💼CFPB Considers Changes to Debt Collection Larger Participants Rule
The Consumer Financial Protection Bureau (CFPB or Bureau) is seeking information to assist it in considering whether to propose a rule to amend the test to define larger participants in the consumer debt collection market established by the Bureau's Defining Larger Participants of the Consumer Debt Collection Market Final Rule published on October 31, 2012 (Consumer Debt Collection Larger Participant Rule).
Learn More📜SEC Notice on Regulatory Responsibility Allocation and Correction
The Securities and Exchange Commission published a document in the Federal Register on July 23, 2025, concerning an Order Approving and Declaring Effective a Proposed Plan for the Allocation of Regulatory Responsibilities Between the Financial Industry Regulatory Authority, Inc. and Green Impact Exchange, LLC. The document contained typographical errors in the title and text.
Learn More📈SEC's Proposed Information Collection Rule 17a-3 for Broker-Dealers
The Securities and Exchange Commission announces a proposed information collection request under Rule 17a-3, setting standards for business records that broker-dealers must maintain. This ensures compliance with regulatory requirements, aiding effective examinations by the SEC and other authorities, and highlights the significant record-keeping burden on registered broker-dealers.
Learn More📄OMB Review Notice for SEC Rule 12d3-1 Extension
The Securities and Exchange Commission has submitted a request for the extension of Rule 12d3-1, permitting certain exemptions for portfolio investments by funds. The rule allows funds to invest in securities issued by subadvisers under specific conditions, requiring modifications to advisory contracts. The notice includes a call for public comments on the information collection related to this rule.
Learn More📈FINRA's Rule 6152 for Enhanced Disclosure of Order Execution
The SEC approves FINRA Rule 6152, mandating members submit order execution reports for NMS stocks for centralized publication. This rule aims to increase transparency and access to essential execution quality data for regulators, investors, and other stakeholders, facilitating better analysis and comparison of execution statistics.
Learn More📈SEC Notice on Regulatory Responsibilities Allocation Between FINRA and GIX
The SEC publishes a notice regarding a proposed regulatory responsibility allocation plan between FINRA and Green Impact Exchange, LLC (GIX). The plan seeks to alleviate regulatory redundancies for firms that are members of both organizations, specifically addressing compliance with rules and regulations to enhance operational efficiency and oversight.
Learn More💹MEMX Proposes Non-Display Add Tier 3 Fee Schedule Changes
MEMX LLC filed a proposed rule change with the SEC to amend its fee schedule by introducing a new tier, Non-Display Add Tier 3. This tier aims to enhance rebates for certain executing orders, fostering a competitive trading environment and incentivizing members to increase liquidity. The changes are designed to attract more order flow to the exchange, impacting trading costs and strategies.
Learn More🤖SEC Roundtable on Artificial Intelligence in Financial Industry Announced
The SEC has announced a public roundtable focused on artificial intelligence in the financial industry, inviting participation from market participants, academics, and industry professionals to discuss its risks, benefits, and governance. The meeting will be held at the SEC headquarters and is open for public attendance and feedback.
Learn More🏦Change in Bank Control Notices and Acquisitions of Bank Shares
The Federal Reserve announces criteria for Change in Bank Control Notices related to bank share acquisitions, emphasizing the importance of transparency and public comment on these applications. Interested parties can access filings and provide feedback by specific deadlines, ensuring regulatory compliance is maintained among stakeholders in the banking sector.
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