Washington Report 360 | April 21, 2023

CFPB 

• Revised Methodology for Determining Average Prime Offer Rates
• Blog: "Focusing on ways to increase competition and reduce costs" re: credit card fees 

CFTC

• Revisions to Part 43 Block and Cap Sizes
• Statement on supervision of cross-border CCPs
• Proposed amendments to DCO risk management regulations

Energy

• Announcement of investments to accelerate access to solar energy and increase domestic solar manufacturing

FDIC 

• Semiannual update on the Deposit Insurance Fund Restoration Plan

FHFA

• NPRM on Fair Lending Oversight
• RFI in May 2023 on multifamily tenant protections

FRB

• Speech:
  • Financial innovation (Governor)
  • Considerations for a Central Bank Digital Currency (Governor)
• NY FRB blog:
  • “Measuring Climate Risk Exposure of the Financial System”
  • "Monitoring Banks’ Exposure to Nonbanks: The Network of Interconnections Matters”

• Proposed rule on analytic framework for financial stability risks
• Proposed interpretive guidance for designating nonbank companies for FRB supervision and enhanced prudential standards

HUD

• Fact Sheet on “Commitment to Fighting Climate Crisis”
• Grants to address unsheltered and rural homelessness

• Final rule on virtual currency assessment; processes to assess for supervision and examination

• Speech on open banking (Acting Comptroller)
• FFIEC’s 2023 guide to HMDA reporting

• Speech on partnering with states and other jurisdictions on investor protection (Commissioner)
• Enforcement actions against:
  • Crypto trading platform and former CEO for allegedly operating an unregistered exchange, broker, and clearing agency
  • Investment adviser for allegedly reporting material misstatements and omissions

• Round table discussion on Inflation Reduction Act incentives for underserved communities

• Executive Order on Commitment to Environmental Justice
• Presidential speech at the 2023 Major Economies Forum on Energy and Climate
• Statement on public/private section investment in electric vehicles

• Committee on Veterans Affairs hearing on veterans consumer protection

• Financial services committee hearing: Oversight of the SEC; related SEC testimony (Chair)
• Subcommittee hearings on:
  • “Reforms to Encourage Capital Formation and Investment Opportunities for All Americans”
  • “Understanding Stablecoins’ Role in Payments and the Need for Legislation”
• Energy & Commerce Subcommittee hearing on FTC’s FY 2024 budget; related FTC testimony discussing UDAP protections and unfair competition