A District Court judge granted preliminary approval to an agreement that would allow a bank to settle a class-action lawsuit filed as a result of alleged retail sales misconduct.

The Consumer Financial Protection Bureau issued a new rule that restricts mandatory arbitration clauses in certain consumer financial contracts.

The MSRB named Michael L. Post as General Counsel.

CFTC Acting Chair Christopher J. Giancarlo named Daniel Gorfine as Chief Innovation Officer and Director of the LabCFTC initiative.

The FDIC published a manual for FDIC employees on how to process and evaluate deposit insurance applications.