The CFPB is required by the Dodd-Frank Act to conduct a study of the use of agreements providing for arbitration of any future dispute between covered persons and consumers in connection with consumer financial products or services. The CFPB has requested comments to help identify the appropriate scope of the study, as well as appropriate methods and sources of data for conducting the study.
Comments are due June 23rd, 2012.
The CFTC has issued a final rule concerning commodity options and an interim final rule adopting a trade option exemption. The final rule adopts the CFTC's proposal to generally permit trading of commodity options subject to the same rules applicable to other swaps. The interim final rule includes a trade option exemption for physically delivered commodity options purchased by commercial users of the commodities underlying the options.
Comments on the interim final rule are due June 26th, 2012.
The effective date will be June 26th, 2012.