Federal Reserve Chair Jerome Powell appointed a new leader of the Fed Office of Inspector General, who will have oversight of the Consumer Financial Protection Bureau as well. Days later, the Fed announced its intent to investigate efforts to make massive staff cuts at the bureau ahead of his arrival.

The results of the Federal Reserve’s latest Senior Financial Officer Survey results indicated most bankers expect their balance sheets to remain unchanged over the next six months and plan to prioritize retention rather than growth strategies, with some exceptions.

More than 40 speakers will take the stage over three days this week at the 21st National Settlement Services Summit (NS3) at The Westin Pittsburgh in Pittsburgh, Pa. Over 600 attendees will hear from them during 18 sessions.

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.