Washington Report 360 | January 27, 2023

Weekly collection of regulatory activity in Washington D.C.

Financial services regulatory news
CFPB	Request for information on consumer credit card market Sponsored Appraisal Subcommittee hearing on appraisal bias Announced, as noted in the White House Fact Sheet, plans to issue an RFI exploring unfair practices in the residential rental market and guidance on rental information in credit reports
CFTC	Remarks at the Commodity Markets Council 2023 State of the Industry Conference Technical corrections to swap dealer regulations
FINRA	Podcast: Preparing for the Unexpected: The Ins and Outs and the Value of Succession Planning
FRB	Policy Statement to "level the playing field" for depository and non-depository banks supervised by the FRB, including banks engaged in “novel banking activities” such as crypto-asset-related activities. Speech: Staying the Course to Bring Inflation Down Enforcement action: Consent order alleging PPP loan fraud
FSB	Speech discussing systemic risks and financial stability
FTC	2023 update of size of transaction thresholds for premerger notification filings and interlocking directorates Annual Identity Theft Awareness week starting on January 30^th Announced, as noted in the White House Fact Sheet, plans to issue an RFI exploring unfair practices in the residential rental market
NY DFS	Consumer protection guidance for DFS-regulated virtual currency companies
OCC	Solicitation for research on emerging risks in the banking system
SEC	Proposed rule prohibiting conflicts of interest in certain securitizations Speech noting lessons for the crypto industry Enforcement action: Consent order alleging misleading disclosures about company’s valuation methodologies
Treasury	FinCEN alert on potential U.S. commercial real estate investments by sanctioned Russian Oligarchs Letter to Congress on taking emergency measures to address the debt ceiling

Financial services regulatory news
White house	Fact sheets: New Actions to Protect Renters and Promote Rental Affordability Expanding Access to Capital and Support for Small Businesses

Industry news headlines

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Banks want in on digital wallets — and the consumer data that comes with them (MarketPlace)

CFTC Chief Sees Bigger Role in Policing Voluntary Carbon Markets (Bloomberg)

Crypto giants are ‘collapsing under the weight of their own fraud’ (CNN Business)

Banks, Regulators Push for Mortgage Rule Changes (BankingExchange)

NYC Pension Funds Announce Proposals at Big Banks for Tougher Emissions Goals for Lending and Underwriting (ESGToday)

Wall Street heavyweights warn of pain ahead despite market’s recent reprieve (Reuters)

White House Considers Fed Vice Chair for Role as Biden’s Top Economic Adviser (WSJ)

Libor Is Still Due to Die, but Companies May Use Extensions (WSJ)

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