Washington Report 360 | September 2, 2022

A weekly newsletter covering legislative and regulatory developments affecting financial services firms—in 360 words or less.

Real-time payments. FRB announced a mid-2023 launch timeline for its FedNow Service. (See KPMG Regulatory Alert here)

Financial services regulatory news
SEC	Final amendments to the Whistleblower Rule; related speech Enforcement action against two individuals and their investment adviser company for allegedly failing to uphold their fiduciary duty and perpetrating a fraud against clients
FRB	Launch timeline for FedNow Service; related speech Speech on monetary policy and price stability (remarks at Jackson Hole, WY) Economic Research Paper: Financial Stability Implications of Digital Assets
OCC	Speech on community banks, digitalization, and supervision
CFPB	Report on the finances of consumers in rural areas; first in series
FTC	Final agenda for public forum on commercial surveillance and data security (September 8) Enforcement actions against companies for allegedly: Selling consumer geolocation data Misleading consumers with false pre-approved credit offers
FHFA	Comprehensive review of the federal home loan bank system scheduled
FSB	Speech on Making the most of digital payments – a cross-border perspective
BIS	BIS Working Papers: Big Techs vs Banks Building portfolios of sovereign securities with decreasing carbon footprints