A banking entity settled charges with the OCC and the CFPB for assessing multiple overdraft fees on customers’ accounts. The banking entity also settled charges with the CFPB for withholding credit card rewards from consumers and opening accounts without consumers' consent.

The SEC adopted rule amendments aimed at preventing a run on money market funds during a time of financial stress.

Senate Finance Committee Chair Ron Wyden (D-OR), and Ranking Member Mike Crapo (R-ID) posed policy questions to members of the digital asset community "to better understand how Congress can address the tax challenges and opportunities presented by digital assets." Both legislators emphasized the need for clear guidance.

The SEC proposed rule amendments to require broker-dealers that carry over $250 million of customer credit to perform their cash reserve account calculations daily and top up their reserve accounts balances. The current requirement is weekly, although some firms already perform daily calculations.

In testimony before the Senate Banking Committee, witnesses warned against the dangers of excessive concentration in banking, increased systemic risk resulting from bank mergers, and threats to small business.