Washington Report 360 | May 26, 2023

BIS

• BCBS, CPMI, IOSCO analysis of margin dynamics in centrally cleared commodities markets

CFPB

• Report: Q4 2022 overdraft/NSF revenue
• Enforcement action against bank for alleged credit card servicing violations
• Blog on mortgage borrowers and lending costs

CFTC

• Enforcement action against an alleged fraudulent digital assets trading scheme

FDIC

• Speech on economic inclusion in the banking system (Chair)

FINRA

• Report: Gen Z and Investing: Social Media, Crypto, FOMO, and Family

IOSCO

• Consultation paper on recommendations for regulation of Crypto and Digital Assets Markets

OCC

• Revisions to the Policies and Procedures Manual on Bank Enforcement Actions
• Updated "Liquidity" booklet of the Comptroller’s Handbook
• Speech on financial inclusion (Acting Comptroller) 

SEC

• Division of Investment Management Conference: Remarks on Emerging Trends in Asset Management – Chair; Director remarks
• Speech on SEC proposals for money market and open-end funds (Chair)

• Letter to Congress on the debt limit
• Launch of the Cloud Executive Steering Group to address cloud report recommendations

• “Fact sheet” on advancing responsible AI research, development, and deployment. Related RFI from Office of Science and Technology Policy, seeking comment through July 7, 2023

• Financial services committee hearing: FHFA Oversight: Protecting Homeowners and Taxpayers