Several important developments in recent days caught our attention. 

To no one's surprise, crypto was in the news. My white collar and defense colleague Christian Larson, one of our firm leaders on AML, provides an important update on what U.S. regulators are doing with regard to AML compliance within the crypto industry. 

In other important news, my fellow Washington, DC partner Mercedes Tunstall writes that the CFPB continues to look very closely at arbitration clauses in consumer financial services, and now the battle with Congress has intensified with a new CFPB-proposed rule. My UK partner Alix Prentice examines the Prudential Regulation Authority's plans for implementing Basel 3.1 standards for calculating risk-weighted assets. And I write about Acting Comptroller of the Currency Michael Hsu's views on "too-big-to-manage" (TBTM). 

Any comments or questions? Just drop me a note here.

Daniel Meade 
Editor, Cabinet News and Views