Read highlights about the key regulatory updates and explore more information on each.
The FDIC and OCC jointly issued two proposed rules in the Federal Register. The first would prohibit regulators from citing or acting against banks based on “reputation risk,” including actions tied to lawful but politically disfavored activities or protected speech (90 FR 48825). The second proposal would define “unsafe or unsound practice” under the Federal Deposit Insurance Act and establish clearer standards for issuing Matters Requiring Attention (“MRAs”) and supervisory communications (90 FR 48835). Public comments on both proposals are due by December 29, 2025.
For more information, visit:
https://www.federalregister.gov/documents/2025/10/30/2025-19715/prohibition-on-use-of-reputation-risk-by-regulators
For more information, visit:
https://www.federalregister.gov/documents/2025/10/30/2025-19711/unsafe-or-unsound-practices-matters-requiring-attention
More than 100 Republican lawmakers urged the Trump administration to preserve the CDFI Fund, citing its role in supporting rural and underserved communities. They noted the fund’s oversight of the newly permanent New Markets Tax Credit Program and its importance in expanding housing supply.
For more information, visit:
https://bankingjournal.aba.com/2025/10/republican-lawmakers-urge-trump-officials-to-preserve-cdfi-fund/
A federal court has barred the CFPB from enforcing its 2024 rule implementing Section 1033 of the Dodd-Frank Act, which required financial institutions to share consumer data at the consumer’s direction. The injunction follows a joint request from both the plaintiffs—including the Kentucky Bankers Association and Bank Policy Institute—and the CFPB to vacate the rule. The Bureau is now pursuing a replacement through a new rulemaking process. The court’s order remains in effect while the CFPB reconsiders the regulation.
For more information, visit:
https://bankingjournal.aba.com/2025/10/court-temporarily-halts-section-1033-rule-enforcement/
The CFPB published a new interpretive rule clarifying that the FCRA generally preempts state laws affecting broad areas of credit reporting, reaffirming Congress’s intent to establish national standards. The rule replaces a July 2022 interpretation that was withdrawn in May 2025 and takes effect immediately.
For more information, visit:
https://www.federalregister.gov/documents/2025/10/28/2025-19671/fair-credit-reporting-act-preemption-of-state-laws
The FCC voted to issue a notice of proposed rulemaking to update its TCPA rules, incorporating several recommendations from the American Bankers Association. Proposed changes include rescinding or revising the 2024 “revoke all” rule, eliminating the “provided number” condition for fraud alerts, and removing the internal “do not call” list requirement for certain callers. The FCC also seeks to strengthen protections against call spoofing by enhancing the STIR/SHAKEN [acronyms for "Secure Telephone Identity Revisited (“STIR”) and Signature-based Handling of Asserted Information Using toKENs"] authentication framework and requiring voice providers to verify caller ID information.
For more information, visit:
https://bankingjournal.aba.com/2025/10/fcc-advances-aba-backed-calling-rule-reforms/
The Federal Reserve plans to cut its bank supervision workforce by 30% by the end of 2026, according to a Wall Street Journal report cited by the ABA Banking Journal. An internal memo revealed the cuts will be overseen by Fed Vice Chair for Supervision Michelle Bowman and will reduce staffing in the Fed’s supervision and regulation division from 500 to approximately 350 employees.
For more information, visit:
https://bankingjournal.aba.com/2025/10/report-fed-to-trim-bank-supervision-staff-by-30/
The OCC and FDIC issued a proposed rule that would formally prohibit the use of “reputation risk” in supervisory actions. The rule would bar regulators from criticizing or directing banks to take adverse actions, such as account closures, based on customers’ political, social, cultural, or religious beliefs, constitutionally protected speech, or lawful but politically disfavored business activities. The FDIC also issued FIL-46-2025, noting the removal of reputation risk references from exam manuals. Comments will be accepted for 60 days after Federal Register publication.
For more information, visit:
https://www.fdic.gov/news/press-releases/2025/agencies-issue-proposal-prohibit-use-reputation-risk-regulators
The Fed released the third 2025 issue of Consumer Compliance Outlook, focusing on electronic payments and compliance with the Electronic Fund Transfer Act and Regulation E.
Topics will include:
The issue offers practical guidance for improving Reg E compliance amid the growth of real-time payment systems.
For more information, visit:
https://www.consumercomplianceoutlook.org/
The CFPB is evaluating workforce reductions due to a steep funding cut implemented by the Trump administration, which reduced its annual FRB funding from $823 million to $446 million. While internal emails reference potential layoffs as part of "workforce optimization," any job cuts remain on hold due to ongoing litigation filed by the National Treasury Employees Union. The U.S. Court of Appeals recently ruled that the CFPB director can terminate union employees, though the union may seek further review.
For more information, visit:
https://www.acainternational.org/news/cfpb-considers-more-layoffs-amid-budget-shortfall/
The FDIC has issued a request for comment on a proposed survey to assess the costs of compliance with AML/CFT obligations. The survey aims to collect data on direct compliance expenses at FDIC-supervised insured depository institutions and determine how much of the cost overlaps with other functions like fraud and credit card monitoring. The FDIC plans to coordinate with other regulators to extend the survey industry-wide.
Comments are due by November 12, 2025.
For more information, visit:
https://www.federalregister.gov/documents/2025/09/12/2025-17593/agency-information-collection-activities-proposed-new-information-collection-survey-of-the-costs-of
A federal judge in Kentucky granted the FRB’s motion for summary judgment, upholding the legality of Reg II's implementation of the Durbin Amendment, which requires debit card interchange fees to be reasonable and proportional. The case, filed by Linney’s Pizza in 2022, was dismissed. However, a North Dakota court recently ruled oppositely in a similar suit. Both cases may be appealed to higher courts.
For more information, visit:
https://bankingjournal.aba.com/2025/09/kentucky-court-upholds-reg-ii-interchange-fee-standard/
The CFPB issued a final rule rescinding its April 2022, November 2022, and April 2024 amendments to the Procedures for Supervisory Designation Proceedings under 12 C.F.R. Part 1091. Except for limited process adjustments, the rule restores the prior framework in full. The regulation governs how the CFPB designates certain nonbank covered persons for supervision.
For more information, visit:
https://www.federalregister.gov/documents/2025/09/25/2025-18622/procedures-for-supervisory-designation-proceedings
The ABA and the NCLC urged the FCC to revisit key provisions of its 2024 order on revocation of consent under the Telephone Consumer Protection Act (“TCPA”). Of concern are rules requiring banks to treat a single opt-out as revoking all prior consents (“revoke all”) and vague revocation language that banks must interpret broadly. The groups warned these provisions could hinder essential communications, like fraud alerts. They also requested an extension of the current “revoke all” rule waiver through April 11, 2027, if rulemaking is reopened.
