Federal Housing Finance Agency Director Bill Pulte directed Fannie Mae and Freddie Mac to end support for special purpose credit programs earlier this year. But now other agencies are also ending authorization for the programs.

Chris Willis, a partner at the law firm of Troutman Pepper Locke, said any credit risk identified in the new guidance from federal regulators is likely to have already been considered by lenders.

Federal agencies warned that lending to non-work-authorized individuals presents elevated credit risks because their ability to generate income and maintain employment may be subject to greater uncertainty.

The CFPB will focus on debanking in 2026, while the NCUA shifted how it will evaluate potential discrimination under fair lending laws.

According to industry insiders, there is room for state and federal regulators while also supporting the independence of federal agencies.

New bills in Congress aimed at the housing market have some bipartisan support; Trump fires Democrats on NCUA board; Trump administration looks to boost mortgage activity at smaller banks.

The National Credit Union Administration’s Division of Fair Lending Supervision next year will focus on credit unions that have recently expanded into underserved areas.

The Federal Housing Finance Agency last week joined the OCC, FDIC and NCUA in reproposing a rule that will prohibit incentive-based compensation agreements.

The $500 million deal from CU Capital Market Solutions is tied to deposit insurance from the National Credit Union Administration.

The increase in usage of home equity lines of credit suggests that consumers are facing some financial difficulties, the NCUA has warned.