The SEC issued a no-action letter that will allow accredited investors to self-certify their ability to participate in private securities offerings. Individuals now may certify that they are able to participate in private securities offerings even though they may not have the resources to determine which companies to invest in or to absorb the losses that may occur.

New CFPB leadership shuts down DEI programs and affinity groups within CFPB, undermining staff morale and inclusiveness.

The CFPB signals that it will continue certain enforcement actions—so far, especially those involving servicemembers and claims under the Military Lending Act.

The SEC withdrew the delegation of authority to the Director of Enforcement to open investigations and issue subpoenas. It will take longer for the SEC to investigate potential violations of the securities laws if the staff has to seek Commission authorization every time it wants to open an investigation.

The SEC approved a private credit interval fund geared toward retail investors. Interval funds only allow withdrawals once per quarter, which means they require a longer time commitment and are more expensive than ETFs.

OCC banks no longer have to get permission ahead of time from the OCC, demonstrating their ability to handle crypto activities in a safe and sound way. Now, those activities are just permitted. Even with the tougher standards and approval, banks were still getting into trouble with crypto. So, opening the floodgates will only make things worse…it will cause the regulators to have to clean up the mess after the problems have happened, banks get into trouble, consumers get hurt, financial system is endangered, etc.