Washington Report 360 | September 1, 2023

Interagency

• Proposed rule on long-term debt requirements; related statements from FDIC (here), FRB (here), and OCC (here)
• Proposed bank resolution plan guidance; related statements from FDIC (here) and FRB (here)

CFPB

• Proposed settlement with a credit repair companies (UDAAP and the Telemarketing Sales Rule)
• Consumer advisory on insurance cancellations and cost surges

CFTC

• Settled with a large investment bank for swap dealer recordkeeping (audio recordings) 

FDIC

• Proposed rule on large bank resolution planning; related statement (here)

FTC

• Upcoming workshops on 2023 draft merger guidelines (beginning September 5)
• Proposed consent order to resolve antitrust concerns in mortgage technology acquisition deal

• Court decision vacating SEC’s disapproval of a company’s digital assets exchange-traded products
• Cease & Desist Order against:
  • Media and entertainment company for alleged unregistered offering of non-fungible tokens (NFTs)
  • Trading services company with allegedly failing to file SARs
  • Global markets group of a large bank for recordkeeping failures around underwriting expenses