The Federal Reserve Board adopted a final rule, Regulation ZZ, to implement the LIBOR Act and establish benchmark replacements for contracts that reference certain tenors of U.S. dollar LIBOR.

FINRA re-opened the comment period on a proposed exemption from the trading activity fee for proprietary trading firms.

New York State Department of Financial Services Superintendent Adrienne A. Harris issued guidance to New York regulated banking entities planning to engage in virtual currency-related activities.

The SEC charged a broker-dealer for failing to file suspicious activity reports regarding OTC trades of low-priced securities. The SEC alleged the trades constituted a "red flag" as defined in the broker-dealer's own procedures.

Senator Pat J. Toomey (R-PA) and Senator Bill Hagerty (R-TN) introduced the CFPB Stability Act, a bill that would change the composition of the agency and subject it to the regular congressional appropriations process.