Muni Bond Overseer Faces Constitutional Challenge

Also, flipping the script at House hearing on housing supply; NCUA chief halts overdraft disclosures; CFPB dismisses Zelle case; CRA resolution on IRS DeFi rule passes Senate

The Municipal Securities Rulemaking Board is celebrating its 50th anniversary this year. Some in the financial industry are now trying to ensure the regulator doesn’t make it to 51.

The MSRB has spent most of its existence in relative obscurity, despite a vast remit overseeing the $4 trillion muni bond market. But a recent lawsuit questioning the organiz…