The American Investment Council urged FTC to withdraw its proposal to "comprehensive[ly] redesign" the premerger notification form. The Council argued that FTC lacks statutory authority to demand nearly all of the information that would be newly required.
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House Financial Services Subcommittee Chair Blaine Luetkemeyer (R-MO) requested information from the SEC and FINRA on their efforts to address "serious" national security issues raised by broker-dealers that have ownership connections to the Chinese Communist Party.
The CFPB identified trends in the 2022 mortgage market, finding a “significant downturn” in mortgage-lending activities with the exception of lending in open-end lines of credit.
House Financial Services Committee Chair Patrick McHenry (R-NC) led Republican committee members in urging the SEC to not finalize any new regulation until evaluating the aggregate impact of interconnected proposals regarding private funds, equity market structure and corporate governance.
The Congressional Research Service summarized the proposed Clarity for Payment Stablecoins Act and an implementing regulatory framework.