In a joint letter to the SEC Chair, an industry coalition criticized the agency's recent enforcement sweep against investment advisers saying that the actions exceed the scope and application of recordkeeping rules on text messaging and other electronic communications.
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SIFMA and SIFMA Asset Management Group opposed FINRA's proposal regarding reporting requirements for delayed Treasury spot trades in corporate debt securities.
The CFPB proposed amendments to Truth in Lending regulations, to ensure that credit card companies uphold their obligations to charge fees that are "reasonable and proportional" on late payments.
The MSRB proposed a new rule that would "establish the core standards of conduct and duties of 'solicitor municipal advisors' when engaging in solicitation activities that would require them to register with the SEC and the MSRB as municipal advisors."
Comments on a CFPB proposal to establish a public registry of terms and conditions on form contracts that waive or limit consumer rights and protections are due by April 3, 2023.