CFPB – Regulatory Report

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[ October 10, 2025 ] Fed to expand operational hours for two large payments systems beginning in 2028 The Fed
[ October 10, 2025 ] Guidance on capital instruments for MBOs lauded by national bank regulator, noting clarity offered OCC
[ October 9, 2025 ] FinCEN, financial institution regulators add answers to SAR frequently asked questions FDIC
[ October 9, 2025 ] No new data items for 3rd quarter call reports, but users will need to use new MFA logins FDIC
[ October 9, 2025 ] Agency bestows ‘senior bank examiner’ on 41-year veteran, who also serves as top inspector of Wells Fargo OCC

Former FDIC Board member finally lands at Treasury after Senate confirmation

October 8, 2025 0

From the board of the federal bank deposit insurance agency, to nominee to run the federal consumer financial protection agency, Jonathon McKernan has now bounced to be the next top Treasury liaison to financial institutions […]

CFPB finalizes delays in small-biz loan data collection rule

October 3, 2025 0

Delayed effective dates for compliance and first filings under the Consumer Financial Protection Bureau’s (CFPB) small-business loan data collection rule were made final under a rule published in the Federal Register. The final rule means […]

CFPB proposes limits on ‘risk to consumers’ considered when designating a nonbank for its supervision

August 25, 2025 0

A binding definition of “risk to consumers” that must be considered in any decision to bring a nonbank service provider under consumer bureau supervision will be out for a 30-day comment period under a notice […]

UPDATED: Bureau eyes new proposal on ‘open banking’ aimed at replacing 2024 final rule

August 21, 2025 0

This article has been revised to reflect the Aug. 22 publication of an advance notice of proposed rulemaking, or ANPR. A new rule on personal financial data rights – also known as “open banking” – […]

CFPB contemplates changes, seeks input on larger-market-participant tests

August 11, 2025 0

Changes in the tests for defining larger participants in the auto financing, consumer debt collection, consumer reporting, and international money transfer markets are contemplated in four advance notices of proposed rulemaking (ANPRs) from the Consumer […]

CFPB reverses rescission of rule setting notification procedures when states take CFPA enforcement action

July 22, 2025 0

A direct final rule published May 21 to rescind procedures by which a state official must notify the bureau when the official takes action to enforce the Consumer Financial Protection Act (CFPA) is rescinded as […]

Comments due July 18 on CFPB’s extended small-biz loan reporting deadlines

June 26, 2025 0

Compliance deadlines under the consumer financial protection agency’s 2023 small-business lending rule are extended by more than 11 months under an interim rule set to take effect July 18, when public comments are due. A […]

CFPB rescinds interpretive rule on states’ enforcement of CFPA; withdraws 3 proposed rules focused on EFT, data broker practices, contracts of adhesion

May 15, 2025 0

An interpretive rule that declared essentially no limits on states’ ability to enforce provision of the Consumer Financial Protection Act (CFPA) was rescinded as of Thursday, the Consumer Financial Protection Bureau (CFPB) said in a […]

Bureau, proposing to rescind past adjudication proceeding rule changes, says one gave director too much authority, others ‘unnecessary’

May 13, 2025 0

Comments are due June 12 on a proposed rule that would rescind the Feb. 22, 2022, and March 29, 2023, amendments to the Consumer Financial Protection Bureau’s (CFPB) rules of practice for adjudication proceedings, including […]

Acting CFPB head Vought rescinds 67 guidance documents issued since 2011

May 12, 2025 0

Sixty-seven guidance documents issued by the Consumer Financial Protection Bureau (CFPB) since its inception in 2011 are now rescinded, according to a notice in Monday’s Federal Register. The notice, signed by acting CFPB Director Russell […]

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Fed to expand operational hours for two large payments systems beginning in 2028

October 10, 2025 0

Sundays and weekday holidays will now be open for transactions through two of the central bank’s largest payments services, starting no earlier than 2028, the agency said late Thursday. The Fedwire (R ) Funds Service (FFS) and the National Settlement [...]
Guidance on capital instruments for MBOs lauded by national bank regulator, noting clarity offered

October 10, 2025 0

Providing clarity on capital instruments for mutual banking organizations (MBOs) through Federal Reserve guidance was lauded by the national bank regulator late Thursday. In a statement, Comptroller of the Currency Jonathon Gould said the Oct. 8 “additional tier 1 term [...]
FinCEN, financial institution regulators add answers to SAR frequently asked questions

October 9, 2025 0

Bank Secrecy Act (BSA) regulatory requirements on the reporting of potential illegal transaction structuring activity are among those that regulators sought to clarify in their recent additions to their suspicious activity report (SAR) frequently asked questions (FAQs). The FAQs focus [...]
No new data items for 3rd quarter call reports, but users will need to use new MFA logins

October 9, 2025 0

No new data items are included in its latest call report forms released Thursday, the federal bank deposit insurance agency said, but new multifactor authorization (MFA) is being added, the agency said. According to the Federal Deposit Insurance Corp. (FDIC), [...]
Agency bestows ‘senior bank examiner’ on 41-year veteran, who also serves as top inspector of Wells Fargo

October 9, 2025 0

A 41-year veteran of the national bank regulator is now a “senior national bank examiner” for her agency, the agency said late Wednesday. Jennifer Crosthwaite was bestowed the designation by the Office of the Comptroller of the Currency (OCC). According [...]
Former FDIC Board member finally lands at Treasury after Senate confirmation

October 8, 2025 0

From the board of the federal bank deposit insurance agency, to nominee to run the federal consumer financial protection agency, Jonathon McKernan has now bounced to be the next top Treasury liaison to financial institutions after his confirmation by the [...]
Bank regulators push forward to ban use of ‘reputation risk,’ focus on material financial risks, with two proposals

October 7, 2025 0

Banning use of reputation risk by regulators and focusing supervision on material financial risks are both subjects of proposals issued Tuesday by two federal bank regulators Tuesday. The Office of the Comptroller of the Currency (OCC) and the Federal Deposit [...]
Treasury deputy-under-secretary-in-waiting named, for now, to handle deputy secretary duties

October 7, 2025 0

Derek Theurer was appointed to “perform the duties” of Treasury deputy secretary, Treasury Secretary Scott Bessent announced Tuesday. Theurer has been serving as counselor, assisting Bessent on global and domestic tax issues, while awaiting confirmation to the post of deputy [...]