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SEC Alert! SEC Adopts Amendments to Proxy Rules Governing Proxy Voting Advice Amendments Address Concerns by Investors and Others Regarding Rules That May Impair the Timeliness and Independence of Proxy Voting Advice.

Source: https://www.sec.gov/news/press-release/2022-120 The final amendments rescind two rules applicable to proxy voting advice businesses that the Commission adopted in 2020. Specifically, the final amendments rescind conditions to the availability of two exemptions from the proxy rulesโ€™ information and filing requirements on which proxy voting
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Ruh Roh! Mortgage Applications Decrease in Latest MBA Weekly Survey: -4% week-to-week, -18% year-over-year ( below 2008 levels ), 4 week moving average down -17.25%.

Ruh Roh! Mortgage Applications Decrease in Latest MBA Weekly Survey: -4% week-to-week, -18% year-over-year ( below 2008 levels ), 4 week moving average down -17.25%. After reaching a record $460,000 in March 2022, the average purchase loan size was $415,000 last week. Source: https://www.mba.org/news-and-research/newsroom/
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Today, the U.S. Office of Financial Research published a working paper, "Central Bank Digital Currency: Stability and Information."

Source: https://www.financialresearch.gov/working-papers/2022/07/11/central-bank-digital-currency/ This working paper identifies two ways a CBDC may enhance rather than weaken financial stability. First, banks do less maturity transformation when depositors have access to CBDC, reducing their exposure to depositor runs. Second, monitoring the flow of funds into
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