House Financial Services Committee Chair Patrick McHenry (R-NC) and Ranking Member Maxine Waters (D-CA) urged the Government and Accountability Office to undertake an immediate examination of the causes leading to the closures of Silicon Valley Bank and Signature Bank.

SEC Chief Accountant Paul Munter described auditor’s supervisory responsibilities currently incorporated in the PCAOB standards, and provided "reminders on good practices for audit committees and issuers."

The CFPB is seeking comment on the business practices of data brokers and the collection and sale of consumer information.

The Federal Reserve Board will begin operating the FedNow℠ instant payment service in July.

The CFPB warned student loan servicers against attempting to collect on private student loans that had been discharged in bankruptcy.