Federal Reserve encourages market participants to stop using LIBOR; Dr. Heath Tarbert confirmed as Chairman of the CFTC.
The SEC announced enforcement and education initiatives for teachers and military.
The CFTC issued no-action relief from the uncleared swap margin rule for certain amendments to legacy swaps.
Next week, the Senate Banking Committee will conduct a hearing on “Data Brokers and the Impact on Financial Data Privacy, Credit, Insurance, Employment and Housing” and the House Financial Services Committee will conduct “An Examination of State Efforts to Oversee the $1.5 Trillion Student Loan Servicing Market.”
The House Judiciary Committee will conduct "a top-to-bottom review of the market power held by giant tech platforms;" the DOJ and FTC will each review large Big Tech companies. (WSJ)
The North American Securities Administrators Association (NASAA) adopted an information security model rule package for state-registered investment advisers covering cybersecurity and privacy practices.
The FCC voted to allow cellphone companies to implement technology that will block robocalls to their customers, as long as consumers have the ability to opt out of the call-blocking service.
Nevada enacted legislation to implement a closed-loop banking pilot program for the cannabis industry. (SmartBrief)
Federal Reserve Governor Bowman stated the banking regulators will clarify that banks may provide services to industrial hemp businesses. (SmartBrief)
Dr. Heath Tarbert was confirmed confirmed as Chairman of the CFTC; his term will begin July 15, 2019.
The Federal Reserve encourages market participants to stop using LIBOR ahead of 2021; Federal Reserve supervisory teams will evaluate the preparedness of large firms’ transition plans away from LIBOR as part of monitoring discussions.
The CFPB issued a Quarterly Consumer Credit Trends report report focusing on the relationship between consumers’ applications for credit and their credit scores.
The BIS published:
The FSB published: