In response to requests for comments issued by the United States Senate Committee on Finance, SIFMA and the United States Chamber of Commerce each offered recommendations on comprehensive tax reform.
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The Consumer Financial Protection Bureau issued a final rule that restricts mandatory arbitration clauses in certain consumer financial contracts. It will become effective on September 19, 2017.
Acting Comptroller of the Currency Keith A. Noreika discussed agency support for responsible financial innovation and granting national bank charters to FinTech companies.
The National Futures Association Business Conduct Committee filed a complaint against a commodity trading advisor and its principal for violating recordkeeping, disclosure and supervisory requirements.
On July 18, 2017, the United States Senate Committee on Finance met to consider the nomination of David J. Kautter as U.S. Treasury Department Assistant Secretary for Tax Policy.