On October 14, 2026, the CFPB announced a new initiative targeting debanking practices among large banks. This aims to ensure broader access to banking services.
What changed
Launch of a new initiative focused on debanking issues.
Compliance perspective
Financial institutions may need to review their practices related to customer accounts and access.
Need help keeping up with these changes?
Tell us where you operate and what licenses you hold; we'll handle the filings and renewals so changes like this do not catch you off guard.