What’s New

In light of court orders in ongoing litigation, the Consumer Financial Protection Bureau (CFPB) is amending Regulation B to extend the compliance dates set forth in its 2023 small business lending rule, as amended by a 2024 interim final rule, and to make other date-related conforming adjustments. More... The interim final rule is effective July 18, 2025 (Consumer Financial Protection Bureau, Regulation B, Docket CFPB-2025-0017) and was published in the Federal Register on June 18, 2025.

The CFPB is rescinding the final rule “Protections for Borrowers Affected by the COVID-19 Emergency Under the Real Estate Settlement Procedures Act (RESPA), Regulation X.” More... The interim final rule is effective July 15, 2025 (Consumer Financial Protection Bureau, Regulation X, Docket CFPB-2025-0014) and was published in the Federal Register on May 16, 2025.

The Board, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) are inviting public comment on a notice of proposed rulemaking to modify the enhanced supplementary leverage ratio standards applicable to U.S. bank holding companies identified as global systemically important bank holding companies (G-SIBs) and their depository institution subsidiaries. More... Specifically, the proposal would modify the enhanced supplementary leverage ratio buffer standard applicable to G-SIBs to equal 50 percent of the bank holding company’s method 1 surcharge as determined by the Board’s G-SIB risk-based capital surcharge framework. The proposal would also modify the enhanced supplementary leverage ratio standard for depository institution subsidiaries of G-SIBs to have the same form and calibration as the G-SIB parent level standard. The proposed modifications would help ensure that the enhanced supplementary leverage ratio standards serve as a backstop to risk-based capital requirements rather than as a constraint that is frequently binding over time and through most points in the economic and credit cycle, thus reducing potential disincentives for G-SIBs and their depository institution subsidiaries to participate in low-risk, low-return businesses. The Board is also proposing to amend its total loss-absorbing capacity and long-term debt requirements to maintain alignment between these requirements and the enhanced supplementary leverage ratio standards. The OCC is proposing to revise the methodology it uses to identify which national banks and federal savings associations are subject to the enhanced supplementary leverage ratio standards to better align with the agencies’ regulatory tailoring framework for large banking organizations and ensure that the standards apply only to those national banks and federal savings associations that are subsidiaries of a G-SIB. The Board is also proposing to make conforming amendments to relevant regulatory reporting forms. The Board and the FDIC are also proposing to make certain technical corrections to the capital rule. Comments on this notice of proposed rulemaking must be received by August 26, 2025 (Docket R-1867).

The Board is seeking comment on proposed revisions to its large financial institution (LFI) rating system (LFI framework) and the rating system for depository institution holding companies significantly engaged in insurance activities, referred to as supervised insurance organizations (insurance supervisory framework), which is modeled on the LFI framework. More... The proposal would revise the component ratings that a firm must receive to be considered “well managed” under the frameworks. The proposed revisions reflect experience with the LFI framework since its introduction in 2018. Specifically, the proposed changes aim to ensure that a firm’s “well managed” status reflects that the firm has sufficient financial and operational strength and resilience to maintain safe-and-sound operations through a range of conditions, including stressful ones. The proposed revisions also seek to further align the application of the frameworks with the operation of other existing supervisory rating systems. The proposed revisions would not change the scope of firms to which the frameworks apply. Other changes to the frameworks and existing supervisory rating systems will be considered in the future. Comments on this notice of proposed revisions must be received by August 14, 2025 (Docket OP-1868).