Washington Report 360 | December 2, 2022

ESG, Sanctions, P2P, Virtual Currency, FCPA, and Mortgage Limits

Key Highlights

  • ESG. DOL final rule under ERISA allowing consideration of ESG factors in selecting retirement investments and exercising shareholder rights while reiterating maintenance of fiduciary standards.
  • Sanctions. DOJ prosecutors denote shift in focus to service providers sanctions compliance.
  • P2P. Participating platform US Banks collaborating on reimbursement processes for scam victims.
  • Virtual Currency. NY DFS proposed new rule on virtual currency assessment regulation. CFTC testifies at Senate AG committee hearing on the need to protect digital commodities investors.
  • FCPA. DOJ’s Criminal Fraud section signals upcoming updates to FCPA corporate enforcement policy.
  • Mortgage Limits. FHA sets 2023 national loan limits, exceeding $1MM.
Financial services regulatory news
SEC
CFTC
FINRA
Interagency
FRB
OCC
CFPB
  • Enforcement action against FS company for misleading customers on offered high-yield bank accounts
Treasury
FTC
NY DFS
HUD
FHFA
DOL
  • Final rule for plan fiduciaries to consider ESG factors in retirement investment selections
FSB
FATF
BIS

 

Financial services policy news
Senate
House

 

Industry news headlines

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Contact us 

Amy S. Matsuo

Amy S. Matsuo

Regulatory and ESG Insights Leader, KPMG US

+1 919-664-7100