For more information, visit:
https://bankingjournal.aba.com/2025/09/aba-nclc-ask-federal-communications-commission-to-revisit-revocation-rules/
The FRB released the agenda for its upcoming conference, "Community Banks: A Path Forward," to be held on October 9. Topics will include payments innovation, capital and liquidity standards, and shifting consumer expectations. The event will take place at the FRB headquarters in Washington, D.C., with limited in-person attendance by invitation and a public livestream via the FRB website and YouTube.
For more information, visit:
https://www.federalreserve.gov/conferences/community-bank-conference.htm
The OCC unveiled a restructured framework for bank supervision, effective October 1, replacing its Bank Supervision and Examination group with three new business lines:
The Office of the Chief National Bank Examiner has also been reorganized into five specialized divisions, each led by a deputy comptroller, with the Office of Financial Technology reporting directly to Chief National Bank Examiner Jay Gallagher.
For more information, visit:
https://www.occ.treas.gov/
The OCC and FDIC issued a proposed rule that would formally prohibit the use of “reputation risk” in supervisory actions. The rule would bar regulators from criticizing or directing banks to take adverse actions, such as account closures, based on customers’ political, social, cultural, or religious beliefs, constitutionally protected speech, or lawful but politically disfavored business activities. The FDIC also issued FIL-46-2025, noting the removal of reputation risk references from exam manuals. Comments will be accepted for 60 days after Federal Register publication.
For more information, visit:
https://www.fdic.gov/news/press-releases/2025/agencies-issue-proposal-prohibit-use-reputation-risk-regulators
The OCC and FDIC jointly proposed a rule to define “unsafe or unsound practice” for enforcement purposes under the Federal Deposit Insurance Act and to revise how examiners issue matters requiring attention (“MRAs”) and other supervisory communications. The rule aims to shift supervisory focus toward material financial risks and reduce emphasis on nonfinancial issues like documentation or process weaknesses. The proposal would also establish consistent standards for MRAs and allow tailoring of supervisory actions. Comments are due within 60 days of Federal Register publication.
For more information, visit:
https://www.fdic.gov/news/press-releases/2025/agencies-issue-proposal-focus-supervision-material-financial-risks
FinCEN, in coordination with the FDIC, FRB, OCC, and NCUA, issued updated FAQs addressing key aspects of SAR requirements. The guidance clarifies that SARs are not automatically required for transactions near the currency transaction reporting (“CTR”) threshold without evidence of evasion; reviews for continuing activity are not mandatory unless warranted; institutions may follow existing guidance for ongoing SAR filings; and documenting a decision not to file a SAR is not specifically required. The FAQs aim to reduce unnecessary burdens and help financial institutions better allocate compliance resources.
For more information, visit:
https://www.fincen.gov/news/news-releases/fincen-issues-frequently-asked-questions-clarify-suspicious-activity-reporting
The OCC announced multiple actions aimed at reducing regulatory burden for community banks, including guidance that tailors exam scope and frequency based on risk rather than fixed schedules. The OCC clarified that only core assessment standards from the Community Bank Supervision booklet will apply to exams involving retail non-deposit investment products. A separate bulletin emphasized that model risk management expectations should be proportionate to a bank’s risk profile and do not require prescriptive practices like annual validations. In addition, the OCC proposed rescinding its Fair Housing Home Loan Data System rule and expanding eligibility for expedited licensing procedures.
For more information, visit:
https://www.jdsupra.com/legalnews/federal-court-vacates-cfpb-s-medical-3134751/
The FSB released a report outlining next steps for authorities monitoring AI use and emerging vulnerabilities in the financial sector. Building on its 2024 AI report, the FSB highlights key challenges such as data gaps and the absence of standardized taxonomies. It also emphasizes growing systemic risk from third-party dependencies—especially involving generative AI (“GenAI”)—due to concentrated reliance on specialized infrastructure and providers. The report proposes indicators to assess the criticality and substitutability of AI service providers using the FSB’s third-party risk management toolkit.
For more information, visit:
https://www.fsb.org/2025/10/fsb-outlines-next-steps-for-authorities-on-ai-monitoring/
FSB Third-Party Management Toolkit:
https://www.fsb.org/2023/12/final-report-on-enhancing-third-party-risk-management-and-oversight-a-toolkit-for-financial-institutions-and-financial-authorities/
The FDIC, OCC, and Federal Reserve Board jointly announced the withdrawal of their interagency Principles for Climate-Related Financial Risk Management for Large Financial Institutions. Originally issued in October 2023, the principles are now rescinded effective immediately. The OCC had previously withdrawn its participation earlier this year. A notice of the withdrawal will be published in the Federal Register.
For more information, visit:
https://www.fdic.gov/news/press-releases/2025/agencies-announce-withdrawal-principles-climate-related-financial-risk
A group of senators, led by Senate Banking Committee Chairman Tim Scott and Senator John Kennedy, introduced the Streamline Act, which proposes to increase key reporting thresholds under the BSA. The bill would raise the currency transaction report (“CTR”) threshold from $10,000 to $30,000, and adjust suspicious activity report (“SAR”) thresholds from $2,000 to $3,000 and from $5,000 to $10,000, depending on the circumstances. The legislation would also require the Treasury Department to adjust these thresholds for inflation every five years.
For more information, visit:
https://bankingjournal.aba.com/2025/10/senators-propose-raising-bsa-reporting-thresholds/
Speaking at the ABA’s annual convention, Comptroller of the Currency Jonathan Gould emphasized the OCC’s commitment to reducing regulatory overreach for community banks. Recent actions include a 30% assessment reduction for banks under $40 billion in assets, the reinstatement of a dedicated supervisory group, and a shift in focus to material financial risks. The OCC will no longer examine community banks for compliance with agency policy beyond statutory requirements and is expediting licensing for mergers and applications. Gould also signaled plans to ease Community Reinvestment Act (“CRA”) reviews for community banks.
For more information, visit:
https://bankingjournal.aba.com/2025/10/occs-gould-outlines-agency-actions-to-aid-community-banking/
The CFPB has asked a federal court to stay a lawsuit challenging its Section 1033 open banking rule, stating it will initiate an accelerated rulemaking process to substantially revise the regulation. The Bureau plans to issue an advance notice of proposed rulemaking within three weeks. The motion cites the need to align with new leadership’s policy direction and correct perceived flaws in the original rule. Judge Danny C. Reeves granted the stay in Forcht Bank, N.A., et al. v. CFPB, in the Eastern District of Kentucky.
