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When Congress enacted the Dodd-Frank Wall Street Reform and Consumer Financial Protection Act in July 2010 amid the wreckage of the 2008 financial crisis, the financial services industry had no shortage of questions about the sweeping implications of the new law. Within a year, October Research, LLC, added a new publication to its portfolio with a mission to answer those questions and called it Dodd Frank Update. We have appreciated the positive feedback from the industry over the years affirming that our coverage in this space is among the most comprehensive available.

As the Consumer Financial Protection Bureau and other federal financial regulators pull back from some areas of supervision, state regulators are stepping up to fill the void in many respects. Dodd Frank Update took note of multiple expert perspectives on what some states are doing to align their efforts.

For this month’s installment of helpful appraisal tips from Dustin Harris, “The Appraiser Coach” addressed one of the biggest pain points he hears from appraisers who want to grow – creating standard operating procedures. He recommended some tools that can help with the process.

MISMO, the real estate finance industry’s standards organization, announced that its new Housing Counseling Dataset reached a major milestone on its road to implementation, following a thorough review by industry participants.

Kroll, an independent provider of global financial and risk advisory solutions, recently announced the launch of a newly integrated AI-enabled platform for commercial real estate investors.

The federal banking agencies published three proposals for modernizing the regulatory capital framework with the goal of streamlining requirements while maintaining a safe and sound banking system. The regulators urged interested stakeholders to submit comments on the proposals by June 18.

Ryan Lundquist, Certified Residential appraiser and housing market analyst, sat down with Dodd Frank Update to share insights on the problems that surface relating to comparables. Lundquist indicated one of the “problem” areas deals with a lack of data.

Mortgage originators will not have to concern themselves with potential indirect effects of the Financial Crimes Enforcement Network’s “Anti-Money Laundering Regulations for Residential Real Estate Transfers” final rule following a federal court decision vacating the controversial regulation.

The Consumer Bankers Association (CBA) is hosting its annual conference, CBA LIVE 2026, March 30-April 1, at the Hilton San Diego Bayfront in San Diego, Calif. For real-time coverage of the event, follow Dodd Frank Update on X (@DoddFrankUpdate) as we share photos and updates from the retail banking sector’s premier gathering.

The Appraisal Institute (AI) recently announced it is now integrated with the World Association of Valuation Organizations Global Education Hub, enabling real estate valuation professionals across the globe to access AI’s high-quality online education.

The financial services industry welcomed the introduction of four bills aimed at reforming the federal deposit insurance framework. One of the legislative proposals has strong bipartisan support.

The Mortgage Bankers Association (MBA) announced that Jill Ranck has joined the association as MBA’s director of associate membership. In this role, Ranck will serve as the primary contact for MBA’s associate members, supporting their business efforts while developing and executing strategies to strengthen their engagement with MBA.

The Federal Open Market Committee voted 11-1 to maintain the federal funds target rate, the Federal Reserve announced following the committee’s March 17-18 meeting. Committee members cited ongoing uncertainty in the Middle East among the factors affecting their decision.

The mortgage industry is undergoing a significant transformation with the introduction of the Uniform Appraisal Dataset 3.6 and the redesigned Uniform Residential Appraisal Report, which entered broad production in January and becomes mandatory by November. This shift moves the industry from static, form-based reporting to a data-driven, dynamic and technology-dependent process. Dodd Frank Update dove into this new era of appraisal reporting with Clear Capital Vice President of Product Dan McAlister.

A Texas jury awarded HouseCanary $175 million in damages on March 6, finding Rocket Close LLC (formerly Amrock and Title Source, Inc.) liable for misappropriating trade secrets and fraud related to home valuation analytics data.

As part of a broader effort to better coordinate efforts meant to support lawful innovation and uphold market integrity, the Securities and Exchange Commission and the Commodity Futures Trading Commission entered into a memorandum of understanding, the agencies announced on March 11.

CrossCountry Mortgage announced on March 18 that it has entered into an agreement to acquire a major retail lender based in Northern California.

The Federal Deposit Insurance Corp. announced its rescission of a 2009 policy statement to make it easier for private equity firms and other nonbanks to bid on failed banks.

A federal judge found that the Consumer Financial Protection Bureau acted unlawfully by refusing to request funding earlier this year. The judge also found that the CFPB’s director lacks the authority to determine whether the Federal Reserve has sufficient “combined earnings” to fund the agency.

March marks “Women’s History Month.” Dodd Frank Update reached out to ServiceLink Valuation Solutions Senior Vice President Liz Green, who shared her views on how women can succeed in the valuation space, while also addressing current issues dealing with regulatory compliance and data usage.

President Donald Trump signed two executive orders on March 13 aimed at spurring regulatory policy changes to increase mortgage credit access and affordable housing construction. Dodd Frank Update turned to Garris Horn LLP Co-Managing Partner Rich Horn for expert analysis.

Class Valuation, an appraisal management company (AMC), recently announced that it is one of the first AMCs to receive access to Collateral Underwriter, Fannie Mae’s proprietary appraisal risk assessment tool, marking a significant milestone for appraisal review and risk management.

