Legislation

Republican lawmakers in the House and Senate have introduced legislation to overturn a 2024 final rule updating the process the Office of the Comptroller of the Currency uses to review proposed bank mergers. Read on »

The U.S House passed two measures nullifying rules finalized by the Consumer Financial Protection Bureau under the Biden-Harris administration with strong support from Republicans. The resolutions of disapproval targeted the bureau’s rule capping overdraft fees and its larger participant rule, applying to large digital payment providers. Read on »

As the Consumer Financial Protection Bureau prepares to rethink its final rule implementing small business lending requirements detailed in Sec. 1071 of the Dodd-Frank Act, community banking advocates expressed support for bills requiring the bureau to delete information collected about loan applicants for the sake of privacy. Read on »

Real estate finance professionals welcomed the reintroduction of legislation in the House and Senate aimed at eradicating the use of trigger leads in the real estate marketplace. The bills are the latest in a long series of bipartisan attempts to do so over the past half decade. Read on »

The House passed a resolution nullifying the Consumer Financial Protection Bureau’s (CFPB) final rule imposing a cap on overdraft fees charged by depository institutions. The 217-211 vote to repeal the controversial rule that would limit the maximum fee consumers could be charged for a single overdraft. Read on »

A litany of longstanding disagreements about how to increase accountability at the Consumer Financial Protection Bureau (CFPB) while still enabling it to carry out its statutory mission came to light during the House Financial Services Committee’s hearing titled, “A New Era for the CFPB: Balancing Power and Reprioritizing Consumer Protections.” Read on »

Numerous trade associations representing the financial services sector issued statements expressing either support for or opposition to various legislative pieces proposing policy changes concerning consumer credit products and services, small business loans and more. Learn about some of the views expressed in this roundup. Read on »

The Consumer Financial Protection Bureau’s final rule prohibiting lenders from considering medical debt and medical bills in consumer crediting decisions is the subject of a Congressional Review Act resolution seeking to nullify the rule. Read on »

Community bankers from across the country are urging Congress to include the bipartisan Access to Credit for our Rural Economy Act (ACRE), S.838, in the FairTax Act of 2025. The ACRE aims to improve credit access and lower borrowing costs for farmers, ranchers and rural homebuyers. Read on »

The Consumer Financial Protection Bureau’s decision to drop its lawsuit against three of the nation’s largest financial institutions over alleged security deficiencies in the digital payment platform Zelle elicited cheers from industry advocates and jeers from consumer advocates. The dismissal comes as Republicans in Congress seek to repeal the bureau’s larger participant rule, which allows the agency to exercise its statutory authority to supervise nonbank financial institutions. Read on »