Fed Approves Three-Year Extension for Credit Info Collections
Published Date: 12/8/2025
Notice
Summary
The Federal Reserve Board just gave a thumbs-up to keep collecting info about credit reporting rules for three more years—no changes, no extra hassle. This affects banks and companies that handle credit info, helping keep things fair and clear for consumers. The update won’t cost extra or change deadlines, so everyone can keep doing their thing smoothly.
Analyzed Economic Effects
3 provisions identified: 2 benefits, 1 costs, 0 mixed.
Paperwork Burden Continues for Depository Institutions
The Board's extension keeps the existing information-collection burden in place for respondents (listed as individuals and all depository institutions identified in 15 U.S.C. 1681s(b)(1)(A)(ii)), with a total estimated 282,070 respondents and 403,418 estimated annual burden hours. The extension is for three years, without revision, under OMB control number 7100-0308.
Regulation V Rules Extended Three Years
The Federal Reserve Board extended, for three years and without revision, the Recordkeeping and Disclosure Requirements tied to the CFPB's and the Board's Regulation V (FR V; OMB No. 7100-0308). This keeps in place the Fair Credit Reporting Act-related protections (accuracy, confidentiality, relevancy, and proper use of consumer credit information) for consumers of institutions identified in 15 U.S.C. 1681s(b)(1)(A)(ii).
Identity-Theft Red Flags Rules Remain In Force
The Board will continue, for three years and without revision, the identity theft 'red flags' provisions in the Board's Regulation V that apply to institutions of any size identified in 15 U.S.C. 1681s(b)(1)(A)(ii). This maintains existing identity-theft prevention and detection obligations under Regulation V.
Personalized for You
How does this regulation affect your finances?
Personalize government policy and PRIA will tell you what this federal register document means for your household, plus every other regulation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.
Key Dates
Related Federal Register Documents
2026-08298, Regulatory Capital Rule: Community Bank Leverage Ratio Framework
Starting July 1, 2026, community banks get a break! The minimum leverage ratio drops from 9% to 8%, making it easier for smaller banks to meet rules. Plus, banks can now stay in this easier framework longer—up to four straight quarters instead of two—helping them manage their money better without rushing.
2026-05960, Regulatory Capital Rules: Regulatory Capital and Standardized Approach for Risk-Weighted Assets
Big banks and community banks are getting new rules to better measure the risks in their loans and investments. The changes update how banks count certain assets and income when figuring out their safety net money, called regulatory capital. These updates aim to make banks safer and smarter with their money, with some rules kicking in soon and affecting how much capital banks need to hold.
2025-21625, Regulatory Capital Rule: Revisions to the Community Bank Leverage Ratio Framework
The government wants to make it easier for small banks to stay in a special low-risk capital program by lowering the required leverage ratio from 9% to 8%. They’re also giving banks more time—up to four quarters instead of two—to fix any issues without losing their spot. Banks and bank holding companies should weigh in by January 30, 2026, as these changes could save them money and reduce red tape.
2025-21626, Regulatory Capital Rule: Modifications to the Enhanced Supplementary Leverage Ratio Standards for U.S. Global Systemically Important Bank Holding Companies and Their Subsidiary Depository Institutions; Total Loss-Absorbing Capacity and Long-Term Debt Requirements for U.S. Global Systemically Important Bank Holding Companies
Big U.S. banks that are super important to the economy are getting new rules to keep them safer and stronger. These changes tweak how much money they must keep on hand and how they handle long-term debt, helping prevent financial trouble. The new rules kick in soon and could affect how these banks manage billions in assets and debt.
2026-20668, Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company
If you want to buy shares in a bank or bank holding company, you need to tell the Federal Reserve first. They check to make sure everything’s fair and safe before you can take control. If you’re interested, you have until October 23, 2026, to share your thoughts or concerns about these deals.
2026-20509, Loans to Executive Officers, Directors, and Principal Shareholders of Member Banks: Bank Holding Companies
The Federal Reserve is updating rules about loans to bank insiders like executives and big shareholders to make things clearer and fairer. They’re giving everyone more time—until November 4, 2026—to share their thoughts on these changes. This affects banks and their top people, aiming to boost transparency and keep things running smoothly.
Previous / Next Documents
Previous: 2025-22262, Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB
The Federal Reserve Board is extending a key reporting rule for three more years without any changes. This rule affects banks and related groups who must share certain community investment agreements. No new costs or deadlines are added, just a smooth continuation of current requirements.
Next: 2025-22264, Agency Information Collection Activities: Announcement of Board Approval under Delegated Authority and Submission to OMB
The Federal Reserve is extending and updating the Financial Statements for Holding Companies for three more years and making some changes to the Capital Assessments and Stress Testing Reports. These updates will start on March 31, 2026, and mainly affect banks and financial companies that report this info. No new fees are involved, but the changes help keep reporting clear and up-to-date.