Washington Report 360 | March 3, 2023

Weekly collection of regulatory activity in Washington D.C.


Financial services regulatory news
  • Update on observed Sweep practices
  • Speech on CBDCs and the future of money and payments (Under Secretary for Domestic Finance)
  • Joint (Treasury, DOJ, DOC) “compliance note” on Russia-related sanctions evasion and export controls


Financial services policy news
White House

Industry news headlines

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Supreme Court to Hear Challenge to Consumer Bureau’s Funding (WSJ)

Biden National Cyber Strategy Seeks to Hold Software Firms Liable for Insecurity (WSJ)

SEC Expected to Raise More Questions About How Firms Calculate Non-GAAP Measures (WSJ)

Justice Department Policy Seeks to Spread the Pain of Corporate Fines (WSJ)

CFPB warns banks about high fees in prepaid benefits programs (American Banker)

House Financial Services Committee passes data privacy bill (American Banker)

'Backdoor ban' on crypto banking? Regulatory statements raise concerns (American Banker)

US Treasury to Lead New Working Group Looking at Digital Dollar (Bloomberg)

Senate Votes 50-46 to Reverse ESG Rule for Retirement Funds (WSJ)

Justice Department Hiring Dozens of New Prosecutors to Enforce Russian Sanctions (WSJ)

Insider-Trading Cases Once Deemed Too Hard to Crack Are Now Targets of U.S. Government (WSJ)

Contact us 

Amy S. Matsuo

Amy S. Matsuo

Principal and National Leader, Regulatory Insights, KPMG US

+1 919-244-0266