On April 26, 2023, the CFPB issued guidance on debt collectors, covered by the Fair Debt Collection Practices Act, threatening to foreclose on homes with mortgages past the statute of limitations. The advisory opinion clarifies that a covered debt collector who brings or threatens to bring a state court foreclosure action to collect a time-barred mortgage debt may violate the Fair Debt Collection Practices Act and its implementing regulation.

On April 25, 2023, four federal agencies issued a joint statement reiterating their commitment to enforce fairness, equality, and justice as the emerging use of automated systems, including those sometimes marketed as “artificial intelligence” or “AI,” have impacted  civil rights, fair competition, consumer protection, and equal opportunity. The Civil Rights Division of the United States Department of Justice, the Consumer Financial Protection Bureau, the Federal Trade Commission, and the U.S. Equal Employment Opportunity Commission released the joint statement outlining their enforcement efforts to protect the public from bias in automated systems and artificial intelligence.

On April 24, 2023, the FDIC published in the Federal Register a technical correction to the FDIC's Fair Housing Rule that makes a change to their Equal Housing Lending Poster. This is the second change to the FDIC’s Equal Housing Lending Poster in less than a year and financial institutions regulated by the FDIC should be aware of this change.

On April 19, 2023, Acting Comptroller of the Currency Michael J. Hsu discussed the OCC’s approach to open banking during his talk at FDX Global Summit Spring 2023. Hsu highlighted the evolution of open banking and its potential impact on the OCC’s supervision in the context of liquidity, operational, third-party, and compliance risks. 

On April 18, 2023, the FDIC released its semiannual update on the Restoration Plan for the agency’s Deposit Insurance Fund (the Fund). On June 21, 2022, the FDIC amended the agency’s Restoration Plan and proposed to increase deposit insurance assessment rates by two basis points for all insured depository institutions. On October 18, 2022, the FDIC Board adopted a final rule to increase initial base deposit insurance assessment rate schedules by two basis points beginning in the first quarterly assessment period of 2023.

On April 17, 2023, the OFAC published a warning to U.S. entities about possible evasion of the price cap on crude oil of Russian Federation origin (Russian oil)l, pointing specifically to oil exported through the Eastern Siberia Pacific Ocean (ESPO) pipeline and ports on the eastern coast of Russia.  Through the alert, the OFAC has provided warning signs of deceptive practices and the recommended measures to ensure price cap compliance.