The banking agencies set a comment deadline of August 21, 2023 for a proposed to require mortgage originators and secondary market issuers to ensure that "automated valuation models used in certain credit decisions or covered securitization determinations adhere to quality control standards."
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A public company and its former executive vice president settled SEC charges for disclosure violations in proxy statements.
The FDIC identified consumer compliance risks for financial institutions regarding the assessment of multiple non-sufficient funds fees arising from the re-presentment of the same unpaid transaction.
The SEC reopened the comment period on a proposed rule to require reporting of large positions in security-based swaps. SEC staff provided additional analysis on proposed thresholds in the rule.
The Senate Banking Committee questioned nominees for Federal Reserve Board Vice Chair and Board Governor.