For more information, visit:
https://www.pymnts.com/news/cfpb/2025/cfpb-asks-judge-to-stay-lawsuit-as-it-revises-open-banking-rule/
Community advocacy organizations, including Rise Economy, fka California Reinvestment Coalition (“Rise”), the National Reinvestment Coalition (“NCRC”), the Main Street Alliance (“MSA”) and Reshonda Young (a small business owner and member of MSA), have filed a lawsuit against the CFPB seeking to compel implementation of the Section 1071 small business lending data collection rule under the Dodd-Frank Act. The plaintiffs allege the Bureau’s interim final rule delaying compliance deadlines violates the Administrative Procedure Act and the Equal Credit Opportunity Act by unlawfully withholding agency action and amending regulations without proper procedure.
For more information, visit:
https://www.consumerfinancemonitor.com/2025/07/25/community-groups-file-lawsuit-seeking-to-force-cfpb-to-implement-the-section-1071-rule/
The FHFA has issued a proposed rule to repeal its “Fair Lending Oversight and Equitable Housing Finance” regulation (12 C.F.R. Part 1293), citing Executive Order 14219. The agency stated the repeal aims to reduce regulatory burdens, eliminate overlap with other agencies, and promote financial prudence. Public comments on the proposal are due by September 26, 2025.
For more information, visit:
https://www.federalregister.gov/documents/2025/07/28/2025-14183/fair-lending-fair-housing-and-equitable-housing-finance-plans
The OCC has named Adam Cohen as Senior Deputy Comptroller and Chief Counsel. In this role, Cohen will lead the agency’s Law Department and advise on legal matters related to bank supervision, enforcement, licensing, litigation, and administrative actions. He will also contribute to policy development and interagency coordination, and serve on the OCC’s Executive Committee.
For more information, visit:
https://www.occ.treas.gov/
The OCC has appointed Kate Tyrrell as Chief of Staff and Senior Deputy Comptroller. In this role, she will support the Comptroller’s priorities, manage daily operations, oversee public affairs, and coordinate policy across agencies and with the Administration. Tyrrell previously held leadership roles in the private sector and served in senior positions at the FHFA, Treasury, and the D.C. Superior Court.
For more information, visit:
https://occ.gov/news-issuances/news-releases/2025/nr-occ-2025-75.html
The FRB and FDIC have released the public portions of resolution plans (“living wills”) submitted by the eight largest U.S. banking organizations and 56 foreign banking organizations, as required by the Dodd-Frank Act. The plans outline strategies for an orderly resolution under bankruptcy in case of failure. The FDIC also released public sections of resolution plans for 12 large insured depository institutions under its IDI Rule. All plans were due July 1, 2025, and are available on the agencies’ websites.
For more information, visit:
https://www.federalreserve.gov/newsevents/pressreleases/bcreg202%2050805a.html
Lawmakers have introduced the Unleashing AI Innovation in Financial Services Act (H.R. 4801), which would establish regulatory “sandboxes” at seven federal financial agencies—including the Fed, FDIC, OCC, SEC, CFPB, NCUA, and FHFA—to support AI experimentation by regulated entities without the burden of excessive regulation or enforcement risk. Separately, the Preventing Deep Fakes Act (H.R. 1734 / S. 2771) would create a task force to study and report on AI-related fraud in financial services.
For more information, visit:
https://bankingjournal.aba.com/2025/07/bill-would-create-regulatory-labs-for-financial-institutions-to-test-ai/
The FDIC issued FIL-39-2025 clarifying that pre-populated customer information can be used to satisfy CIP requirements under 31 C.F.R. § 1030.220. Information may be drawn from prior accounts, affiliates, or third-party sources, as long as customers can review, update, and confirm its accuracy. The institution must still form a reasonable belief of the customer’s identity and assess fraud risk based on its CIP procedures.
For more information, visit:
https://www.fdic.gov/news/financial-institution-letters/2025/fdic-supervisory-approach-regarding-use-pre-populated
The FRB announced that banks may now collect a customer’s TIN from a third party instead of directly from the customer, aligning with guidance from FinCEN and other federal regulators. While banks must still obtain the TIN before opening an account (with limited exceptions), this new flexibility is optional and designed to support compliance with CIP requirements.
For more information, visit:
https://www.federalreserve.gov/newsevents/pressreleases/bcreg20250731a.htm
President Trump has signed an Executive Order titled "Guaranteeing Fair Banking For All Americans," directing federal financial regulators to take steps to eliminate so-called “politicized or unlawful debanking.” The Order asserts that financial institutions have denied services to individuals and businesses based on their political or religious beliefs or legal business activities. Citing historical examples such as Operation Chokepoint and surveillance following the January 6 Capitol events, the Order establishes that banking decisions must rely solely on “individualized, objective, and risk-based analyses.” The Order:
The move follows recent remarks by President Trump claiming large banks declined to accept over $1 billion in deposits from him, forcing him to use smaller institutions.
For more information, visit:
https://www.whitehouse.gov/presidential-actions/2025/08/guaranteeing-fair-banking-for-all-americans/
Law firm Brownstein Hyatt Farber Schreck reports that the July 11 ruling by the U.S. District Court for the Eastern District of Texas vacating the CFPB’s medical debt reporting rule also found that the federal Fair Credit Reporting Act (“FCRA”) preempts state laws imposing similar restrictions. FCRA explicitly permits the inclusion of medical debt information in credit reports if the data is coded to conceal health-related details. The court concluded that both the CFPB’s rule and any conflicting state laws are invalid where they contradict this federal provision. The ruling could impact medical debt reporting laws in 15 states - California, Oregon, Washington, Colorado, Minnesota, Illinois, Maine, Vermont, New York, Rhode Island, Connecticut, New Jersey, Maryland, Virginia and Delaware —that have enacted restrictions since 2023, although the decision is currently only binding in Texas.
For more information, visit:
https://www.jdsupra.com/legalnews/federal-court-vacates-cfpb-s-medical-3134751/
BankingDive reports that the CFPB is preparing to file an adversary proceeding against Synapse Financial Technologies, alleging unfair practices and recordkeeping failures in the wake of its Chapter 11 bankruptcy. Former FDIC Chair Jelena McWilliams, the court-appointed trustee, stated that Synapse failed to maintain adequate records of consumer fund locations and did not reconcile them with records held by its partner banks — resulting in up to $90 million in unrecovered funds and customer inaccessibility. McWilliams noted the CFPB may pursue restitution via its civil penalty fund regardless of the status of Synapse’s bankruptcy case, following a final judgment.
For more information, visit:
https://www.bankingdive.com/news/cfpb-hold-synapse-accountable-missing-customer-funds-90-million-mcwilliams/757330/
FDIC Acting Chairman Travis Hill expressed full support for President Trump’s recent Executive Order, "Guaranteeing Fair Banking For All Americans." Hill emphasized that debanking law-abiding customers based on political, religious, or social views is unacceptable. He announced that the FDIC will soon propose a rule prohibiting examiners from citing reputational risk or encouraging account closures based on customers’ beliefs. The FDIC also plans to review whether supervised institutions have engaged in politicized or unlawful debanking and will coordinate with other agencies to safeguard access to banking services for all lawful individuals and businesses.
