CFPB Senior Advisor Brian Shearer highlighted coordinated action between the CFPB and state regulators to combat junk fees.
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House Financial Services Committee Chair Patrick McHenry (R-NC) and Chair of the Subcommittee on Oversight and Investigations Bill Huizenga (R-MI) criticized the SEC's response to requested information on the recent enforcement action against FTX founder and former CEO Sam Bankman-Fried.
Federal Reserve Board Governor Michelle W. Bowman asserted that declining numbers in "de novo" bank formation in the United States over the past decade has resulted in negative consequences for the economy.
Comments are due by June 13, 2023 for the SEC's proposed expansion of the scope of Regulation Systems Compliance and Integrity ("Reg SCI") to cover, among other entities, broker-dealers defined by various measures of size.
The Federal Financial Institutions Examination Council revised its guidance for banks on compliance with the Home Mortgage Disclosure Act and related regulations.