Examinations for Risks to Active-Duty Servicemembers and Their Covered Dependents

Title:	Examinations for Risks to Active-Duty Servicemembers and Their Covered Dependents
Subject:	MLA examinations
Agency:	CFPB
Status:	Interpretive ruleProposed rule
Summary:	The Bureau of Consumer Financial Protection (Bureau) has statutory authority to conduct examinations, at those institutions that it supervises, regarding the risks to active-duty servicemembers and their covered dependents that are presented by conduct that violates the Military Lending Act. This interpretive rule explains the basis for that authority.
FR Doc:	2021-13074
Date proposed:
Comments due date:
Effective date:	June 23, 2021
Rule compliance date:
Agency release:	Consumer Financial Protection Bureau Issues Interpretive Rule on Authority to Resume Examinations Regarding the Military Lending Act
Related Reg Report item(s):	Bureau fires first shot in resuming exams under Military Lending Act; asserts that 2018 reasoning for discontinuing ‘not persuasive’

FDIC Board to meet Thursday on deposit insurance fund restoration, Change in Bank Control Act

April 23, 2024 0

An update on the agency’s Deposit Insurance Fund (DIF) restoration plan and proposals related to the Change in Bank Control Act are the two discussion items on tap for Thursday’s open meeting of the Federal Deposit Insurance Corp. (FDIC) Board, [...]
CFPB taking comments for 30 days on last week’s nonbank designation rule

April 23, 2024 0

A revised procedural rule on how the consumer financial protection agency designates nonbanks for supervision is in effect now, according to a notice in Tuesday’s Federal Register, and comments from the public will be accepted until May 23. The Consumer [...]
Comments due June 18 on FDIC bank merger policy statement

April 22, 2024 0

Public comments on the federal bank deposit insuring agency’s proposed statement of policy on bank merger transactions are due June 18, according to a notice in Friday’s Federal Register. The proposed statement, issued March 21 by the Federal Deposit Insurance [...]
Nagging inflation pressures, leading to tight money, cited as biggest risk ahead for financial stability

April 22, 2024 0

Persistent inflationary pressures leading to a more restrictive than expected monetary policy stance is the most frequently cited risk to financial stability by researchers, academics and market participants, according to a report issued late Friday by the Federal Reserve. Other [...]