Consumer Financial Protection Bureau Initiatives

The Consumer Financial Protection Bureau (CFPB) announced on June 24, 2026, that it is undertaking efforts to correct flaws within its consumer complaint system. The CFPB noted that the system has been hindered by issues that limit its effectiveness in resolving consumer complaints and the practical utility of its information [CFPB Newsroom]. Additionally, the CFPB has been working to ensure that consumers affected by Bilt’s transition to a new bank partner are appropriately remedied, with officials meeting directly with Bilt to understand the issues and actions taken for consumer resolution [CFPB Newsroom].

In related regulatory news, the CFPB announced on June 25, 2026, a joint final rule on adopting uniform standards for reporting financial data [CFPB Newsroom]. Earlier in the year, on March 31, 2026, the 2025 Home Mortgage Disclosure Act (HMDA) Loan Application Register data was made available on the FFIEC's HMDA Platform [CFPB Newsroom]. On January 12, 2026, the CFPB and the Department of Justice withdrew a joint statement concerning fair lending and credit opportunities for noncitizen borrowers, specifically regarding a creditor's consideration of immigration status under the Equal Credit Opportunity Act [CFPB Newsroom].

FTC Consumer Scam Warnings

The Federal Trade Commission (FTC) has issued several consumer alerts in July 2026, highlighting various scam tactics. A recent alert from July 22, 2026, advises consumers to recognize scams based on how payment is requested, particularly when unexpected contacts demand payment via bank or wire transfer to resolve a perceived problem or claim a prize [FTC Consumer Alerts].

Further alerts include warnings for those seeking substance use disorder clinics to scroll past paid online advertisements, as dishonest businesses may use them to trick individuals [FTC Consumer Alerts]. Veterans and small business owners were also cautioned about protecting their businesses from scammers and cybercriminals [FTC Consumer Alerts].

Other notable warnings cover identifying fake rental listings, especially during military moves, and spotting debt relief scams that specifically target military personnel with promises of "military debt forgiveness" programs [FTC Consumer Alerts]. The FTC also reiterated warnings about unclaimed life insurance money scams, noting their resurgence, and provided advice on distinguishing health insurance from medical discount plans [FTC Consumer Alerts]. These alerts are part of Military Consumer Month 2026, aimed at raising awareness about how scammers target the military community [FTC Consumer Alerts].

Federal Reserve Activity

The Federal Reserve's press release section shows no recent updates or new announcements beyond March 2017 relevant to new consumer financial protection beyond standard policy archives [Federal Reserve Press Releases].