Week of May 16, 2022 - Regulatory Updates

Updates from agencies like OST, SEC, FRB, CFPB, and OCC from May 02, 2022 to May 08, 2022.


The agencies regulating the Banking and Financial Services Industry under Title 12, Title 13, Title 17, and Title 31 of the Electronic Code of Federal Regulations (eCFR) publish daily updates on their websites that contain information including Guidance, Bulletins, Press Releases, etc. Please find the summary of the updates by these agencies from May 02, 2022 to May 08, 2022.

Final Rules that became Effective this Week

eCFR Updates through Final Rules

Publish Date Agency Effective Date Document Number Regulation
May 02, 2022 OFAC May 02, 2022 2022-09371 31 CFR 589-A-101-N/A
May 02, 2022 OFAC May 02, 2022 2022-09371 31 CFR 589-B-(201-215)-N/A
May 02, 2022 OFAC May 02, 2022 2022-09371 31 CFR 589-C-(300-343)-N/A
May 02, 2022 OFAC May 02, 2022 2022-09371 31 CFR 589-D-(401-414)-N/A
May 02, 2022 OFAC May 02, 2022 2022-09371 31 CFR 589-E-(501-521)-N/A
May 02, 2022 OFAC May 02, 2022 2022-09371 31 CFR 589-F-601-N/A
May 02, 2022 OFAC May 02, 2022 2022-09371 31 CFR 589-G-(701-705)-N/A
May 02, 2022 OFAC May 02, 2022 2022-09371 31 CFR 589-H-(801-802)-N/A
May 02, 2022 OFAC May 02, 2022 2022-09371 31 CFR 589-I-901-N/A

Federal Register Summary

PD NOT PR RULES PD SD PAGES
May 06, 2022 102 13 26 00 04 477
May 05, 2022 79 08 06 12 00 308
May 04, 2022 56 10 09 00 05 386
May 03, 2022 80 07 06 01 00 145
May 02, 2022 77 04 09 01 01 551

PD - Publish Date; NOT - Notices; PR - Proposed Rules; RULES - Rules; PD - Presidential Documents; SD - Significant Documents; PAGES - Number of Pages.

Agency Publications Summary

OFFICE OF THE SECRETARY OF THE TREASURY

Publish Date Title Industry Verticals
May 08, 2022 Document Code: N/A, Title: U.S. Treasury Takes Sweeping Action Against Russia’s War Efforts, Related Rules: 31 Money and Finance: Treasury
May 06, 2022 Document Code: N/A, Title: U.S. Treasury Issues First-Ever Sanctions on a Virtual Currency Mixer, Targets DPRK Cyber Threats, Related Rules: 31 Money and Finance: Treasury
May 06, 2022 Document Code: N/A, Title: Statement from Secretaries Yellen, Fudge, McDonough, and Vilsack on Continued Efforts to Connect Homeowners to Pandemic Relief, Related Rules: 31 Money and Finance: Treasury
May 05, 2022 Document Code: N/A, Title: Statement from Secretary of the Treasury Janet L. Yellen on the Joint Release of a Notice of Proposed Rulemaking (NPR), Related Rules: 31 Money and Finance: Treasury
May 05, 2022 Document Code: N/A, Title: Remarks by Assistant Secretary for Tax Policy Lily Batchelder for the D.C. Bar Association, Related Rules: 31 Money and Finance: Treasury
May 04, 2022 Document Code: N/A, Title: Report to the Secretary of the Treasury from the Treasury Borrowing Advisory Committee, Related Rules: 31 Money and Finance: Treasury
May 04, 2022 Document Code: N/A, Title: Quarterly Refunding Statement of Deputy Assistant Secretary for Federal Finance Brian Smith, Related Rules: 31 Money and Finance: Treasury
May 04, 2022 Document Code: N/A, Title: Minutes of the Meeting of the Treasury Borrowing Advisory Committee May 3, 2022, Related Rules: 31 Money and Finance: Treasury
May 03, 2022 Document Code: N/A, Title: Remarks by Treasury’s Counselor for Racial Equity Janis Bowdler at the 2022 Inclusiv Annual Conference in San Juan, Puerto Rico, Related Rules: 31 Money and Finance: Treasury
May 03, 2022 Document Code: N/A, Title: READOUT: Deputy Secretary of the Treasury Wally Adeyemo’s Roundtable with Asian American Pacific Islander (AAPI) Business Owners, Related Rules: 31 Money and Finance: Treasury
May 02, 2022 Document Code: N/A, Title: In Los Angeles, Deputy Secretary of the Treasury Wally Adeyemo Calls on State and Local Governments to Use American Rescue Plan Funds to Boost Affordable Housing Supply, Related Rules: 31 Money and Finance: Treasury
May 02, 2022 Document Code: N/A, Title: Treasury Announces Marketable Borrowing Estimates, Related Rules: 31 Money and Finance: Treasury
May 02, 2022 Document Code: N/A, Title: Economy Statement by Benjamin Harris, Assistant Secretary for Economy Policy, for the Treasury Borrowing Advisory Committee, Related Rules: 31 Money and Finance: Treasury

