OFAC imposed a new round of sanctions targeting economic sectors that generate "substantial revenue" for the Russian regime. OFAC also issued General Licenses authorizing certain transactions along with related FAQs.

Comments on a FINRA-proposed rule change to "treat a private residence at which an associated person engages in specified supervisory activities as a non-branch location" are due by August 23, 2022.

FINRA proposed to amend the Code of Arbitration Procedure for Customer Disputes and the Code of Arbitration Procedure for Industry Disputes to impose additional requirements for expunging customer dispute information.

In a full committee hearing, the Senate Banking Committee examined the risks posed to investors in connection with the "increasing presence of fraud" in the cryptocurrency and general securities markets.

A custodial bank settled CFPB charges for (i) applying for lines of credit and opening deposit accounts on behalf of customers without their consent, (ii) obtaining consumer reports with personal information without justification, and (iii) pressuring employees into selling products to customers to meet predetermined sales goals.