|
President Trump Issues Executive Orders Directing Deregulatory Agenda for Mortgage Lending to Expand Mortgage Access and Spur Housing Construction
On March 13, 2026, President Trump issued an executive order (EO) with the goal of expanding mortgage lending by community and small banks, referred to in the EO as banks with less than $30 billion and $100 billion in assets, respectively. A second EO was issued the same day aimed at spurring housing construction through deregulation.
FinCEN Proposal Seeks to Establish Whistleblower Program
By way of background, as part of the omnibus federal budget legislation in January 2021, the Bank Secrecy Act (BSA) was amended to add a new whistleblower program framework to be implemented by FinCEN. In December 2022, Congress passed the Anti-Money Laundering (AML) Whistleblower Improvement Act to expand the scope of this whistleblower program by allowing awards to be paid to whistleblowers that provide information on violations of U.S. trade and economic sanctions, including OFAC sanctions. 31 USC 5323(g)(1)(A)-(C).
California Court Rejects DFPI’s True Lender Theory
As previously reported by BCG, since 2022 the Delaware-based limited liability company, Opportunity Financial, LLC (“OppFi”) has been involved in litigation with the California Department of Financial Protection and Innovation (DFPI) due to the DFPI’s threatened enforcement of California’s Fair Access to Credit Act (Assembly Bill 539 (AB 539)) against OppFi. Opportunity Financial, LLC v. DFPI, Case No. 22STCV08163, (Cal. Sup. Ct. L.A. Cty. filed Mar. 7, 2022).
Q&A Regarding Stay in Litigation Involving CFPB’s Small Business Lending Data Collection Rule
During BCG’s March 2026 Seminar on Commercial Lending, a question was asked during one of the question and answer sessions about whether there is a court order currently effective that prohibits enforcing the CFBP’s Small Business Lending Data Collection Rule (SBLR) against certain lenders.
Treasury Issues Proposed Rule on State-level Regulatory Regimes under the GENIUS Act
On July 18, 2025, President Trump signed into law the “Guiding and Establishing National Innovation for U.S. Stablecoins Act” (the “GENIUS Act”), which creates a licensing and regulatory regime applicable to entities that issue a type of crypto-asset referred to as “stablecoins.” The GENIUS Act is the first federal licensing regime applicable to entities that issue stablecoins and creates standards for those seeking to participate in the stablecoin market.
NCUA Announces Another Round of Deregulation Proposals
The NCUA recently announced yet another round of proposed regulatory changes with the intention of further deregulating the industry. The NCUA previously announced six rounds of deregulation proposals beginning in December 2025 when it first publicized its “Deregulation Project,” an initiative to review the agency’s regulations to ensure they are focused on the safety, soundness, and resilience of credit unions.
Table of Contents
CONSUMER FINANCE
-
President Trump Issues Executive Orders Directing Deregulatory Agenda for Mortgage Lending to Expand Mortgage Access and Spur Housing Construction
-
FDIC Issues 2026 Consumer Compliance Supervisory Highlights
-
Ninth Circuit Declines to Reconsider its Decision Regarding Federal Preemption of California Law Requiring Interest on Mortgage Escrow Accounts
-
Federal Reserve Recaps Top Complaint Areas and Flood Violations for 2024
BANKING OPERATIONS & FINTECH
-
FinCEN Proposal Seeks to Establish Whistleblower Program
-
Appeal Filed in Lawsuit Challenging Illinois Interchange Fee Law
-
FDIC Chairman Travis Hills Gives Remarks on Future Policy Proposals
-
California Legislature Advances Proposed Law to Impose Liability for Fraudulent Transactions on Banks
-
FinCEN Issues Advisory on Health Care Fraud Schemes
COMMERCIAL LENDING
-
California Court Rejects DFPI’s True Lender Theory
COMMERCIAL LENDING Q&A
-
Q&A Regarding Stay in Litigation Involving CFPB’s Small Business Lending Data Collection Rule
CORPORATE GOVERNANCE
-
Treasury Issues Proposed Rule on State-level Regulatory Regimes under the GENIUS Act
-
DFPI Begins Accepting License Applications under the Digital Financial Assets Law
-
OCC Rescinds Recovery Planning Guidelines for Large Banks
-
Federal Reserve Updates Delegation of Authority Rules
-
Banking Agencies Issue New Proposed Capital Rules
CREDIT UNIONS
-
NCUA Announces Another Round of Deregulation Proposals
|
