Washington Report 360 | June 2, 2023

Interagency

• Proposed rule on quality control standards for automated valuation models; related White House “Fact Sheet”

• CPMI to host panel on promoting harmonization of API protocols for cross-border payments

CFPB

• Reports on:
  • Medical billing and collections among seniors
  • Deposit insurance coverage on funds stored through payment apps; related consumer advisory
• Enforcement action addressing alleged UDAAP violations of a nonbank installment lender

CFTC

• Staff Advisory on risks associated with derivatives clearing organizations clearing of digital assets; related statement (Commissioner)
• ANPR on potential amendments to risk management program requirements for swap dealers and futures commission merchants

FDIC

• Quarterly Banking Profile for Q1 2023; related remarks (Chair)
• Notice of Summary of Deposits survey due July 31

FHFA

• RFI on tenant protections at multifamily properties

FINRA

• Settled an enforcement action alleging an asset manager provided misleading account statements to customers

FRB

• Speech on financial stability and the economy (Governor)

FTC

• Enforcement actions regarding alleged violations related to:
  • Competitive business practices for debit card payments networks
  • Surveillance of customers, privacy breaches
  • Data retention and deletion rules under Children’s Online Privacy Protection Act

• Proposed new loan modification option

• Final “Issues Paper” on Insurance Sector Operational Resilience

• Settled enforcement actions related to insider trading and sales practices

• Guidance, issued jointly with IRS, on Inflation Reduction Act programs to incentivize manufacturing and clean energy investments

• Banking Committee hearing on advancing U.S. national security, economic security, and foreign policy