CFPB
Washington Federal Bank, N.A.
October 27, 2020
Summary
The CFPB issued a consent order against Washington Federal Bank, N.A., a federally insured national bank, for reporting inaccurate HMDA and Regulation C mortgage data for 2016 and 2017, violating HMDA and the Consumer Financial Protection Act. The order required the bank to pay a $200,000 civil money penalty and implement an effective compliance management system. The CFPB terminated the order on September 22, 2025, after the bank fulfilled its obligations.
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Washington Federal Bank, N.A.
On October 27, 2020, the Bureau issued an order against Washington Federal Bank, N.A., a federally insured, for-profit national bank headquartered in Seattle, Washington. The Bureau found that Washington Federal reported inaccurate data about its mortgage transactions for 2016 and 2017, in violation of the Home Mortgage Disclosure Act (HMDA), its implementing regulation, Regulation C, and the Consumer Financial Protection Act of 2010. The order required Washington Federal to pay a $200,000 civil money penalty and develop and implement an effective compliance management system to prevent future violations.
On September 22, 2025, pursuant to the Bureau’s authority under 12 U.S.C. § 5563(b)(3) and under Paragraph 75 of the order, the Bureau terminated the order. Washington Federal has fulfilled several obligations under the order, including, among other things, paying a civil money penalty of $200,000, and creating and implementing a compliance plan designed to ensure that its collection, recording, and reporting of HMDA data complies with applicable Federal consumer financial laws and the terms of the order.
Related documents
Order Terminating the Consent Order
Press release
Case docket
Page last modified Sept. 22, 2025 @ 05:17 PM EDT
Action Details
Forum
- Administrative Proceeding
Docket number
2020-BCFP-0019
Initial filing date
OCT 27, 2020
Products
- • Fair Lending
- • Mortgage Origination
Contact Information
Administrative adjudication docket clerk
Submit docket information for any ongoing administrative adjudication process, or request information related to the docket or the function of the CFPB’s administrative law judge (ALJ).
Source: https://www.consumerfinance.gov/enforcement/actions/washington-federal-na/
Common questions
- What does "Washington Federal Bank, N.A." cover?
- The CFPB issued a consent order against Washington Federal Bank, N.A., a federally insured national bank, for reporting inaccurate HMDA and Regulation C…
- Which agency issued this update?
- This update was issued by CFPB.
- When was it published?
- It was published on October 27, 2020.