Board of Governors of the Federal Reserve System

Statutory and technical amendments have been made to the Fair Credit Reporting Act by the following:

On December 19, 2025, the Board, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency issued a Statement Regarding Status of Certain Investment Funds and their Portfolio Investments for Purposes of Regulation O and Reporting Requirements under Part 363 of FDIC Regulations. More... This statement extends the expiration of the no-action position provided in the revised statement that was issued on December 27, 2024, and that expired on January 1, 2026. The federal banking agencies will continue to exercise discretion to not take enforcement action against banks or asset managers that become principal shareholders of banks with respect to certain extensions of credit by banks that otherwise would violate Regulation O. The agencies are extending this temporary relief while the Board, in consultation with the other federal banking agencies, considers whether to amend Regulation O. The interagency statement also sets forth the eligibility criteria for this relief (Regulation O).

Section 307 of the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA) directs the Consumer Financial Protection Bureau (CFPB) to prescribe ability-to-repay rules for property assessed clean energy (PACE) financing and to apply the civil liability provisions of the Truth in Lending Act (TILA) for violations. More... PACE financing is financing to cover the costs of home improvements that results in a tax assessment on the real property of the consumer. In this final rule, the CFPB implements EGRRCPA section 307 and amends Regulation Z to address how TILA applies to PACE transactions. This final rule is effective March 1, 2026 (Consumer Financial Protection Bureau, Regulation Z, Docket CFPB-2023-0029) and was published in the Federal Register on January 10, 2025.