Washington Report 360 | September 8, 2023

CFPB

• Report on role of Big Tech firms in mobile payments
• Remarks on fintechs, payments, and open banking
• Blog on federal student loan borrowers

CFTC

• Remarks on crypto regulation and competition
• Consent orders settling charges of:
  • Registration violations related to "DeFI protocols"
  • Foreign exchange fraud 

FDIC

• New “Banker Engagement Site” through FDIConnect for FS companies and FDIC to exchange info
• Quarterly Banking Profile Q2 2023

FINRA

• Regulatory Notice on extension of time requests related to T+1 settlement
• Podcast: “A Closer Look at Crypto: The Crucial Role of FINRA’s CAI Team”

FRB

• Remarks on payments innovation (Vice Chair)
• Enforcement action related to BSA/AML and compliance deficiencies

• Progress report on financial stability implications of liquidity stress in non-bank financial intermediation
• Joint paper (with IMF) on macroeconomic and financial stability risks associated with crypto-assets

• Risk Alert on investment adviser supervision
• Consent cease and desist orders:
  • Financial firm for securities registration
  • Five investment advisers for alleged violations of the Custody Rule
  • Private equity firm for alleged disclosure inadequacies

• Banking Committee approved nominations for Federal Reserve Board members (here and here) and Vice Chair (here)