CFPB

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[ August 29, 2025 ] OCC cuts assessment rates for national banks, federal savings associations as of Sept. 30 OCC
[ August 29, 2025 ] Three prohibited from further service at banks after alleged misappropriation of funds, misrepresentations FDIC
[ August 29, 2025 ] FDIC removes references to ‘disparate impact’ – including how to evaluate risk – from compliance exam manual FDIC
[ August 29, 2025 ] Former credit union CEO caused more than $1.7 million in losses, order says NCUA
[ August 28, 2025 ] Chinese money launderers in U.S., used by Mexico-based drug cartels, target of advisory Other

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must notify the bureau when the official takes action to enforce the Consumer Financial Protection Act (CFPA) is rescinded as […]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 […]

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OCC cuts assessment rates for national banks, federal savings associations as of Sept. 30

August 29, 2025 0

The national bank regulator is reducing semiannual assessments on supervised institutions slated for Sept. 30, the agency announced Friday. Calling it the fifth such reduction since 2017, the Office of the Comptroller of the Currency (OCC) said it has reduced [...]
Three prohibited from further service at banks after alleged misappropriation of funds, misrepresentations

August 29, 2025 0

A former “senior universal banker” and teller at a Massachusetts bank has been prohibited from further service at a financial institution and ordered to pay a $12,000 civil money penalty (CMP), the federal bank deposit insurance agency said Friday. According [...]
FDIC removes references to ‘disparate impact’ – including how to evaluate risk – from compliance exam manual

August 29, 2025 0

References to “disparate impact” – the result of practices unintentionally having a disproportionate, negative effect on a protected group, including minorities – are now erased from an examination manual issued by the federal bank deposit insurance agency, it said Friday. [...]
Former credit union CEO caused more than $1.7 million in losses, order says

August 29, 2025 0

A former Wisconsin credit union CEO who reportedly caused her credit union losses exceeding $1.7 million is permanently barred from service in any federally insured financial institution, according to a consent order announced Friday by the National Credit Union Administration [...]
Chinese money launderers in U.S., used by Mexico-based drug cartels, target of advisory

August 28, 2025 0

Chinese money laundering networks (CMLNs) in the U.S. that are used by Mexico-based drug cartels — dubbed a “mutualistic relationship” — are the target of an advisory to banks, the Treasury’s top financial crimes enforcement arm said Thursday. The Financial [...]
OCC shows 102 banks slated for CRA exams in Q4 2025, Q1 2026

August 28, 2025 0

A total of 102 national banks and federal savings associations are slated for their anti-redlining Community Reinvestment Act (CRA) evaluations over the final quarter of 2025 and the first quarter of 2026, according to their federal regulator. The Office of [...]
Audit produces 10 recommendations for improving NCUA info security

August 27, 2025 0

The federal credit union regulator’s information security program was found to be “effective overall” in a recent independent audit report, but the auditor reported five new weaknesses in the controls selected for review and gave 10 recommendations for improvements. The [...]
Registration for NCUA’s closed town hall open until Friday

August 27, 2025 0

Registration for the off-the-record “strategic plan” town hall slated for Sept. 9 by the federal credit union regulator remains open until Friday, the agency reminded in a release Wednesday. The meeting, to be held virtually, is described as “off the [...]
Profitability down for banks at midyear, continuing decline from year ago; DIF exceeds statutory minimum, ending restoration plan

August 26, 2025 0

Return on assets (ROA) for the nation’s banks was down at midyear as was net income, which the federal bank deposit insurance agency Tuesday blamed on an increase in provision expenses related to a large bank acquisition. Absent that, the [...]

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

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

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

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

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

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

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

Acting CFPB head Vought rescinds 67 guidance documents issued since 2011

‘Buy now, pay later’ rule not a priority for enforcement, CFPB says; rescission to be considered

Enforcement of ECOA small-business loan data collection deprioritized at CFPB

OCC cuts assessment rates for national banks, federal savings associations as of Sept. 30

Three prohibited from further service at banks after alleged misappropriation of funds, misrepresentations

FDIC removes references to ‘disparate impact’ – including how to evaluate risk – from compliance exam manual

Former credit union CEO caused more than $1.7 million in losses, order says

Chinese money launderers in U.S., used by Mexico-based drug cartels, target of advisory

OCC shows 102 banks slated for CRA exams in Q4 2025, Q1 2026

Audit produces 10 recommendations for improving NCUA info security

Registration for NCUA’s closed town hall open until Friday

Profitability down for banks at midyear, continuing decline from year ago; DIF exceeds statutory minimum, ending restoration plan