Washington Report 360 | June 23, 2023

BIS

• “Blueprint” for the future monetary and financial system

CFPB

• Reports on:
  • Servicemember use of digital payment apps
  • The Southern region of the U.S. – Banking and credit access and Consumer finances in rural areas
• Blog on worker surveillance and privacy harms

CFTC

• Whistleblower Office Alert (Division of Enforcement) seeking tips on carbon markets misconduct
• Speech on incident response and cyber resilience (Commissioner)

DOJ

• Speech on “promoting competition in banking” (Assistant Attorney General)

FDIC

• Speech on Basel III Endgame (Chair)
• Updated supervisory guidance on multiple re-presentment NSF fees

FRB

• Senior Credit Officer Opinion Survey Report on Dealer Financing Terms
• Database of financial institutions with access to, or requests to access, FRB master accounts and services
• NY FRB Conference on Governance and Culture Reform (playback link included) 

FSB

• Proposed toolkit for enhancing third-party risk management (TPRM) and oversight

FTC

• Notice to online marketplaces about compliance obligations under new INFORM Consumers Act (effective June 27, 2023)
• Charged a company with allegedly violating UDAP by subscribed consumers without consent and complicated attempts to cancel

HUD

• New FHA Office of Manufactured Housing Programs

IAIS

• RFC on proposed stakeholder engagement and consultation policy
• Final consultation related to 2024 adoption of insurance capital standard (including candidate ICS as a PCR and revisions to two Insurance Core Principles (#14, #17)

OCC

• Updated Asset Management booklet of the Comptroller’s Handbook

SEC

• Investor Advisory Committee meeting covering private fund activity, digital engagement practices, and other topics; prepared remarks (Chair)
• Reopened comment period for proposed rule on large security-based swap position reporting
• Charged and settled with a:
  • Company and former executive for alleged failures in executive perks disclosure
  • Fund adviser for allegedly overcharging fees and failing to disclose fee calculation conflict

House

• Financial services committee hearings on:
  • FRB’s semi-annual monetary policy report
  • Oversight of HUD
  • Oversight of SEC
  • Oversight of SEC’s Division of Trading and Markets

Senate

• Banking committee hearing on FRB’s semi-annual monetary policy report

White House

• Fact sheet on investments in community climate resilience
• Remarks on opportunities and risks of artificial intelligence