documentation requirements for swap dealers and major swap participants. The amendments codify long-standing no-action positions and enhance market efficiency.
CFTC staff requested comment on potential issues concerning derivatives clearing organizations that provide clearing services directly to retail traders without intermediation by futures commission merchants.