The Federal Reserve Board said it will "seek public comment on significant changes to improve the transparency of its bank stress tests and to reduce the volatility of resulting capital buffer requirements." Following the announcement, bank trade groups sued the agency over a "lack of transparency" in the stress testing process.

The National Credit Union Administration alerted credit unions to "heightened reputational, consumer compliance, third-party, and litigation risk" risks associated with overdraft and non-sufficient funds fees.

The CFPB charged a non-bank mobile-home-financing company for issuing loans without a reasonable belief that borrowers would be able to repay.

Federal Reserve Board Member Michael S. Barr said he will step down as Vice Chair for Supervision effective February 28, 2025, or such earlier time as a successor is confirmed.

A firm settled FINRA charges for untimely reporting of transactions, the failure to use required modifiers and related supervisory failings.