For more information, visit:
https://www.fdic.gov/news/press-releases/2025/statement-acting-chairman-travis-hill-executive-order-titled-guaranteeing
The FTC has released new data showing a more than four-fold increase since 2020 in reports from adults aged 60 and over who lost $10,000 or more — often their life savings — to impersonation scams. These scams involve fraudsters pretending to represent trusted institutions such as banks, government agencies, or tech companies to trick victims into transferring funds under false pretenses. The FTC's Consumer Protection Data Spotlight revealed that losses of over $100,000 reported by older adults jumped from $55 million in 2020 to $445 million in 2024 — an eight-fold increase. The most common scam narratives include false claims of suspicious account activity, alleged misuse of personal information in crimes, and fake tech support alerts warning of hacked accounts.
For more information, visit:
https://www.ftc.gov/news-events/news/press-releases/2025/08/ftc-data-show-more-four-fold-increase-reports-impersonation-scammers-stealing-tens-even-hundreds
Comptroller of the Currency Jonathan V. Gould has expressed support for President Trump’s Executive Order, "Guaranteeing Fair Banking For All Americans," which seeks to eliminate the use of “reputation risk” and other subjective factors that may result in politicized or unlawful debanking.
In a public statement, Gould confirmed that the OCC has already begun implementing changes consistent with the Order, including:
Gould emphasized the OCC’s commitment to depoliticizing the federal banking system and ensuring fair access to financial services for all Americans.
For more information, visit:
https://occ.gov/news-issuances/news-releases/2025/nr-occ-2025-78.html
The CFPB is planning to issue revised proposals for small business lending data collection under Section 1071 and consumer data sharing under Section 1033 by the end of 2025, according to its latest Rulemaking Agenda. The Bureau aims to release the 1071 proposal in October and the 1033 proposal in December. It is also weighing rescission of a nonbank registry rule and considering a rule to clarify UDAAP statutory language.
For more information, visit:
https://bankingjournal.aba.com/2025/08/cfpb-to-repropose-rules-on-small-business-lending-data-sharing/
The FDIC Board approved a proposed rule to simplify requirements for displaying the FDIC official digital sign and non-deposit signage across digital deposit-taking channels, including bank websites, mobile apps, and ATMs. The changes would revise elements of a 2023 rule by focusing signage placement on screens where it's most relevant to consumers. The final rule’s compliance date is anticipated to be January 1, 2027. Public comments will be accepted for 60 days following Federal Register publication.
For more information, visit:
https://www.fdic.gov/news/press-releases/2025/fdic-board-approves-proposal-amend-official-signs-and-advertising
FRB Vice Chair for Supervision Michelle W. Bowman spoke at the Wyoming Blockchain Symposium, emphasizing the agency’s evolving approach to technologies like blockchain in bank supervision. Bowman discussed recent developments, the impact of focusing on reputational risk, and the need for a tailored regulatory framework. She also suggested allowing FRB staff to hold small amounts of digital assets to gain hands-on understanding as the Fed prepares a supervisory framework for crypto asset issuers.
For more information, visit:
https://www.federalreserve.gov/newsevents/speech/bowman20250819a.htm
The Treasury Department has issued a request for comment on innovative methods to detect and mitigate illicit finance risks associated with digital assets. Published in the Federal Register [90 FR 40148], the notice supports Executive Order 14178 and fulfills a requirement of the GENIUS Act. The agency invites input on novel techniques and strategies to address digital asset misuse, with comments due by October 17, 2025.
For more information, visit:
https://www.federalregister.gov/documents/2025/08/18/2025-15697/request-for-comment-on-innovative-methods-to-detect-illicit-activity-involving-digital-assets
The FDIC has revised its Consumer Compliance Examination Manual (“CEM”) to remove references to disparate impact. The updates affect several chapters, including
A redline version of the manual showing all changes is available, and the FDIC noted it will continue providing such documentation for future updates.
For more information, visit:
https://www.fdic.gov/news/financial-institution-letters/2025/update-fdics-consumer-compliance-examination-manual
The FRB announced it will host a Payments Innovation Conference on October 21, 2025, to explore advancements in the payments system. The event will feature panels on topics such as the convergence of traditional and decentralized finance, stablecoin use cases, AI in payments, and financial product tokenization. The conference will be livestreamed, with further details forthcoming.
For more information, visit:
https://www.federalreserve.gov/newsevents/pressreleases/other20250903a.htm
The Federal Reserve Banks have released a special fraudfocused issue of Consumer Compliance Outlook, addressing emerging risks and preventive measures for financial institutions. Featured articles include guidance on
For more information, visit:
https://www.consumercomplianceoutlook.org/
President Trump has signed the Homebuyers Privacy Protection Act (H.R. 2808) into law, banning most uses of mortgage "trigger leads"—a practice in which credit bureaus sell consumer contact information after a mortgage credit inquiry. The new law amends Section 604(c) of the Fair Credit Reporting Act to prohibit credit reporting agencies from selling mortgage applicant data, except under limited, specified circumstances. The law aims to curb unwanted solicitations and protect consumer privacy. It will take effect on March 4, 2026, 180 days after enactment.
For more information, visit:
https://bankingjournal.aba.com/2025/09/aba-backed-bill-to-ban-abusive-trigger-leads-signed-into-law/
The FDIC has revised Chapter 4 of its Formal and Informal Enforcement Actions Manual to update its standards for terminating cease-anddesist and consent orders under Section 8(b) of the FDI Act. While a 2022 policy generally required full compliance before termination, the updated guidance now permits more discretion. Termination may be considered when an insured depository institution (“IDI”) has achieved substantial compliance, the order is no longer applicable, or new supervisory concerns have resulted in a replacement enforcement action.
For more information, visit:
https://www.fdic.gov/news/financial-institution-letters/2025/fdic-updates-its-enforcement-actions-manual-regarding
The Federal Reserve’s FedPayments Improvement group has published a new article titled “What’s New with New Account Fraud?” The piece highlights how new account fraud has evolved in recent years, particularly in the context of digital onboarding. It outlines common tactics used by fraudsters and provides guidance to help financial institutions better detect and prevent fraudulent account openings through improved identity verification and digital controls.
For more information, visit:
https://fedpaymentsimprovement.org/news/blog/whats-new-with-new-account-fraud/
The NCUA has announced the removal of all references to disparate impact liability from its Fair Lending Guide and related materials. This update follows Executive Order 14281, “Restoring Equality of Opportunity and Meritocracy,” which instructs federal agencies to eliminate the use of disparate impact analysis in all regulatory contexts.
