CFPB Director Rohit Chopra previewed two rule proposals aimed at preventing the misuse of information collected by data brokers. The CFPB plans to release the new rules for public comment in 2024.

House Financial Services Committee Chair Patrick McHenry (R-NC) asked FINRA and the SEC for information on the process used to approve the application of the first "special purpose broker-dealer" eligible to transact and provide custody for digital asset securities.

The National Credit Union Administration notified all federally insured credit unions that as of September 1, 2023, they must report cyber incidents within 72 hours after becoming aware of the event or receiving a notification from a third party regarding a reportable incident.

FDIC Chair Martin J. Gruenberg recounted the "lessons learned" from recent bank failures and reviewed proposed rulemakings.

In its 2023 Risk Review, the FDIC reported that despite weak economic conditions, increasing interest rates and inflation and financial market stress, the banking industry demonstrated resilience.