A group of financial trade associations urged the House Committee on Energy and Commerce to exempt companies that offer consumer financial products or services (under the Gramm-Leach-Bliley Act ("GLBA")) from additional federal data privacy legislation.
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The American Bankers Association urged federal banking regulators to rescind the 2023 Community Reinvestment Act ("CRA") Rule and reinstate the 1995 CRA framework.
A firm settled FINRA charges for failing to maintain reasonable supervisory procedures concerning municipal finance professional ("MFP") political contributions.
Several banking organizations asked a federal court to postpone the compliance deadlines of the CFPB's "open banking" rule, which mandates that banks share customer financial data with third-party Fintech companies and data aggregators. (See previous coverage.)
The CFTC initiated an internal review of staff compliance with requirements on time and attendance, telework, return-to-office and reasonable accommodation, "in order to identify violations and fraud, waste and abuse."