As a result, NCUA examiners will no longer assess credit unions for disparate impact risk or review any internal disparate impact analysis or assessment procedures during the examination or supervisory process.
For more information, visit:
https://ncua.gov/newsroom/press-release/2025/ncua-disparate-impact-references-fair-lending-guide-and-other-materials
The OCC has announced a reorganization that elevates and renames its chartering and licensing function, appointing Stephen Lybarger as Senior Deputy Comptroller for Chartering, Organization and Structure. Comptroller Jonathan V. Gould said the move reinforces the agency's support for de novo bank formation, openness to competitive business combinations, and readiness to oversee licensing of payment stablecoin issuers.
For more information, visit:
https://www.occ.gov/news-issuances/news-releases/2025/nrocc-2025-85.html
The OCC has issued Bulletin 2025-22 to clarify how it will evaluate instances of politicized or unlawful debanking in licensing filings and Community Reinvestment Act (“CRA”) performance evaluations. This aligns with Executive Order 14331, Guaranteeing Fair Banking for All Americans. The OCC stated it will tailor such considerations based on each bank’s size, complexity, and risk profile. Future updates to the Licensing Manual, CRA Examination Procedures, and relevant regulations will incorporate these principles.
For more information, visit:
https://www.occ.gov/news-issuances/bulletins/2025/bulletin-2025-22.html
The OCC announced new measures to eliminate politicized or unlawful debanking in line with Executive Order 14331, Guaranteeing Fair Banking For All Americans. A bulletin issued to banks outlines how the OCC will evaluate debanking practices in licensing applications and CRA performance. The OCC has requested information from its nine largest regulated institutions and updated its consumer complaint portal to identify potential unlawful debanking. It is also assessing whether BSA/AML supervisory practices contribute to debanking and pledged interagency collaboration to address regulatory gaps.
For more information, visit:
https://www.occ.gov/news-issuances/news-releases/2025/nrocc-2025-84.html
The FRB, OCC, and FDIC have issued a joint request for comment on strategies to reduce payments fraud, with an emphasis on check fraud. The agencies are seeking public input on five key areas: interagency collaboration, education initiatives, regulatory and supervisory measures, data collection and sharing, and the development of Fed-operated tools and services. Recognizing that no single entity can combat fraud alone, the agencies are emphasizing cross-sector cooperation. Comments will be accepted within 90 days of publication in the Federal Register.
For more information, visit:
https://www.federalreserve.gov/newsevents/pressreleases/bcreg20250616a.htm
The CFPB has issued an interim final rule extending compliance dates for its 2023 small business lending rule under Regulation B. The rule, effective immediately, delays data collection and reporting deadlines by about one year due to ongoing legal challenges.
Covered financial institutions are permitted to continue using their small business originations from 2022 and 2023 to determine their compliance tier, or they may instead use their originations from 2023 and 2024, or from 2024 and 2025. Covered financial institutions are permitted to begin collecting protected demographic data required under the 2023 final rule 12 months before their new compliance date, in order to test their procedures and systems.
The Bureau also confirmed plans to initiate a new Section 1071 rulemaking and updated its grace period policy accordingly. Comments are due by July 18, 2025.
For more information, visit:
https://www.federalregister.gov/documents/2025/06/18/2025-11244/small-business-lending-under-the-equal-credit-opportunity-act-regulation-b-extension-of-compliance
The CFPB has proposed amending its 2013 rule governing the Civil Penalty Fund established under the Consumer Financial Protection Act. The proposed rule would eliminate provisions allowing the use of funds for consumer education and financial literacy programs, citing concerns over inadequate procedural guardrails and transparency. The proposed changes would take effect upon publication of a final rule. Public comments are being accepted through July 18, 2025.
For more information, visit:
https://www.federalregister.gov/documents/2025/06/18/2025-11248/consumer-financial-civil-penalty-fund-rule-amendment
The CFPB has issued a final rule, effective immediately, rescinding its 2012 rule that allowed a final rule to be considered issued upon posting on the CFPB website or publication in the Federal Register, whichever came first. The Bureau will now rely solely on the Federal Register publication as the official issuance date for rulemaking, reaffirming its commitment to transparency and public participation in the regulatory process.
For more information, visit:
https://www.federalregister.gov/documents/2025/06/18/2025-11241/procedure-relating-to-rulemaking-rescission
A federal judge has denied the CFPB’s attempt to vacate a settlement reached during the Biden administration with Chicago-based mortgage lender Townstone Financial Inc. over alleged redlining. Judge Franklin U. Valderrama ruled that undoing the agreement would undermine confidence in the finality of judgments. The decision may discourage other companies from attempting to overturn prior CFPB settlements.
For more information, visit:
https://news.bloomberglaw.com/banking-law/judge-denies-trump-cfpbs-bid-to-vacate-chicago-redlining-deal
The FDIC, OCC, and FRB have published the 2025 list of distressed or underserved nonmetropolitan middle-income geographies eligible for CRA consideration. Activities aimed at revitalizing or stabilizing these areas may receive CRA credit for 12 months following publication. A one-year lag period also applies to areas that were designated in 2024 but not in the current list.
For more information, visit:
https://www.occ.gov/news-issuances/news-releases/2025/nr-ia-2025-58.html
In McLaughlin Chiropractic Assocs. v. McKesson Corp., the Supreme Court ruled that district courts must independently interpret the TCPA using standard statutory construction, granting only limited deference to FCC interpretations. This decision significantly alters how private TCPA cases will be litigated and could lead to divergent rulings across circuits, especially on unresolved issues like the scope of automated telephone dialing systems (“ATDS”).
For more information, visit:
https://tcpaworld.com/2025/06/24/system-reboot-on-autodialers-mclaughlin-and-the-future-of-tcpa-statutory-interpretation/
The FRB announced it will no longer include reputational risk as a factor in its bank examination programs. References to reputational risk will be removed from supervisory materials and replaced with more specific financial risk discussions. The Board will train examiners for consistent implementation and coordinate with other regulators. The change does not affect expectations for sound risk management or how banks may consider reputational risk internally.
For more information, visit:
https://www.federalreserve.gov/newsevents/pressreleases/bcreg20250623a.htm
The OCC has issued a Notice and Request for Comment on proposed changes to its Bank Secrecy Act/Money Laundering Risk Assessment (“MLR System”). The revisions to the 2025 Risk Summary Form include adding bank-fintech partnerships as a new product/service/customer (“PSC”) category, removing "payable through accounts," and consolidating 14 existing PSCs into 7 streamlined categories. The changes aim to improve risk identification and resource allocation. Comments are due by August 25, 2025.
