Washington Report 360 | June 10, 2022

A weekly newsletter covering legislative and regulatory developments affecting financial services firms—in 360 words or less.

SEC. Speech on Market Structure and the Retail Investor focusing on improving fairness and competition for retail investors (see KPMG Regulatory Alert here)
NY DFS. Regulatory guidance on the issuance of U.S. dollar-backed stablecoins

Financial services regulatory and policy news
SEC	Final rule amendments to electronic filing requirements; related statement Speech on market structure and the retail investor focusing on improving fairness and competition for retail investors Comment period for proposed rule on recovery of erroneously awarded compensation reopened Investor Advisory Committee draft recommendation on protecting older investors; related statements from Chairman and Commissioner
FRB	Speech on Risk in the Crypto Markets
OCC	Speech on the importance of CDFIs and MDIs
CFPB	Order terminating “No Action Letter” agreement with lender Report on 2017-2020 Financial well-being in America
FTC	Request for comment on possible revisions around dark patterns and other deceptive tactics in digital advertising Data Spotlight Report on consumer protection: fraud involving crypto currencies
Treasury	FinCEN advance notice of proposed rulemaking for No-Action Letter process OFAC publication of new and amended Russia-related Frequently Asked Questions
NY DFS	Regulatory guidance on the issuance of U.S. dollar-backed stablecoins
FHFA	Equitable housing finance plans for Fannie Mae and Freddie Mac
FSB	Final Report: G20 Data Gaps Initiative
BIS	Speech on managing expectations relating to finance and climate risk Bulletin on Blockchain scalability and the fragmentation of crypto

Financial services policy news
White House	Fact Sheets on Biden economic plan progress, Domestic clean energy manufacturing, the Americas partnership for economic prosperity, and Tackling climate change and creating clean energy jobs
Senate	Banking Committee advanced Fed and SEC nominees
House	Financial Services Committee request for top ten banks and insurance companies to submit data on involvement with Chattel Slavery Financing