The Federal Reserve finalized its analyses of four separate merger and acquisition proposals in the first half of March, which are summarized in this roundup of these approved business agreements.

The Senate voted 89-10 to pass the 21st Century ROAD to Housing Act on March 12. The bipartisan housing bill has received strong support from the financial services industry, although some trade advocates expressed concerns over revisions concerning limits on investments in single-family homes and a provision meant to curb appraisal bias.

West Capital Lending filed suit against loanDepot, claiming the nonbank mortgage lender violated multiple federal and state laws with its compensation practices. Dodd Frank Update obtained insight from a former Consumer Financial Protection Bureau attorney who helped write one of the regulations the company is accused of violating.

Why are “build-to-rent” properties continuing to gain ground in the market? An executive at BBG, a commercial real estate valuation company, offered Dodd Frank Update insight as to why these properties are on the rise, as well as marketing forces, performance and valuation perspectives at play.

Loretta Salzano, founder and president at Franzén and Salzano, and Michael Ridgway, president/CEO at Community Title Network and managing member of the Ridgway Law Group, answered a few questions about what they plan to cover in their upcoming October Research, LLC webinar.

The Appraisal Foundation (TAF) updates appraisers on the industry’s latest news by way of a monthly newsletter. TAF President Kelly Davids offered these observations.

Federal Reserve Vice Chair for Supervision Michelle Bowman said the agency plans to propose rules in the coming weeks designed to implement the final phase of its Basel III capital framework for the U.S. while speaking at the Cato Institute Policy Forum: Basel III and Bank Capital Rules in Washington, D.C., on March 12.

Dodd Frank Update spoke with Garris Horn Co-Managing Partner Troy Garris about how a recent Fifth Circuit Court decision offered mortgage lenders key legal insight about the meaning of “prior express consent,” as defined by the Telephone Consumer Protection Act.

Establishing a national framework for digital assets has proven to be a tall order. Thomas Grundy of Wolters Kluwer spoke with Dodd Frank Update about what is being done to address the fragmented set of state laws shaping this expanding portion of the financial ecosystem.

Former Appraisal Subcommittee Executive Director Jim Park, now the president/CEO of the Collateral Risk Network, sat down with Dodd Frank Update to discuss several issues for appraisers to take note of, including the previous administration’s appraiser diversity and inclusion efforts and the Property Appraisal and Valuation Equity Task Force.

MISMO, the real estate finance industry's standards organization, published a new dataset for the U.S. Department of Housing and Urban Development Addendum to the Uniform Residential Loan Application. The new dataset is meant to benefit Federal Home Administration loan originators.

The Independent Community Bankers of America elected Potomac Bank President and CEO Alice Frazier to serve as chairman of the organization for 2026-27. The trade group also announced who will comprise its executive committee for the coming year.

Thomas Grundy of Wolters Kluwer spoke with Dodd Frank Update about why he is advising banks that traditional perimeter defenses and compliance-driven cybersecurity programs are no longer sufficient to protect their systems.

A class action lawsuit was filed in Florida against two appraisal management companies and a wholesale mortgage lender alleging deceptive and unfair practices in violation of Florida’s trade practices statute. Dodd Frank Update spoke with Garris Horn, LLP co-Managing Partner Richard Horn about what the case might mean for the appraisal and lending industries.

The Consumer Financial Protection Bureau’s request for comments regarding its plans to change collection and reporting protocols for its complaint database met with starkly contrasting responses from financial services providers and consumer advocates.

The federal banking regulators issued joint guidance intended to clarify how federal capital treatment requirements apply to tokenized securities.

Velox Valuations recently announced it is accelerating national growth with the launch of three new franchise locations.

As of March 5, the use of “trigger leads” to solicit prospective homebuyers the moment they apply for a mortgage or authorized a credit pull is prohibited by law, marking the finish line on a long advocacy push by the mortgage industry.

Parties involved in the case of the National Treasury Employees Union v. Russell Vought got their second opportunity to present oral arguments before the D.C. Circuit Court of Appeals en banc on Feb. 24. The outcome of the proceedings could determine the fate of a majority of the Consumer Financial Protection Bureau’s staff and the agency itself.

A pair of industry insiders sat down with Dodd Frank Update to discuss what they view as three of the most “underrated” use-cases for artificial intelligence, which they believe is better suited to augment human capabilities than replace them.

Cushman & Wakefield recently announced the return of a key executive within its Valuation & Advisory Affordable Housing practice. Dodd Frank Update sat down with the company’s new executive director to discuss what can be expected with respect to the housing sector.

The Office of the Comptroller of the Currency issued a final rule to clarify what authority national banks have to engage in non-fiduciary activities and the operations of trust companies. The rule met with opposition from community banking advocates.

Building on its stated focus on tailoring bank supervision and regulation to an institution’s risk profile, the Office of the Comptroller of the Currency announced on March 3 two final rules intended to reduce regulatory burdens for community banks.