CFPB vs. BNPL; Romney + ILCs; HUD vs. Appraisal Foundation

The Consumer Financial Protection Bureau will bring BNPL fintechs under its supervision following a monthslong inquiry into consumer credit risk and data exploitation. "It's critical that this category does not hide in the shadows," says CFPB Director Rohit Chopra: CFPB vows to rein in buy now/pay later lenders.

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Here's some more of what we're covering today:

Romney leads bipartisan push to give ILC applications a fair shake: Many leading bank trade associations have called industrial loan companies a regulatory "loophole" that must be closed, but a bipartisan group of senators has their back.

HUD probe into valuation bias focuses on Appraisal Foundation: The U.S. Department of Housing and Urban Development is investigating allegations that the real estate appraisal standards written by the Washington nonprofit perpetuate discrimination.

Read more on appraisals from last week: Home appraisers are fed up with how their industry is run: Frustrations with gatekeeping, a lack of diversity and the way home appraisal is overseen are spurring many practitioners to call for an overhaul of the industry's governance structure.

Women-owned bank in Houston exceeds capital raise target: More than 350 investors put money into Agility Bank , a de novo minority depository institution that opened in May. It raised nearly $41 million, well surpassing its $30 million goal.

TD to open 15 new Charlotte branches after push by progressive groups: The bank, which is seeking regulatory approval of its proposed First Horizon Bank purchase, said that a quarter of the branches will be in majority-minority or low-to-moderate income neighborhoods. Progressive groups have argued that the $13.4 billion acquisition would harm low-income communities.