For more information, visit:
https://www.federalregister.gov/documents/2025/06/24/2025-11545/agency-information-collection-activities-information-collection-revision-comment-request-bank
The CFPB has issued a Policy Statement outlining its approach to referring potential criminal regulatory offenses to the DOJ. Effective immediately, the policy describes factors the Bureau will consider when making referrals, including the severity of harm caused, potential gains to the offender, the individual's expertise or licensure, and evidence of awareness of the illegality of the conduct.
For more information, visit:
https://www.federalregister.gov/documents/2025/06/27/2025-11982/guidance-on-referrals-for-potential-criminal-enforcement
FinCEN issued an Order permitting banks to obtain customer TINs from third parties instead of directly from the customer, as long as they comply with the Customer Identification Program (“CIP”) Rule. Issued in coordination with the OCC, FDIC, and NCUA, the Order aligns with existing CIP flexibility for credit card accounts and is optional for banks to adopt.
For more information, visit:
https://www.fincen.gov/news/news-releases/fincen-permits-banks-use-alternative-collection-method-obtaining-tin-information
The OCC released its Semiannual Risk Perspective for Spring 2025, identifying credit, market, operational, and compliance risks as the primary concerns for the federal banking system. Compliance risk remains elevated due to challenges related to BSA/AML, consumer compliance, increased fraud, account access issues, and evolving business models.
For more information, visit:
https://www.occ.gov/news-issuances/news-releases/2025/nr-occ-2025-63.html
As part of H.R.1, the "One Big Beautiful Bill Act," Congress approved a measure reducing the CFPB’s funding cap from 12% to 6.5% of the FRB’s total operating expenses, adjusted annually for inflation. Despite Senate efforts to eliminate CFPB funding entirely, the final provision survived negotiations and significantly limits the Bureau’s future budgetary authority.
For more information, visit:
https://www.cnbc.com/2025/07/09/trump-big-beautiful-bill-slashes-cfpb-funding-what-it-means.html
The FDIC issued FIL-27-2025, publishing its Consumer Compliance Supervisory Highlights for Summer 2025. The report reviews 2024 examination findings for state non-member banks and thrifts, including common violations, complaint trends, and enforcement actions. The FDIC issued $5.6 million in civil money penalties and supervised $33.3 million in voluntary restitution to 400,000 consumers. Three cases were referred to the DOJ for potential ECOA violations. Despite these issues, 97% of institutions were rated satisfactory or better for compliance and CRA performance.
For more information, visit:
https://www.fdic.gov/news/financial-institution-letters/2025/fdic-consumer-compliance-supervisory-highlights
The FDIC announced it is rescinding its 2024 Statement of Policy on Bank Merger Transactions and reinstating the version that was in effect before 2024. The previous policy will remain in place while the FDIC reviews its broader regulatory framework for bank mergers, with plans for future revisions. The reinstated policy becomes effective August 4, 2025.
For more information, visit:
https://www.federalregister.gov/documents/2025/07/03/2025-12493/statement-of-policy-on-bank-merger-transactions
The FFIEC has published the 2024 HMDA data, covering mortgage lending activity reported by 4,908 U.S. financial institutions. Released products include the Snapshot National Loan-Level Dataset, Dynamic Dataset, Aggregate and Disclosure Reports, and additional datasets for 2023 and 2021. Users can access and filter the data using the Data Browser Dataset Filtering tool.
For more information, visit:
https://ffiec.cfpb.gov/data-publication/2024
A federal court in Texas has vacated the CFPB’s medical debt reporting rule, which had required credit reporting agencies to remove medical debt from credit reports and barred lenders from using medical information in lending decisions. The rule, issued during the final days of the Biden administration, was challenged by credit union and credit reporting groups. The CFPB, under new leadership, joined the plaintiffs in April, arguing the rule exceeded the Bureau’s authority.
For more information, visit:
https://bankingjournal.aba.com/2025/07/court-vacates-medical-debt-rule/
The CFPB announced a settlement with FirstCash, Inc. and 19 subsidiaries to resolve a 2021 lawsuit alleging violations of the MLA. The Bureau claims that since 2016, the companies made pawn loans to servicemembers at interest rates above the MLA’s 36% cap, included illegal arbitration clauses, and failed to provide required disclosures. The settlement, if approved by the court, requires $5 million in redress, a $4 million civil penalty, and mandates future compliance with MLA requirements or use of a regulatory safe harbor.
For more information, visit:
https://www.consumerfinance.gov/about-us/newsroom/cfpb-reaches-settlement-with-firstcash-inc-and-its-subsidiaries-for-military-lending-act-violations/
July 14, 2025 – The FDIC Board has approved a Joint Notice of Proposed Rulemaking to rescind the February 1, 2024, final rule on the CRA and reinstate the version that was in effect as of March 29, 2024. The proposal will take effect once approved by the OCC and FRB and published in the Federal Register. A 30-day public comment period will follow.
For more information, visit:
https://www.fdic.gov/board/community-reinvestment-act-regulations-notice-proposed-rulemaking.pdf
The OCC issued Bulletin 2025-16 announcing it has removed references to disparate-impact liability from the Fair Lending booklet of the Comptroller’s Handbook and other OCC materials. Examiners have been instructed to cease examining for disparate impact. This action follows Executive Order 14281, which mandates eliminating disparate-impact liability across agencies. The OCC will continue to assess fair lending risk and take action in cases of disparate treatment.
For more information, visit:
https://www.occ.gov/news-issuances/bulletins/2025/bulletin-2025-16.html
The Senate has confirmed Jonathan Gould as Comptroller of the Currency in a 50–45 vote. Gould, a former senior deputy comptroller and OCC chief counsel, will succeed Acting Comptroller Rodney Hood. A former Senate Banking Committee staffer, Gould emphasized during his confirmation hearing that prudent risk-taking by banks is essential to sustaining a strong U.S. economy.
For more information, visit:
https://bankingjournal.aba.com/2025/07/senate-confirms-gould-as-comptroller-of-the-currency/
The OCC, FDIC, and FRB issued their fourth notice under the EGRPRA, requesting public comments on ways to reduce regulatory burden. This final phase focuses on three remaining categories: Banking Operations, Capital, and the Community Reinvestment Act. Comments will be accepted for 90 days following publication in the Federal Register.
For more information, visit:
https://www.occ.gov/news-issuances/news-releases/2025/nr-ia-2025-74.html
The House has passed the GENIUS Act, establishing a regulatory framework for payment stablecoins, in a 308–122 vote. The legislation, which marks a significant step for cryptocurrency regulation, follows intense debate among GOP factions. The bill now heads to President Trump, who has expressed strong support and is expected to sign it into law.
For more information, visit:
https://thehill.com/policy/technology/5412298-genius-act-crypto-regulation-5-things/
The CFPB has withdrawn its May 2025 direct final rule that would have eliminated the requirement for state officials to notify the Bureau when initiating enforcement actions under the Consumer Financial Protection Act. Due to significant adverse public comments, the CFPB reinstated 12 C.F.R. Part 1082 effective July 21, 2025, and plans to address the comments in a future rulemaking. The action does not directly affect financial institutions.
