Fed proposes to weaken the supervisory rating system for large banks by lowering the standard for what qualifies as a “well-managed” rating. This change reduces the effectiveness and value of the supervisory rating system for large banks. It will harm the American people and the economy by ignoring threats to the health of large banks that could threaten financial stability.

The CFPB has placed its top fair lending official on administrative leave without explanation. J. Frank Vespa-Papaleo, the CFPB’s assistant director for the Office of Fair Lending and Equal Opportunity, was placed on administrative leave on Monday, July 7th, suggesting that work within this division has dramatically slowed down and that new CFPB leadership has little interest in fair lending matters.

The Trump Administration’s “Big Beautiful Spending Bill,” signed into law on July 4th, 2025, has cut the source of the CFPB’s funding by nearly 50%. The CFPB is funded through the Federal Reserve instead of the congressional appropriations process. But under the terms of the spending bill, the CFPB’s funding would be cut from 12% of the Federal Reserve’s earnings to 6.5% of the central bank’s earnings, a drastic cut that will undermine the agency’s ability to fulfill its mission.

FDIC is rescinding its 2024 policy that actually strengthened the process for assessing bank mergers, and rolling back to the prior policy. While the current policy was not perfect, it had implemented necessary regulatory procedures to assess whether mergers were in the best interest of consumers, competition, and financial stability, which will now be lost.

The SEC issued guidance on the application of certain disclosure requirements under the federal securities laws to crypto-asset exchange traded products (ETPs).

The guidance indicates that the SEC intends to approve applications for all sorts of crypto EPTs with risky underlying assets.

The CFPB has dismissed its 2024 consent order against Navy Federal Credit Union for illegally charging more than $95 million in surprise overdraft fees to servicemen and women and their families. The consent order would have required the company to pay more than $80 million in restitution back to consumers and to pay a $15 million civil penalty to the CFPB’s victims relief fund.