CFPB Archives | Regulatory Report

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[ November 19, 2018 ] Agencies issue joint notice on proposal to expand scope of ‘streamlined’ call report filing FDIC
[ November 19, 2018 ] French bank slapped with $81 million fine for violating U.S. sanctions against Cuba The Fed
[ November 19, 2018 ] CU agency semiannual report to Congress notes eight highlights, risks, investigations NCUA
[ November 19, 2018 ] Webinar on LIBOR transition slated Dec. 6 by exam council Other
[ November 16, 2018 ] Capital proposal before FDIC Board next week is ‘first step’ toward simplifying requirements FDIC

Kraninger nomination as permanent BCFP director coming up for Senate consideration

November 16, 2018 0

The Senate will consider the confirmation of a permanent director for the federal consumer financial protection agency within the next couple of weeks under unanimous consent, the Senate leader’s schedule shows. Exact timing is unclear; […]

Fed board confirmation, reports on regulation/supervision, CU agency budgets all ahead this week

November 13, 2018 0

Confirmation of a nominee to the Federal Reserve Board of Governors, congressional testimony (on both sides of the Capitol) by an incumbent member of the same board, and a meeting of the federal credit union […]

‘Semi-annual report’ sketches out proposed, final rules upcoming from consumer bureau

November 13, 2018 0

At least five proposed rules and three final regulations will be issued by the federal consumer financial protection agency in the coming months, according to a report posted publicly late last week. According to the […]

Payday lending effective date stayed (for now) in light of bureau plan to ‘reconsider’ rule

November 8, 2018 0

The payday lending rule’s effective date of Aug. 19, 2019, has been stayed by a federal court in light of a decision by the Bureau of Consumer Financial Protection (BCFP, formerly known as the CFPB) […]

Data detailing mortgage borrowers’ experiences released by BCFP, FHFA

November 8, 2018 0

A new loan-level dataset that provides insights into borrowers’ experiences in getting residential mortgages was released Thursday for public use by the consumer financial protection bureau and the federal regulator of the housing government-sponsored enterprises. […]

Democrats’ control of House opens door to scrutiny of key regulatory relief proposals (and at least one regulator)

November 7, 2018 0

Success in taking over the House of Representatives as a result of Tuesday’s elections will likely mean the beginning of new scrutiny by the Democrats for regulators’ proposals already issued, and for those ahead. The […]

Bureau updates youth financial education resources

November 5, 2018 0

The federal consumer financial protection bureau has updated some of its financial education content to provide K-12 educators new, free resources to help students develop financial knowledge, skills and habits, according to a blog post […]

Federal financial institution regulators have taken 13 deregulatory actions so far in Trump era, tracker finds

October 30, 2018 0

As many as 13 deregulatory actions by federal financial institution regulators – including five by the credit union regulator – have been adopted or are in progress during the administration of President Donald Trump, according […]

Bureau publishes small-entity HMDA guide, reflects relief law changes

October 30, 2018 0

A compliance guide for small-entity compliance with the Home Mortgage Disclosure Act (HMDA) was updated for changes due to this year’s regulatory relief law and issued Tuesday by the Bureau of Consumer Financial Protection (BCFP, […]

Payday lending rule, with promise of ‘reconsidered’ proposal, continues long string of action (and inaction)

October 29, 2018 0

When the federal consumer financial protection agency announced Friday that it would issue a proposal to ‘reconsider’ its payday lending regulation, it signaled yet a new chapter for a final rule that was issued more […]

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Agencies issue joint notice on proposal to expand scope of ‘streamlined’ call report filing

November 19, 2018 0

Notices of a proposal to expand the scope of financial institutions and firms that file “streamlined” versions of call reports were issued by the three federal banking agencies to the firms they supervise Monday. In the joint statement, the Federal [...]
French bank slapped with $81 million fine for violating U.S. sanctions against Cuba

November 19, 2018 0

A fine of more than $81 million was assessed against a French bank Monday by the Federal Reserve for violations of U.S. sanctions against Cuba. In a release, the Federal Reserve said a fine of $81.3 million was assessed for [...]
CU agency semiannual report to Congress notes eight highlights, risks, investigations

November 19, 2018 0

Eight actions – including a notice of charges against a former credit union chief executive and the closing of the credit union that individual led – are cited as “highlights” by the federal credit union regulator in its semiannual report [...]
Webinar on LIBOR transition slated Dec. 6 by exam council

November 19, 2018 0

The uncertain future of LIBOR – the London Interbank Offered Rate – and efforts to develop alternative reference rates to serve in its place will be discussed during a Dec. 6 webinar held by the umbrella Federal Financial Institutions Examination [...]