Washington Report 360 | February 17, 2023

Financial services regulatory news

• Report: Trends in Third-Party Debt Collections Tradelines Reporting
• Blogs:
  • Why the largest credit card companies are suppressing actual payment data on your credit report
  • Debt collectors re-evaluate medical debt furnishing in light of data integrity issues
  • Appraisal standards must include federal prohibitions against discrimination
  • "Coaches” or “consultants” advertise ability to assist with VA benefits claims but may not be accredited

• Unique product identifier (UPI) for swaps recordkeeping and reporting

• Launched Disruptive Technology Strike Force

• Report on financial stability risks of DeFi

• New Office of Technology
• Public forum on proposal to ban noncompete restrictions

• Revised Comptroller’s Licensing Manual Booklet: Change in Bank Control

• 2023 regulatory priorities, including climate risk/resiliency, data/AI/cybersecurity

• Final rule on T+1 standard settlement cycle
• Proposal to amend investment advisers’ Custody Rule
• Proposed amendments to the Privacy Act on handling personal information in the federal government
• Updated Regulation S-K questions on pay versus performance

• Fact sheets:
  • Executive Order to Strengthen Racial Equity and Support for Underserved Communities reinforcing earlier Executive Order
  • Interagency Task Force to Monitor and Combat Trafficking in Persons re: implementing the National Action Plan

• Banking committee hearing: Why Financial System Safeguards are Needed for Digital Assets