The settlement would come on the heels of JPMorgan's record $13 billion settlement reached last month with the government.
The highly anticipated regulations are a cornerstone of the Dodd-Frank Wall Street reform law.
The Government Accountability Office reported inconsistent treatment of some new rules.
The draft regulations are meant to rein in market speculation.
The rule will impose new limits on the trading activities of Wall Street.
Obama hailed approval of final rules implementing core piece of Dodd-Frank reform law.
The Commodity Futures Trading Commission will vote on the rule behind closed doors.
The SEC is the only agency that will consider the matter privately.
CFPB Director Richard Cordray defended the effort on Thursday and promised that the bureau would be “vigilant“ in enforcing the “back to basics” regulations for mortgage lenders and servicers.
A bipartisan pair of senators told Treasury Secretary Jack Lew Thursday that it was too soon to take a “victory lap” on ending “too big to fail.”