The OCC, Federal Reserve Board, FDIC and National Credit Union Administration revised an interagency policy statement on allowances for credit losses. The revisions were in response to amendments the Financial Accounting Standards Board made to GAAP accounting standards on the topic in March, 2022.

The U.S. District Court for the District of Massachusetts found an investment adviser liable for failing to disclose to its advisory clients material conflicts of interest with respect to a revenue sharing.

The FTC proposed amendments to the "Negative Option Rule" concerning programs that allow sellers to "interpret a customer’s silence, or failure to take an affirmative action, as acceptance of an offer."

The National Credit Union Administration requested comments on climate-related financial risks facing federally insured credit unions and the National Credit Union Share Insurance Fund

SEC staff provided new guidance for broker-dealers and investment advisers on meeting their Regulation Best Interest and duty of care obligations.