FINRA Board authorizes proposed rulemaking to amend "borrowing and lending rule.” FINRA adopts rules on broker-dealer misconduct. DOL will not enforce fiduciary investment duty rules issued late last year. House Financial Services Committee considers proposed legislation on diversity and equity. FRB issues guidance for assessment of LIBOR transition plans.

Commissioner Crenshaw urges reconsideration of SEC policy on penalties. Financial Services Chair urges banking agencies to let leverage relief expire. SEC updates guidance for companies with expiring confidential treatment orders. FINRA highlights impact of educational intervention in detecting financial fraud.

Senate Banking Committee Chair Sherrod Brown criticizes "gamification" of GameStop. NASAA promotes protection of retail investors in federal legislative agenda. FINRA offers guidance on sales charge discounts for investment fund products. NFA proposes compliance rule for CPO members.

FCA announces dates for LIBOR cessation. SEC charges telecommunications company with selective disclosure violations. FRB extends termination date of paycheck protection program liquidity facility. FRB expands definition of minority depository institutions to include women-owned financial enterprises. NYDFS approves virtual currency charter for BitGo NY.

SEC Division of Examinations issues 2021 examination priorities. IOSCO releases 2021-2022 priorities.

CFPB warns of imminent eviction risks following end of pandemic protections. FRB Governor highlights steps to strengthen the financial system. SEC Commissioner Hester Peirce warns of "legacy financial system" resistance to innovation. Treasury and State sanction Russia in response to poisoning of Aleksey Navalny. Effective date set for FDIC codification of supervisory guidance. MSRB temporarily reduces certain market activity fees.

Senator Elizabeth Warren unveils "ultra-millionaire" tax. FFIEC updates Bank Secrecy Act / AML Examination manual. DTCC proposes method for shortening U.S. settlement cycle. SEC provides guidance on investing in ESG funds. SFA highlights 2021 priorities. Cadwalader Client & Friends Memo: Unwelcome Intrusion: Reckoning with the Impact of Economic Sanctions on Derivatives Transactions.

SEC to update guidance on climate change-related disclosure. Gas exploration company and CEO settle SEC charges for undisclosed CEO perquisites. SEC awards $9.2 million to whistleblower for related DOJ actions. SIFMA argues CAT should be liable for data breaches. IOSCO proposes next steps for improved sustainability reporting.

U.S. House Financial Services Committee considers bill on fair lending. CFPB to delay compliance date for Qualified Mortgage Rule. FASB proposes implementation guides for 2021 U.S. GAAP financial reporting taxonomy. Firm settles FINRA charges for failing to safeguard nonpublic customer information. Broker-Dealer settles FINRA charges for failure to implement risk management controls. Associations urge extension of modified supplementary leverage ratio.

SEC Commissioner Peirce reaffirms agency mission in light of GameStop. SIFMA highlights negative consequences of proposed reimposition of New York State Stock Transfer Tax. NYDFS reports on investigation into Facebook's transmission of sensitive data. CRS considers implications of Congressional Review Act "lookback provisions" for 117th congress.