On June 23, 2025, the Federal Reserve Board announced that reputational risk will no longer be a component of examination programs in its supervision of banks. While this change is meant to streamline the process, the Fed still expects banks to manage risks effectively and will not affect how banks handle their own reputational risk.

On June 18, 2025, the CFPB issued an interim final rule to extend the compliance dates for the small business lending rule and to make other date-related conforming adjustments. This adjustment is made in light of ongoing litigations concerning the final rule.

On June 6, 2025, Michelle W. Bowman spoke at the Georgetown University McDonough School of Business Psaros Center for Financial Markets and Policy where she described her approach to leading the Fed's Division of Supervision and Regulation as the Vice Chair for Supervision. In her speech, the new Vice Chair of Supervision outlined the principles she said are designed to enhance the Fed’s supervision and regulatory efforts and how they will be incorporated into the agency’s work.

On June 9, 2025, Michelle W. Bowman took the oath of office as Vice Chair for Supervision of the Federal Reserve Board on Monday. President Trump nominated Bowman on March 24, 2025, and the United States Senate confirmed her on June 4.

On June 6, 2025, the Federal Reserve Board announced the appointment of Michael E. Horowitz to lead the Federal Reserve Board's Office of Inspector General (OIG) effective June 30, 2025. By law, the Federal Reserve's OIG also fulfills this role for the CFPB, which is funded by but operates independently of the Federal Reserve.