CFPB terminates WaFd (NASDAQ: WAFDP) mortgage data consent orders

Rhea-AI Filing Summary

WaFd, Inc. reported that the Consumer Financial Protection Bureau has ended two long-running regulatory consent orders involving its banking subsidiary’s mortgage data reporting program. On September 19, 2025, WaFd said the CFPB notified Washington Federal Bank, dba WaFd Bank, that effective September 18, 2025, the bureau terminated consent orders originally issued on October 9, 2013 and October 27, 2020. Both orders related to the bank’s Home Mortgage Disclosure Act program, which governs how lenders collect and report home loan data. The update signals that the CFPB has formally closed these specific matters without imposing new conditions in this notice.

Insights

Bank regulatory and compliance analyst

CFPB ends WaFd’s HMDA consent orders, closing legacy oversight.

The key development is the CFPB’s termination of two prior consent orders tied to WaFd Bank’s Home Mortgage Disclosure Act program. These orders, dated October 9, 2013 and October 27, 2020, governed how the bank addressed earlier compliance issues in mortgage data collection and reporting.

Ending the orders as of September 18, 2025 means the CFPB considers those specific matters resolved. That can simplify ongoing compliance oversight and remove the administrative and reputational burden associated with standing consent orders, though the bank still must meet all HMDA and consumer-protection requirements like any other regulated institution.

From an investor perspective, this is a regulatory clean-up event rather than a financial one, as no new penalties or monetary terms are described. Future periodic reports and regulatory disclosures will show how WaFd maintains mortgage compliance performance now that these legacy constraints are lifted.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

____________________________________

FORM 8-K

____________________________________

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 19, 2025

 ____________________________________

WAFD, INC.

(Exact name of registrant as specified in its charter)

 ____________________________________

Washington

001-34654

91-1661606

(State or other jurisdiction of incorporation or organization)

(Commission File Number)

(I.R.S. Employer Identification No.)

425 Pike Street

Seattle

Washington

98101

(Address of Principal Executive Offices)

(Zip Code)

Registrant’s telephone number, including area code (206) 624-7930

Not Applicable

(Former name or former address, if changed since last report)

____________________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class

Trading Symbol

Name of each exchange on which registered

Common Stock, $1.00 par value per share

WAFD

NASDAQ Stock Market

Depositary Shares, Each Representing a 1/40th Interest in a Share of 4.875% Fixed Rate Series A Non-Cumulative Perpetual Preferred Stock

WAFDP

NASDAQ Stock Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01 Other Events

On September 19, 2025, the Consumer Financial Protection Bureau (the “CFPB”) notified Washington Federal Bank, dba WaFd Bank (the “Bank”), a wholly-owned subsidiary of WaFd, Inc. (the “Company”), that effective September 18, 2025, the CFPB had terminated the October 9, 2013 and October 27, 2020 Consent Orders both of which related to the Bank’s Home Mortgage Disclosure Act program. 

Item 9.01 Financial Statements and Exhibits

(d) The following exhibits are being furnished herewith:

Exhibit 104    Cover Page Interactive Data File (embedded within with Inline XBRL)

Important Cautionary Statements

This Current Report on Form 8-K contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this Current Report on Form 8-K that do not relate to matters of historical fact should be considered forward-looking statements. These statements are based on management’s current assumptions and are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. For important factors that could cause actual results to differ materially from the forward-looking statements in this Current Report on Form 8-K, please see the risks and uncertainties identified under the heading “Risk Factors” in our Annual Report on Form 10-K for the year ended September 30, 2024, and our other reports filed with the SEC which are available on the SEC website at www.sec.gov. All forward-looking statements reflect the Company’s beliefs and assumptions only as of the date of this Current Report on Form 8-K. The Company undertakes no obligation to update forward-looking statements to reflect future events or circumstances.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

September 23, 2025

WAFD, INC.

By:

/s/ KELLI J. HOLZ

Kelli J. Holz

Executive Vice President and Chief Financial Officer

3

FAQ

What did WaFd, Inc. disclose in this 8-K filing for WAFDP?

WaFd, Inc. disclosed that the Consumer Financial Protection Bureau terminated two consent orders covering Washington Federal Bank’s Home Mortgage Disclosure Act program, effective September 18, 2025.

Which CFPB consent orders affecting WaFd Bank were terminated?

The CFPB terminated consent orders dated October 9, 2013 and October 27, 2020, both of which related to WaFd Bank’s Home Mortgage Disclosure Act program.

When did the CFPB’s termination of WaFd’s consent orders become effective?

The termination became effective on September 18, 2025, as reported to WaFd Bank by the CFPB on September 19, 2025.

Which WaFd subsidiary was covered by the CFPB consent orders?

The consent orders applied to Washington Federal Bank, doing business as WaFd Bank, which is a wholly owned subsidiary of WaFd, Inc.

Does the 8-K for WAFD and WAFDP mention any new penalties or financial terms?

The disclosure focuses on the CFPB’s termination of the two prior consent orders and does not describe new penalties or financial terms in connection with this action.

What cautionary language does WaFd include with this regulatory update?

WaFd includes standard forward-looking statement language, noting that statements not of historical fact involve risks and uncertainties and referring readers to the Risk Factors section in its Form 10-K for the year ended September 30, 2024.