On July 15, 2025, the FDIC issued a notice of proposed rulemaking that would update certain regulatory thresholds to reflect historical inflation, including those under 12 CFR part 363 related to annual independent audit and reporting requirements, and adjust those thresholds in the future based on a proposed indexing methodology. According to the FDIC’s press release, the proposal is the first of a multi-phase effort to reevaluate thresholds within the FDIC’s regulations.

On July 14, 2025, the ABA Banking Journal reported that a federal court in Texas vacated the CFPB’s medical debt reporting rule after the bureau’s current leadership joined with plaintiffs in asking it to be struck down. On January 7, 2025, the CFPB issued the final rule that bans the inclusion of medical bills on credit reports used by lenders and prohibits lenders from using medical information in their lending decisions. 

On July 14, 2025, the OCC, the Federal Reserve Board, and the FDIC issued a joint statement in their continued efforts to provide clarity on banks’ engagement in crypto-asset-related activities. The joint statement, which focuses on safekeeping crypto-assets, discusses how existing laws, regulations, and risk-management principles apply to the activity and does not create any new supervisory expectations.

On July 7, 2025, the Credit and Collection News reported that the CFPB has terminated its consent order against Fay Servicing over alleged illegal foreclosure practices. This cancellation releases Fay Servicing from any alleged noncompliance regarding a 2024 settlement agreement.

On July 3, 2025, the FDIC issued its Summer 2025 edition of the Consumer Compliance Supervisory Highlights. The purpose of this publication is to enhance transparency regarding the FDIC’s consumer compliance supervisory activities and to provide a high-level overview of consumer compliance issues identified in 2024 through the FDIC’s supervision of state non-member banks and thrifts.

On July 1, 2025, the Reuters reported that the CFPB canceled a $95 million settlement with Navy Federal Credit Union, accused of illegally charging surprise overdraft fees. Navy Federal Credit Union is the largest credit union in the United States and serves active duty military members, veterans, Department of Defense civilian employees, and their families. 

On June 30, 2025, the OCC released their Spring 2025 edition of the publication Semiannual Risk Perspective. The publication addresses key issues facing banks, focusing on those that pose threats to the safety and soundness of banks and their compliance with applicable laws and regulations.