Washington Report 360 | May 19, 2023

CFPB

• Spotlight Report: Consumer experiences with overdraft programs
• Blog: Building resilience and durability into mortgage rules

CFTC

• Staff advisory on prime brokerage arrangements and DCO registration requirements
• 2023-2025 proposed work program for the Global Markets Advisory Committee

FHFA

• RFI on Fannie Mae and Freddie Mac’s single-family pricing framework

FINRA

• Podcast: Enforcement and Economics: Driving Better Case Outcomes Through Collaboration

FRB

• Supervision and Regulation Report (biannual report)
• Speeches on the:
  • U.S. economic outlook and considerations for monetary policy (Governor)
  • Evolving Nature of Banking, Bank Culture, and Bank Runs (Governor)

FTC

• Policy Statement on Biometric Data and Section 5 (UDAP)

HUD

• New policies relating to home equity conversion mortgages
• Compliance/Conciliation agreement to advance environmental justice

Justice

• Announced five cases in connection with recently launched Disruptive Technology Strike Force

• Proposed amendments and new rule to enhance risk management and resilience for covered clearing agencies
• Conference on Emerging Trends In Asset Management (Inaugural event)
• Speeches on:
  • Cybersecurity and protecting investors (Commissioner)
  • Financial stability and resiliency (Chair)
• Enforcement actions against:
  • Ten microcap companies for allegedly violating Reg A
  • CEO and two senior executives for allegedly conducting a fraud scheme that targeted retirement accounts

• FinCEN supplemental alert relating to potential Russian export evasion attempts
• Progress report on Russian oil price cap’s success
• Speech discussing recent developments in the banking system and the debt limit (Secretary)
• Letter to Congress on the debt limit

• Financial services committee hearing on Oversight of prudential regulators
• Digital Assets, Financial Technology, and Inclusion subcommittee hearing on How Legislation Will Help Stablecoins Achieve Their Promise

• Banking Committee hearing Oversight of Financial Regulators
• Banking subcommittee hearing on Strengthening Accountability at the Federal Reserve