HFSC Approves Diversity and Inclusion Bills on Thin Margins
This week’s HFSC markup approved measures offered by Chairwoman Waters (D-CA) and Reps. Beatty (D-OH) and Green (D-TX) addressing diversity and inclusion. All three passed on 30-23 votes, making it unsurprisingly clear that none is non-controversial and all will face GOP opposition that will slow floor action and endanger passage in the Senate.

Treasury Ramps-up Sanction-Impact Review
In conjunction with an industry meeting yesterday, Deputy Treasury Secretary Adeyemo provided new insights into Treasury’s review of U.S. economic and financial sanctions.

FDIC Heightens Shadow-Insurance Enforcement Focus
Following its RFI on bank signage and advertising requirements, the FDIC today proposed promised procedures for investigating and enforcing statutory prohibitions on misrepresentations of FDIC deposit insurance or misuse of the FDIC’s name or

Biden Announces Forthcoming Plan for Financial-Sector Climate Resilience
Although President Biden was expected to issue an Executive Order that would mandate greater climate-risk disclosures as soon as today, today’s rollout of the Administration’s climate policy included a Presidential proclamation, multiple speeches, and the International Climate Finance Plan demanded by an earlier E.O., but no such order