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The Consumer Financial Protection Bureau has terminated two consent orders related to the Home Mortgage Disclosure Act program at Washington Federal Bank, which operates as WaFd Bank and is a wholly owned subsidiary of WaFd, Inc. (NASDAQ:WAFD). The company, currently valued at $2.4 billion with a P/E ratio of 11.9, disclosed the development in a statement released Tuesday based on a recent SEC filing. InvestingPro data shows the bank maintains a "Fair" financial health score of 2.37 out of 5.
According to the filing, WaFd Bank received notification from the CFPB on September 19, 2025, that the agency had ended the consent orders effective September 18, 2025. The two consent orders, originally issued on October 9, 2013, and October 27, 2020, addressed the bank’s compliance with the Home Mortgage Disclosure Act.
WaFd, Inc. is headquartered in Seattle, Washington. Its common stock and depositary shares are listed on the NASDAQ Stock Market under the symbols WAFD and WAFDP, respectively. Get deeper insights into WaFd’s financial health metrics and more exclusive analysis with InvestingPro, where 4 analysts have recently revised their earnings estimates upward.
The company stated that the notification from the CFPB pertains specifically to the bank’s Home Mortgage Disclosure Act program. No additional details regarding the termination of the consent orders were provided in the filing.
This article is based on a statement issued by WaFd, Inc. in a Form 8-K filing with the Securities and Exchange Commission.
In other recent news, WaFd, Inc., the parent company of Washington Federal Bank, has been designated as a Preferred Lender by the U.S. Small Business Administration. This status allows WaFd Bank to independently approve, close, and service SBA-guaranteed loans, streamlining processes for small business borrowers. Additionally, WaFd announced its 170th consecutive quarterly cash dividend of 27 cents per share, continuing its tradition of shareholder returns. The dividend is set to be paid on September 5, 2025, to shareholders recorded by August 22, 2025.
In the realm of analyst insights, Stephens has raised its price target for Washington Federal to $33, citing solid deposit growth and a second-quarter earnings per share of $0.73, which surpassed their estimate of $0.67. Similarly, DA Davidson increased its price target for the company to $33 from $29, maintaining a Neutral rating. DA Davidson noted Washington Federal’s improved net interest margin despite slower growth in the third fiscal quarter. These developments highlight the company’s financial performance and strategic advancements.
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