The Board of Governors of the Federal Reserve System ("FRB") will host a conference focused on "emerging developments in the payment's ecosystem."

U.S. Senate Democrats requested detailed information about overdraft fee practices from twenty-five of the nation’s largest banks. The request follows the nullification of a CFPB final rule which would have capped most overdraft fees at $5.

The Federal Reserve Board released individual capital requirements for large banks. The requirements will take effect on October 1, 2025.

The SEC Division of Trading and Markets, the CFTC Division of Market Oversight and the Division of Clearing and Risk issued a joint statement expressing their intention to facilitate the trading of certain spot crypto asset products on CFTC- and SEC-registered markets.

Five financial trade associations urged the House Financial Services Committee to amend rather than replace the Gramm-Leach-Bliley Act as the primary federal framework for consumer financial data privacy.