Joe Mont

The Office of the Comptroller of the Currency has is now seeking public comments on the best ways to modernize the regulatory the Community Reinvestment Act.

The CFPB’s student loan ombudsman may have quit, but he is not going quietly. “After 10 months under your leadership, it has become clear that consumers no longer have a strong, independent consumer bureau on their side,” Seth Frotman told his former boss, Acting Director Mick Mulvaney.

The Senate Banking Committee, on Thursday, approved the nomination of Elad Roisman for the Securities and Exchange Commission. He now heads to a confirmation vote by the full Senate.

The SEC has adopted amendments intended to enhance transparency in the municipal securities market. The amendments focus on material financial obligations that could effect liquidity, creditworthiness, and existing security holders’ rights.

The SEC has announced efforts to streamline certain disclosure requirements that have become “duplicative, overlapping, or outdated in light of other Commission disclosure requirements, and U.S. Generally Accepted Accounting Principles.”

The Department of Housing and Urban Development has announced a complaint against Facebook for “violating the Fair Housing Act by allowing landlords and home sellers to use its advertising platform to engage in housing discrimination.”

A recent public rulemaking petition asks the SEC to prohibit guidance that becomes binding and enforceable. A separate petition seeks more detailed revenue breakdowns in banks’ 10-K filings.