Major banking groups have urged the U.S. Securities and Exchange Commission (SEC) to abandon its cybersecurity incident disclosure rule that requires public companies to report breaches within four days. These banking associations argue that the mandate poses national security risks. Concurrently, President Donald Trump is considering nominees to lead the Consumer Financial Protection Bureau (CFPB) after withdrawing his initial pick. The incoming nominee will face challenges as the agency has been weakened and faces opposition from the White House. Meanwhile, the CFPB has indicated it will seek to vacate a Biden-era open banking rule, aligning with the banking industry in a dispute, despite opposition from a major fintech group committed to defending the rule. Additionally, the CFPB has rescinded COVID-related protections under the Real Estate Settlement Procedures Act (RESPA) Regulation X.