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    • The SEC has fined 16 firms more than $81 million combined to settle charges for widespread recordkeeping failures.
    • Last year, CFPB filed 29 enforcement actions, with key areas of scrutiny surrounding lending discrimination and unfair fee practices. In 2024, the agency plans to increase its capacity to enforce the law when emerging technologies harm consumers.
Regulatory Change
    • FincEN proposes to extend anti-money laundering and countering-the-financing-of-terrorism obligations to investment advisers. The proposed rule is part of a broader overhaul to the U.S. AML regime that includes the now-effective Corporate Transparency Act and upcoming rulemaking to enhance the Customer Due Diligence Rule.
    • The FCC has amended Telephone Consumer Protection (TCPA) Regulations  to clarify and strengthen consumers’ rights to grant and revoke consent to receive robocalls and robotexts.