All eyes are on the Federal Reserve as concerns about the economic implications of recent policy changes regarding trade and other factors proliferate among consumers and business leaders. Read about these developments and more in this regulatory roundup.

Whistleblowers who aided the Securities and Exchange Commission in laying a “roadmap” for an enforcement action received approximately $6 million in award payments for their help in providing new and useful information to federal examiners, the agency announced.

A federal court ordered Bank of America to pay nearly $540.3 million for underpaying for deposit insurance. The issue stemmed from a calculation error due to a misinterpretation of a 2011 rule enacted by the Federal Deposit Insurance Corp. The rule in question applies when calculating a federally-insured bank’s “counterparty exposure” level for the purpose of ensuring an institution’s safety and soundness.

The Trump administration fired the National Credit Union Administration (NCUA) Board’s two Democratic members. The decision leaves NCUA Chair Kyle Hauptman, a Republican, as the board’s only remaining member.

The Office of the Comptroller of the Currency announced an organizational restructure which entails the consolidation of its supervisory functions for large, midsize and community banks, among other changes. The announcement set off alarm bells in the community banking sector.

Federal Housing Finance Agency Director Bill Pulte levied accusations of mortgage fraud against New York State Attorney General Letita James in a letter submitted to the Department of Justice. 

The Federal Bureau of Investigation’s Boston division issued a warning to real estate professionals and borrowers about increasing reports of fraud targeting transactions across the Northeast.

The D.C. Circuit Court of Appeals stayed portions of a preliminary injunction imposed by a district court last month to halt actions aimed at dismantling the Consumer Financial Protection Bureau (CFPB). The appeals court ruled the bureau must maintain adequate resources to perform its statutory duties.

A federal court vacated the Consumer Financial Protection Bureau’s final rule regulating credit card late fees, drawing praise from the financial services industry. The credit card late fee rule would have capped the safe harbor dollar amount for late fees at $8.