The CFTC withdrew "outdated" interpretive guidance on "actual delivery" for retail commodity transactions involving virtual currencies.
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The CFTC gave notice that it intends to survey futures commission merchants and introducing brokers on the direct costs of complying with Bank Secrecy Act and Anti-Money Laundering requirements.
SIFMA, the Investment Company Institute and a number of other financial trade associations expressed support for the "Financial Exploitation Prevention Act," a bipartisan bill to "provide critical tools to address suspected financial exploitation of [seniors]."
The House Financial Services Committee marked up a series of bills for final consideration, including the "Protecting Private Job Creators Act" which "addresses disclosures in over-the-counter markets and imposes requirements upon broker-dealers who publish quotations in such markets."
The American Bankers Association supported the Consumer Financial Protection Bureau's proposed amendments to eliminate disparate impact liability under the Equal Credit Opportunity Act.