The Washington Report | For the week ended February 6, 2015

The Washington Report | February 6, 2015

In this issue...


Safety & Soundness

  • FSOC Announces Changes to Nonbank Designations Process
  • FFIEC Updates Business Continuity Planning Booklet to Include Guidance on Third-Party Service Providers
  • Office of Financial Research Launches New Web Site
  • Basel Committee Seeks Comment on Guidance for Sound Credit Risk Practices Associated with Implementing and Applying an Expected Credit Loss Accounting Framework
  • Joint Forum Seeks Comment on Credit Risk Management Report and Recommendations 

Enterprise & Consumer Compliance 

  • CFPB and U.S. Department of Education Announce Student Loan Forgiveness Agreement with New Owner of For-Profit Colleges
  • CFPB Charges Company with UDAAP Violations
  • CFPB Orders Subprime Credit Card Company to Refund Illegal Credit Card Fees 


  • NAIC Forms Cybersecurity Task Force
  • IAIS Launches Thematic Self-Assessment and Peer Review on Market Conduct 

Capital Markets & Investment Management

  • FINRA Issues Proposal to Require ATS to Submit Quotation Information Relating to Fixed Income Securities
  • FINRA Publishes Report on Cybersecurity
  • SEC Addresses Cybersecurity in Two Publications
  • CFTC Extends Public Comment Deadline for Registration Applications of a Derivatives Clearing Organization and Swap Execution Facility
  • Enforcement Actions

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