The month of June began in similar fashion to the previous two months – with a double-digit jump in mortgage application volume, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey.

The U.S. Senate confirmed a new deputy secretary of the U.S. Department of Housing and Urban Development (HUD) with a vote of 51-43. He previously served as HUD chief of staff under former HUD Secretary Ben Carson.

The Consumer Financial Protection Bureau singled out rulemakings pertaining to its Loan Originator Compensation (LO Comp) rule and mortgage servicing rules for review by the Office of Management and Budget. The inclusion of the word “rescission” in the official title listed for the LO Comp rulemaking has raised questions among legal experts.

The Consumer Financial Protection Bureau asked a federal court to vacate the agency’s data privacy rule, implementing Sec. 1033 of the Dodd Frank Act. The bureau’s arguments against its own rule paralleled those expressed by its most ardent detractors.

The state of New York approved a series of consumer protection laws targeting exploitative corporate practices as part of its 2026 budget package. Among the notable portions of the legislation is its establishment of state-level oversight for Buy Now, Pay Later lenders.

Acting comptroller of the currency Rodney Hood defended federal preemption regulations employed by the Office of the Comptroller of the Currency in a letter to the Conference of State Bank Supervisors, saying the regulations are consistent with Dodd-Frank.

The Independent Community Bankers of America has expressed conditional support for several of Nacha’s proposed amendments to the Automated Clearing House operating rules, emphasizing the need for balanced implementation while considering operational risks and fraud prevention.

The Senate voted to confirm Michelle “Miki” Bowman to serve at the Federal Reserve’s vice chair for supervision. The financial services industry, which has expressed strong support for Bowman since her nomination in March, reacted favorably to her confirmation.

The Federal Deposit Insurance Corp. released the results of its quarterly banking profile, summarizing financial data collected from 4,462 insured commercial banks and savings institutions for the first quarter.