The CFPB lifted a consent order against Transunion that had required the company to correct failures in processing consumer credit freezes and locks.

The Federal Reserve finalized revisions to its supervisory ratings framework for the largest banks that greatly soften the rating categories and limit the actions of supervisors.

The SEC extended the deadline by one year to implement rules that improve the prices investors receive on their trades and lower their trading costs. Investors will get worse prices and face higher trading costs.

The Federal Reserve will make the banking system and economy less safe and less stable with cuts to staffing. Fewer Federal Reserve staff to supervise banks is a bad decision for all Americans. A shortage of trained and experienced bank supervisors was found to be a key cause of the 2023 bank failures. This decision will hurt the Federal Reserve and our banking system.

Michelle Bowman announced that the Fed’s supervision staff would be cut from the current level of 500 staff to about 350 by the end of next year. This cut is far larger than the 10% cut announced by Fed Chair Powell earlier this year.

In a quarterly investor report filed with the SEC, Meta said the CFPB informed it on September 25 that its investigation into the company’s advertising for financial products and services had been closed.

The CFPB completed its rollback of a rule introduced under the previous administration that sought to establish a centralized registry of enforcement actions against nonbank financial entities.