For more information, visit:
https://www.federalregister.gov/documents/2025/07/21/2025-13665/rescission-of-state-official-notification-rules-withdrawal
The ABA submitted a comment letter to the CFPB recommending changes to the Section 1071 small business lending data collection rule. The ABA urged the Bureau to reassess the rule's economic impact, expand exemptions for small banks, redefine small businesses as those with $1 million or less in annual revenue, and restrict data collection to the 13 fields mandated by Congress under the Dodd-Frank Act.
For more information, visit:
https://bankingjournal.aba.com/2025/07/aba-offers-fixes-for-small-business-lending-data-collection-rule/
The Treasury Department announced that FinCEN will postpone the effective date of its final rule requiring Anti-Money Laundering and Suspicious Activity Report filings by registered and exempt reporting investment advisers. The IA AML Rule, originally set to take effect on January 1, 2026, will now be delayed until January 1, 2028. FinCEN also plans to revisit the rule’s scope through a future rulemaking process and, in coordination with the SEC, reexamine the related proposed rule on customer identification program (“CIP”) requirements for investment advisers.
For more information, visit:
https://home.treasury.gov/news/press-releases/sb0201
Executive Order (“E.O.”) 14281, Restoring Equality of Opportunity and Meritocracy, was published in the Federal Register and directs the elimination of disparate-impact liability wherever possible. The E.O. asserts that disparate-impact legal theories undermine merit-based opportunity and a colorblind society. It revokes prior presidential directives supporting such liability, deprioritizes enforcement of statutes and regulations that rely on it, and mandates actions to remove such concepts from federal rulemaking.
For more information, visit:
https://www.federalregister.gov/documents/2025/04/28/2025-07378/restoring-equality-of-opportunity-and-meritocracy
The CFPB announced that it will not prioritize enforcement or supervision activities related to the Small Business Lending Rule under Section 1071 of the Dodd-Frank Act for entities not currently covered by the court-ordered stay in Texas Bankers Association v. CFPB. Instead, the Bureau will focus on urgent consumer threats, with particular attention to servicemembers and veterans, while it works to resolve the status of the rule and ensure consistency across affected entities.
For more information, visit:
https://www.consumerfinance.gov/about-us/newsroom/cfpb-keeps-its-enforcement-and-supervision-resources-focused-on-pressing-threats-to-consumers/
The CFPB has agreed to end its appeal in a lawsuit brought by the ABA, Texas Bankers Association, and others over changes to the Bureau’s UDAAP exam manual. The lawsuit challenged the CFPB’s expansion of the definition of “unfairness” to include discrimination. After a federal judge ruled in favor of the plaintiffs in 2023, the CFPB reversed the manual changes but had appealed the decision. The joint stipulation now ends the legal dispute.
For more information, visit:
https://bankingjournal.aba.com/2025/04/cfpb-agrees-to-end-udaap-lawsuit/
The CFPB has requested its removal as a plaintiff in CFPB v. Credit Acceptance Corporation, a case pending in the U.S. District Court for the Southern District of New York that challenges practices in the secondary auto finance market. The CFPB’s April 22 request follows congressional criticism over attempts to alter industry-wide practices via litigation against a single firm. The State of New York remains as the sole plaintiff in the case.
For more information, visit:
https://www.jdsupra.com/legalnews/cfpb-drops-indirect-lending-case-7240695
A federal appeals court panel has partially lifted a previous order that was interpreted by the Trump administration as authorization to lay off nearly 90% of the CFPB’s staff. The original order allowed reductions in force based on “particularized assessments” of job necessity. However, the U.S. Court of Appeals for the D.C. Circuit clarified that the administration overstepped its bounds. The case returns to U.S. District Judge Amy Berman Jackson, who will determine whether the planned layoffs violated her earlier injunction blocking dismantlement of the agency.
For more information, visit:
https://thehill.com/regulation/court-battles/5271727-appeals-court-cfpb-layoffs/
The CFPB has outlined its 2025 supervision and enforcement priorities in a memo from Chief Legal Officer Paul R. Paoletta. The Bureau will reduce the number of supervisory exams by 50%, shift its focus back to depository institutions, and prioritize cases involving actual fraud and measurable consumer harm. Other priorities include redress for service members and veterans, coordination with federal agencies to eliminate duplicative oversight, and a halt to pursuing cases based on novel legal theories or statistical fair lending models without evidence of intentional discrimination.
For more information, visit:
https://www.consumerfinancialserviceslawmonitor.com/2025/04/cfpb-announces-2025-supervision-and-enforcement-priorities/
The Fed has rescinded guidance related to crypto-asset and dollar token activities, including SR 22-6/CA 22-6 and SR 23-8/CA 23-5, and withdrawn from two 2023 interagency statements on crypto-asset risks and liquidity vulnerabilities. The Board stated that the move is intended to align regulatory expectations with evolving risks and to support innovation in the banking system. It will coordinate with other federal banking agencies to determine whether further guidance is warranted.
The Board is rescinding—SR 22-6/CA 22-6: Engagement in Crypto-Asset-Related Activities by Federal Reserve-Supervised Banking Organizations.
For more information, visit:
https://www.federalreserve.gov/newsevents/pressreleases/files/bcreg20250424a3.pdf
https://www.federalreserve.gov/newsevents/pressreleases/files/bcreg20250424a4.pdf
https://www.federalreserve.gov/newsevents/pressreleases/files/bcreg20250424a1.pdf
https://www.federalreserve.gov/newsevents/pressreleases/files/bcreg20250424a2.pdf
https://www.federalreserve.gov/newsevents/pressreleases/bcreg20250424a.htm
Acting Comptroller of the Currency Rodney E. Hood delivered recorded remarks at the National Fair Housing Alliance’s Responsible AI Symposium, emphasizing the ethical use of artificial intelligence in financial services. Hood discussed the OCC’s ongoing efforts to ensure responsible AI adoption in banking and highlighted the agency’s innovation initiatives, including Project REACh.
For more information, visit:
https://occ.gov/news-issuances/speeches/2025/pub-speech-2025-38.pdf
The CFPB has announced it will deprioritize enforcement actions based on its 2024 interpretive rule that treated Buy Now, Pay Later (BNPL) lenders as credit card providers under Regulation Z. The Bureau also indicated it is considering rescinding the rule altogether, reaffirming that its enforcement focus remains on more pressing consumer threats, especially those affecting service members and veterans.