SECURITIES AND EXCHANGE COMMISSION

Publish Date Title Industry Verticals
May 06, 2022 Document Code: 2022-79, Title: SEC Charges NVIDIA Corporation with Inadequate Disclosures about Impact of Cryptomining, Related Rules: 12 Commodity and Securities Exchanges
May 06, 2022 Document Code: 2022-80, Title: SEC Issues Nearly $3.5 Million Award to Four Whistleblowers, Related Rules: 12 Commodity and Securities Exchanges
May 06, 2022 Document Code: 2022-81, Title: SEC Halts Fraudulent Cryptomining and Trading Scheme, Related Rules: 12 Commodity and Securities Exchanges
May 06, 2022 Document Code: N/A, Title: A Century with a Gold Standard, Related Rules: 12 Commodity and Securities Exchanges
May 06, 2022 Document Code: N/A, Title: Remarks Before the Small Business Capital Formation Advisory Committee, Related Rules: 12 Commodity and Securities Exchanges
May 06, 2022 Document Code: N/A, Title: Remarks at SEC Small Business Capital Formation Advisory Committee Meeting, Related Rules: 12 Commodity and Securities Exchanges
May 06, 2022 Document Code: N/A, Title: Ninth Annual Conference on Financial Market Regulation, Related Rules: 12 Commodity and Securities Exchanges
May 06, 2022 Document Code: N/A, Title: Small Business Capital Formation Advisory Committee Meeting, Related Rules: 12 Commodity and Securities Exchanges
May 03, 2022 Document Code: 2022-78, Title: SEC Nearly Doubles Size of Enforcement’s Crypto Assets and Cyber Unit, Related Rules: 12 Commodity and Securities Exchanges
May 02, 2022 Document Code: 2022-76, Title: SEC Charges CEO and President of Synergy Settlement Services with Fraudulent Operation of Special Needs Pooled Trusts, Related Rules: 12 Commodity and Securities Exchanges
May 02, 2022 Document Code: 2022-77, Title: OMWI Reports Highlight Progress in Diversity, Equity and Inclusion, Related Rules: 12 Commodity and Securities Exchanges

FEDERAL RESERVE SYSTEM

Publish Date Title Industry Verticals
May 06, 2022 Document Code: N/A, Title: Reflections on Monetary Policy in 2021, Related Rules: 12 Banks and Banking
May 05, 2022 Document Code: N/A, Title: Agencies issue joint proposal to strengthen and modernize Community Reinvestment Act Regulations, Related Rules: 12 Banks and Banking
May 05, 2022 Document Code: N/A, Title: Federal Reserve Board issues enforcement action with former employee of Synovus Bank, Related Rules: 12 Banks and Banking
May 04, 2022 Document Code: N/A, Title: Federal Reserve issues FOMC statement, Related Rules: 12 Banks and Banking
May 04, 2022 Document Code: N/A, Title: Plans for Reducing the Size of the Federal Reserve's Balance Sheet, Related Rules: 12 Banks and Banking
May 03, 2022 Document Code: N/A, Title: FOMC Press Conference May 4, 2022 Introductory Statement, Related Rules: 12 Banks and Banking
May 03, 2022 Document Code: N/A, Title: FOMC Press Conference May 4, 2022, Related Rules: 12 Banks and Banking

CONSUMER FINANCIAL PROTECTION BUREAU

Publish Date Title Industry Verticals
May 06, 2022 Document Code: N/A, Title: Credit reporting companies and furnishers have obligations to assure accuracy in consumer reports, Related Rules: 12 Banks and Banking
May 06, 2022 Document Code: N/A, Title: The CFPB’s 2021 Fair Lending Annual Report to Congress, Related Rules: 12 Banks and Banking
May 05, 2022 Document Code: N/A, Title: Exams lead to remediation for private loan servicers’ unfair practices, Related Rules: 12 Banks and Banking
May 04, 2022 Document Code: N/A, Title: CFPB Orders Bank of America to Pay $10 Million Penalty for Illegal Garnishments, Related Rules: 12 Banks and Banking
May 02, 2022 Document Code: N/A, Title: CFPB Supervisory Report Finds Unlawful Auto Repossessions, Breakdowns in Credit Report Disputes, Related Rules: 12 Banks and Banking
May 02, 2022 Document Code: N/A, Title: How to prevent and report scams targeting older adults, Related Rules: 12 Banks and Banking
May 02, 2022 Document Code: N/A, Title: Overcharging for add-on products on auto loans, Related Rules: 12 Banks and Banking

OFFICE OF THE COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY

Publish Date Title Industry Verticals
May 05, 2022 Document Code: NR 2022-48, Title: Acting Comptroller Issues Statement on Interagency Proposal to Modernize the Community Reinvestment Act, Related Rules: 12 Banks and Banking
May 05, 2022 Document Code: NR 2022-47, Title: Agencies Issue Joint Proposal to Strengthen and Modernize Community Reinvestment Act Regulations, Related Rules: 12 Banks and Banking
May 05, 2022 Document Code: OCC 2022-14, Title: Community Reinvestment Act: Interagency Notice of Proposed Rulemaking to Implement the CRA, Related Rules: 12 Banks and Banking
May 04, 2022 Document Code: NR 2022-46, Title: OCC to Host Virtual Innovation Office Hours, Related Rules: 12 Banks and Banking
May 03, 2022 Document Code: NR 2022-45, Title: OCC Releases CRA Evaluations for 23 National Banks and Federal Savings Associations, Related Rules: 12 Banks and Banking