Banking and Finance Law Daily Wrap Up, WORTH NOTING—Other regulatory, legislative, litigation, and industry developments, (Apr 3, 2026)

By WK Editorial Staff

A weekly roundup of other items of interest to the banking and finance law community.

BANKING OPERATIONS—Institutions have been alerted that materials pertaining to the Consolidated Reports of Condition and Income (Call Reports) for the Mar. 31, 2026, report date are available (FIL-10-2026). Except for certain institutions with foreign offices, completed Call Reports must be received by Apr. 30, 2026. Institutions are encouraged to complete the preparation, editing, and review of Call Report data and submission to the Central Data Repository as early as possible. Supplemental Instructions provide additional guidance on certain reporting issues.

CONSUMER FINANCIAL PROTECTION BUREAU—Acting Director of the Consumer Financial Protection Bureau Russell Vought on Mar. 30, 2026, requested funding for the Bureau from Federal Reserve Board Chair Jerome Powell in the amount of $75,800,000 for the third quarter of FY 2026. Vought wrote that he is complying with the preliminary injunction of the District Court of Columbia in NTEU v. Vought, 1:25-cv-38, and he believes the statutory duties of the CFPB could be met with a smaller amount than the amount he requested but is complying with the district court’s order.

DIRECTORS, OFFICERS AND EMPLOYERS—The Office of the Comptroller of the Currency announced the promotions of Jason Almonte and Sebastian Astrada to Deputy Comptrollers for Chartering, Organization & Structure (CO&S). In these roles, Almonte and Astrada will set policies and provide executive direction on federal bank applications, chartering, and corporate activities, policies, processes, and requirements.

FAIR CREDIT REPORTING—A bill announced March 30 seeks to bolster accuracy and protection for consumer information shared by resellers. The Fair Credit Reporting Reseller Accuracy Act, which is co-sponsored by Reps. Josh Gottheimer (D-N.J.) and Mike Lawler (R-N.Y.), would mandate “reasonable procedures to assure maximum possible accuracy” prior to transmitting information contained in a consumer report to end users or other data brokers. “The credit data used in these decisions can shape the course of someone’s life, from whether they can buy a home, to land a job, to secure a loan, and it needs to be accurate,” Lawler said in the announcement.

MORTGAGES—The Consumer Financial Protection Bureau released 2025 Home Mortgage Disclosure Act data on March 31, providing loan-level information from roughly 4,768 mortgage lenders available on the FFIEC’s HMDA Platform. The modified Loan Application Register (LAR) files include data submitted by regulators with privacy protections applied. The CFPB said the annual LAR datasets are now fully accessible online, a shift that began under its 2015 HMDA rule that sought to end the need for consumers to request records directly from individual lenders.

MORTGAGES—The Office of the Comptroller of the Currency published the findings of a report on the performance of first-lien mortgages in the federal banking system during the fourth quarter of 2025. The report, the OCC Mortgage Metrics Report, Fourth Quarter 2025, indicated that 97.5 percent of mortgages included in the report were current and performing at the end of the quarter, a slight increase from 97.4 percent in 2024. The percentage of seriously delinquent mortgages—mortgages that are 60 or more days past due and all mortgages held by bankrupt borrowers whose payments are 30 or more days past due—remained unchanged from the fourth quarter of 2024. Servicers initiated 7,519 new foreclosures in the fourth quarter of 2025 showing a decrease from the previous quarter and an increase from a year earlier.

PRIVACY—The Office of the Comptroller of the Currency has issued a notice and request for comment concerning the renewal of its information collection titled, “Privacy of Consumer Financial Information.” The information collection is required by the Gramm-Leach-Bliley Act and its implementing regulation (Regulation P). Comments must be received by May 6, 2026. The OCC noted it previously published a 60-day notice for this information collection in October 2025 (see Banking and Finance Law Daily, Oct. 3, 2025) but no comments were received.

SECURITIES AND DERIVATIVES—The Office of the Comptroller of the Currency released a report on Mar. 31, 2026, Quarterly Report on Bank Trading and Derivatives Activities, on the cumulative trading revenue of U.S. commercial banks and savings associations of $14.9 billion in the fourth quarter of 2025. The fourth quarter trading revenue was $2.9 billion, or 16.3 percent, less than in the previous quarter and $680 million, or 4.4 percent, less than a year earlier. The report also indicates that a total of 1,197 insured U.S. national and state commercial banks and savings associations held derivatives, and four large banks held 85.1 percent of the total banking industry notional amount of derivatives.

IndustryNews: BankingOperations CFPB ConsumerCredit DirectorsOfficersEmployers FairCreditReporting FederalReserveSystem Loans Mortgages Privacy SecuritiesDerivatives