For more information, visit:
https://www.consumerfinance.gov/about-us/newsroom/cfpb-announcement-regarding-enforcement-actions-related-to-buy-now-pay-later-loans/
The CFPB has asked a federal court to vacate its medical debt reporting rule, acknowledging it exceeded the Bureau’s statutory authority. The rule, issued at the end of the Biden administration, required the removal of medical debts from credit reports and barred lenders from using medical information in credit decisions. The CFPB joined plaintiffs—representing credit unions and credit reporting agencies—in arguing the rule was unlawful. A Congressional Review Act resolution to overturn the rule has also been introduced in both chambers of Congress.
For more information, visit:
https://bankingjournal.aba.com/2025/05/cfpb-asks-court-to-vacate-medical-debt-rule/
The CFPB has published its 2024 Consumer Response Annual Report, revealing that over 2.8 million consumer complaints were forwarded to more than 3,600 companies. Credit and consumer reporting issues accounted for 85% of all complaints, with consumers frequently citing incorrect information and misuse of reports, particularly against Equifax, Experian, and TransUnion. In over half of these cases, companies reported taking corrective action. The highest per capita complaint rates came from Florida, Georgia, D.C., Delaware, and Nevada.
For more information, visit:
https://files.consumerfinance.gov/f/documents/cfpb_cr-annual-report_2025-05.pdf
The OCC has issued a Request for Information (“RFI”) to gather feedback on the challenges community banks face in adopting digital banking solutions. The agency aims to support the safe and sound modernization of community banks, particularly in their partnerships with technology providers, and ensure a level playing field in the evolving digital landscape. Comments will be accepted for 45 days following publication in the Federal Register.
For more information, visit:
https://occ.gov/news-issuances/news-releases/2025/nr-occ-2025-41.html
The FDIC, OCC, and Federal Reserve Board have released updated host state loan-to-deposit ratios, replacing the ratios issued in May 2024. These ratios reflect the relationship between total loans and deposits in each state and are used to evaluate whether interstate branches are helping meet the credit needs of their communities, in compliance with federal law.
For more information, visit:
https://www.federalreserve.gov/newsevents/pressreleases/bcreg20250512a.htm
In the Federal Register, the CFPB has published three notices of withdrawal of proposed rules:
For more information, visit:
https://www.federalregister.gov/documents/2025/05/15/2025-08646/electronic-fund-transfers-through-accounts-established-primarily-for-personal-family-or-household
For more information, visit:
https://www.federalregister.gov/documents/2025/05/15/2025-08645/prohibited-terms-and-conditions-in-agreements-for-consumer-financial-products-or-services-regulation
For more information, visit:
https://www.federalregister.gov/documents/2025/05/15/2025-08644/protecting-americans-from-harmful-data-broker-practices-regulation-v-withdrawal-of-proposed-rule
The CFPB has submitted for Federal Register publication an interim final rule with a request for public comment that would rescind its 2021 "Protections for Borrowers Affected by the COVID-19 Emergency Under the RESPA, Regulation X" rule published at 86 FR 34848 on June 30, 2021. The interim final rule is scheduled for publication on May 16, 2025, and will become effective 60 days later (July 15, 2025). Comments are due by June 16, 2025.
For more information, visit:
https://public-inspection.federalregister.gov/2025-08643.pdf
The CFPB has issued a proposal to rescind its “Registry of Nonbank Covered Persons Subject to Certain Agency and Court Orders” rule, also known as the Repeat Offender Rule or NBR Rule. The rule, finalized in July 2024, requires certain nonbank entities subject to final public orders related to consumer financial services to report those orders to a CFPB-maintained registry and to file annual compliance statements. The CFPB now argues that the rule’s compliance costs outweigh its speculative benefits, and that existing federal and state enforcement mechanisms are sufficient to monitor and address consumer harm. Public comments will be accepted through June 13, 2025.
For more information, visit:
https://www.federalregister.gov/documents/2025/05/14/2025-08345/registry-of-nonbank-covered-persons-subject-to-certain-agency-and-court-orders-proposed-rescission
The CFPB has published a notice in the Federal Register announcing the immediate withdrawal of 67 guidance documents issued since the agency’s inception in 2011. The withdrawn documents include policy statements, interpretive rules, advisory opinions, and other guidance. The Bureau stated that these materials should not be enforced or relied upon pending further review. Although the withdrawals are not necessarily final, the CFPB indicated that additional guidance reviews are underway.
For more information, visit:
https://www.federalregister.gov/documents/2025/05/12/2025-08286/interpretive-rules-policy-statements-and-advisory-opinions-withdrawal
President Trump has signed two Congressional Review Act resolutions nullifying recent CFPB rules. The first overturns the Bureau's "Overdraft Lending: Very Large Financial Institutions" rule, and the second rescinds the rule defining larger participants in the market for general-use digital consumer payment applications. Under the Congressional Review Act, these rules cannot be reissued in substantially the same form.
For more information, visit:
https://bankingjournal.aba.com/2025/05/with-trump-signing-repeal-of-cfpb-overdraft-rule-aba-to-drop-lawsuit/
The CFPB has withdrawn its December 2024 order placing Google Payment Corporation under federal supervision. The withdrawal was disclosed in a notice posted to the CFPB's website and reported by https://www.pymnts.com/ . Following the Bureau's action, Google’s parent company, Alphabet, has agreed to withdraw its lawsuit challenging the CFPB’s supervisory designation.
For more information, visit:
https://www.pymnts.com/news/cfpb/2025/cfpb-pulls-plug-on-google-payment-oversight-alphabet-to-withdraw-lawsuit/
The CSBS has called on the OCC to rescind its current preemption regulations. In a letter to Acting Comptroller Rodney Hood, CSBS President and CEO Brandon Milhorn urged the OCC to align its rules with Executive Orders 14219 and 14267, which direct agencies to eliminate unlawful and anti-competitive regulatory barriers. The CSBS further requested that the OCC propose new rules consistent with the National Bank Act and recent Supreme Court interpretations.
For more information, visit:
https://www.csbs.org/newsroom/occ-should-rescind-unlawful-preemption-rules
Acting Comptroller of the Currency Rodney E. Hood spoke at the Building Societies Annual Conference in Birmingham, England, highlighting the OCC’s ongoing priorities. These include reducing regulatory burden, enhancing financial inclusion, supporting responsible innovation in fintech and digital assets, and reinforcing the role of banks in expanding economic opportunity and fostering community trust.
For more information, visit:
https://occ.gov/news-issuances/speeches/2025/pub-speech-2025-43.pdf
The OCC has issued an interim final rule rescinding its 2024 final rule and policy statement regarding bank merger applications under the Bank Merger Act. The new rule restores streamlined application procedures and expedited reviews for business combinations involving national banks and federal savings associations. The interim final rule takes effect upon publication in the Federal Register, with a 30-day public comment period.
For more information, visit:
https://occ.gov/news-issuances/news-releases/2025/nr-occ-2025-44.html
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