CFPB – Regulatory Report

What's up

[ January 22, 2020 ] Pair of Fed nominations leaves three seats in regulatory leadership yet to be resolved FDIC
[ January 21, 2020 ] Citibank pays nearly $18 million for violating flood insurance requirements OCC
[ January 21, 2020 ] Operations director named for Western Region of federal credit union regulator NCUA
[ January 21, 2020 ] Credit union regulator’s board to consider supervisory, personnel actions Thursday NCUA
[ January 16, 2020 ] White House finally announces Trump’s intent to nominate pair to Fed seats The Fed

With latest addition, new consumer bureau taskforce on federal consumer financial law has five members

January 17, 2020 0

Another member – William MacLeod – has been named to a taskforce formed recently by the consumer financial protection agency to review current laws and rules affecting consumer financial services, the bureau announced Friday, increasing […]

Bureau to survey banks on costs for providing info about credit extended to women, minority-owned small businesses

January 16, 2020 0

A “cost of compliance survey” developed to measure expenses related to collection of information about applications for credit made to financial institutions by women-owned, minority-owned, and small businesses will be released for comment by the […]

Survey shows most CFPB employees value their jobs and bureau’s mission; senior leaders’ policies, not so much

January 15, 2020 0

A high percentage of employees of the Consumer Financial Protection Bureau (CFPB) responding to the agency’s latest employee survey said they like the kind of work they do and that their work is important, but […]

Penalties will be more expensive in 2020 under inflation-adjusted schedules

January 13, 2020 0

Higher maximum amounts for civil money penalties (CMP), adjusted for inflation, will be in place after Jan. 15 by four federal financial institution regulators, the agencies said in separate notices to be published as early […]

Bank of America gets CFPB ‘no action letter’ on funding arrangements with housing counseling agencies

January 10, 2020 0

A no-action letter (NAL) issued Friday to Bank of America (BofA) by the federal consumer financial protection agency provides there will be no supervisory findings or enforcements issued regarding the bank’s funding arrangements with housing […]

CFPB opens application period for council memberships Monday

January 10, 2020 0

The federal agency charged with consumer financial protection will begin taking applications for membership on its consumer, community bank, credit union, and academic research councils Monday, according to a notice slated for Federal Register publication […]

Four members named to bureau taskforce on federal consumer financial law

January 9, 2020 0

Four members have been named to a new taskforce that will examine the existing legal and regulatory environment facing consumers and financial services providers and report findings to the director of the Consumer Financial Protection […]

Consumer bureau sues Monster Loans, student loan debt-relief operators over fair credit reporting violations, illegal fees

January 9, 2020 0

Several firms and individuals involved in offering student loan debt-relief services were sued Thursday by the Consumer Financial Protection Bureau (CFPB), which claims the parties illegally obtained consumer reports, charged at least $15 million in […]

CFPB, Utah AG to hold first joint Office Hours at month-end; is part of innovation network unveiled in September

January 9, 2020 0

A joint “office hours” to be held as part of the American Consumer Financial Innovation Network (ACFIN) is slated to be held Jan. 30 in Salt Lake City by the federal consumer protection agency and […]

CFPB report: Market for college credit cards grows smaller as issuers dry up

December 30, 2019 0

The market for credit cards issued to college students is getting smaller, the federal consumer financial protection agency said Monday in a report, as the number of issuers dries up. In its report on college […]

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