🏡CFPB Seeks Comments on New Information Collection Regarding Mortgage Disclosures
In accordance with the Paperwork Reduction Act of 1995 (PRA), the Consumer Financial Protection Bureau (CFPB) requests the extension of the Office of Management and Budget's (OMB's) approval of a new information collection titled "ICBA Disclosure Testing: Qualitative Pre-testing of Survey (Testing) Instrument and Modified Disclosure Forms."
Learn More📈SEC Notice on MIAX Fee Schedule Update - Key Implications for Businesses
The Securities and Exchange Commission publishes a notice regarding the Miami International Securities Exchange's proposed rule change to amend its Fee Schedule by deleting obsolete language concerning temporary discounts for liquidity taker event reports. This aims to clarify the fee structure for subscribers and ensure accurate information post-system upgrades.
Learn More🏦FDIC Sunshine Act Meeting
The Federal Deposit Insurance Corporation (FDIC) will hold a public meeting to discuss vital matters, including updates on the Deposit Insurance Fund Restoration Plan. The board's discussions may influence banking policies and regulatory frameworks affecting financial institutions and stakeholders. Participants can observe the meeting via webcast for further engagement.
Learn More💸Cboe Introduces Excessive Mass Cancel and Purge Fee for Market Makers
The Cboe Exchange proposes a new fee structure targeting excessive mass cancellation and purge activity among Market Makers trading SPXW options. This initiative aims to promote efficient use of exchange resources, deter disruptive trading behaviors, and ensure fair access to market systems. The planned fees are tiered based on activity levels, reflecting the goal of reducing strain on system capacity.
Learn More💻Nasdaq ISE Introduces FPGA Technology for Enhanced Market Data
Nasdaq ISE proposes to introduce FPGA technology as an optional delivery method for its Depth of Market Data Feed. This development aims to enhance data processing capabilities for users, promising more predictable data delivery during peak trading times, responding to customer demand in the marketplace. The change will become effective soon, pending approval.
Learn More📊Nasdaq MRX Proposes FPGA Technology for Market Data Feed
The Securities and Exchange Commission has published a notice about Nasdaq MRX's proposed rule change to offer field-programmable gate array (FPGA) technology as an optional delivery mechanism for its Depth of Market Data Feed. This change aims to address customer demand and improve the predictability of data transmission in trading activities.
Learn More🏦Bank Merger Act Rule Restores Expedited Review Process
The OCC is adopting an interim final rule to restore the streamlined application and expedited review to its procedures for reviewing applications under the Bank Merger Act and rescinding a policy statement that summarized the OCC's review of proposed bank merger transactions under the Bank Merger Act.
Learn More📜CFPB Rescinds State Enforcement Rule Impacting Financial Businesses
The Consumer Financial Protection Bureau (Bureau or CFPB) is rescinding its May 2022 interpretive rule regarding the scope of State enforcement under section 1042 of the Consumer Financial Protection Act of 2010 (CFPA) and related provisions.
Learn More📉CFPB Proposes Rescission of Nonbank Registry Rule
The Consumer Financial Protection Bureau (Bureau or CFPB) is proposing to rescind its rule requiring certain types of nonbank covered persons subject to certain final public orders obtained or issued by a government agency in connection with the offering or provision of a consumer financial product or service to report the existence of the orders and related information to a Bureau registry.
Learn More🔒Analysis of IRS Insider Risk Management Privacy Act Exemptions
In accordance with the requirements of the Privacy Act of 1974, as amended, the Department of the Treasury is issuing a final rule, exempting a new Internal Revenue Service (IRS) system of records (SOR) entitled "Department of Treasury/Internal Revenue Service-- 34.018, Insider Risk Management Records" from certain provisions of the Privacy Act. The IRS Insider Risk Management system was established for information collected in connection with the IRS Insider Risk program to identify potential threats to IRS resources and information assets and facilitate management of insider threat investigations, complaints, inquiries, and counterintelligence threat detection activities. Specifically, the Department exempts portions of this SOR from one or more provisions of the Privacy Act because of criminal, civil, and administrative enforcement requirements.
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