OFAC published four new general licenses, a food security fact sheet on "Russian Sanctions and Agricultural Trade" and three amended FAQs.

Acting Comptroller of the Currency Michael J. Hsu underscored the OCC's cautious approach to regulating cryptocurrency and digital markets. He highlighted recent "concerning" survey results that showed nearly 20 percent of cryptocurrency investors borrowed money to finance their investments.

At a Senate Banking Committee hearing, Ranking Member Pat Toomey (R-PA) raised numerous concerns about the proposed "National Critical Capabilities Act," also known as "outbound CFIUS."

A commercial bank settled parallel CFPB and OCC charges for (i) deceptive practices in marketing prepaid debit card program and (ii) deficiencies in its operational and risk management controls.

Treasury issued a request for comment on the implications of the development and adoption of digital assets. Comments are due by August 8, 2022.