Senate Banking Committee Ranking Member Elizabeth Warren asked Fed Vice Chair for Supervision Michelle Bowman to withdraw a proposal that would weaken the supervisory rating framework for large banks; she also asked Treasury Secretary Scott Bessent to provide information on any reprivatization plans for Fannie Mae and Freddie Mac.
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FINRA’s Board of Governors approved amendments to replace "the minimum equity of $25,000 for pattern day traders, with an intraday margin rule that applies the existing maintenance margin rules to intraday exposure."
The Conference of State Bank Supervisors urged the Treasury Department to extend the comment period for a proposed rulemaking on stablecoin regulation under the GENIUS Act.
The SEC identified the panelists for an upcoming joint roundtable with the CFTC on regulatory harmonization between the agencies. The roundtable is scheduled for September 29, 2025.
SIFMA Managing Director and Head of Equity and Options Market Structure Katie Kolchin weighed-in on potential changes to trade-through prohibitions, the subject of a recent SEC roundtable.