FINRA warned its members of the rising trend in fraudulent customer account transfers through the Automated Customer Account Transfer Service.
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The MSRB proposed to amend its rules on confirmation, clearance, and settlement practices "to define regular-way settlement for municipal securities transactions as occurring one business day after the trade date" in order to align with recent SEC rule amendments to shorten the settlement cycle.
Comments on a CFPB proposal to amend Regulation Z, which implements the Truth in Lending Act, are due by May 3, 2023.
In the 2023 Economic Report of the President, the Council of Economic Advisers examined risks associated with crypto assets. The report also described benefits of certain innovations, including DLT and the development of a possible U.S. CBDC.
FDIC Chair Martin J. Gruenberg, Federal Reserve Board Vice Chair for Supervision Michael S. Barr and Treasury Undersecretary for Domestic Finance Nellie Liang testified before the House Financial Services Committee on the Signature Bank and Silicon Valley Bank failures.