On September 16, the House Financial Services Committee held a markup of nine bills addressing consumer financial protection, interstate lending, payment fraud, and other matters, eight of which were sent to the full House. Among the bills reported favorably, the committee voted 31-18 to advance the American Lending Fairness Act of 2026 (H.R. 7866), which would repeal Section 525 of DIDMCA and amend the FDI Act and the Federal Credit Union Act to provide that any state opt-out from DIDMCA federal interest-rate preemption applies only to loans made by that state’s own chartered institutions — not to loans made by out-of-state, state-chartered banks and credit unions. The committee also voted 28-21 to advance the Consumer Financial Protection Accountability and Reform Act of 2026 (H.R. 10184), a bill that would, among other things, subject the CFPB to the congressional appropriations process, revise the definition of the “abusive” standard under the Bureau’s UDAAP authority, and restrict the Bureau from interpreting its UDAAP authority to encompass discriminatory practices.

Additionally, the Civil Investigative Demand Reform Act of 2025 (H.R. 1653) passed out of the committee by a vote of 29-20 and would impose a six-year limitations period on the CFPB’s ability to issue civil investigative demands. It would also require civil investigative demands to reference specific facts regarding alleged violations. Lastly, the committee unanimously advanced the Taskforce for Recognizing and Averting Payment Scams Act (H.R. 4936), which would direct Treasury to establish a federal task force composed of representatives from the OCC, Fed, FDIC, NCUA, CFPB, FinCEN, FTC, and DOJ, among others, to examine fraud trends, coordinate prevention efforts across federal agencies, and issue a report with legislative and regulatory recommendations.

Other measures advanced include bills addressing the FHA mortgage insurance program for mental health care facilities (H.R. 7030), SEC registration forms for insurance products (H.R. 10234), a national eviction helpline (H.R. 5889), and a strategic Bitcoin reserve within Treasury (H.R. 8957). One bill, H.R. 10325, which would increase the FHLBanks’ mandatory contribution to affordable housing programs from 10 to 15 percent of net income, failed to advance, by a vote of 21-28.