CFPB

What's up

[ March 6, 2026 ] Credit union assets close 2025 at $2.43 trillion, loans at $1.72 trillion; net interest margin up NCUA
[ March 5, 2026 ] Tokenized security should receive same capital treatment as non-tokenized form, agencies clarify FDIC
[ March 5, 2026 ] Fed drops 2018 Wells Fargo enforcement order, asserting that bank ‘met all required conditions’ The Fed
[ March 5, 2026 ] 5 banks rated ‘outstanding,’ 2 ‘needs to improve’ for CRA compliance, FDIC reports FDIC
[ March 4, 2026 ] Economic activity up slightly, but more areas report declines; consumer spending ‘dampened by uncertainty’ The Fed

CFPB: ‘Repeat offender’ New Day Financial fined $2.25 million for deceiving veterans that got cash-out refi loans

August 30, 2024 0

New Day Financial, also known as NewDay USA, was fined $2.25 million Thursday over deceptive activities targeting veterans seeking cash-out refinance loans, the federal agency charged with consumer financial protection said. The Consumer Financial Protection […]

Bureau finds 3 out of 8 retailers reviewed charge $90 million annually for ‘cash back’ at the register; notes concern over consumers’ access to cash

August 27, 2024 0

Three out of the eight major retail chains included in a sample reviewed by the federal consumer financial protection agency were found to charge “cash back” fees at the register, a practice that the agency […]

Bureau unveils beta platform for testing collection of non-customer small business data

August 26, 2024 0

A beta platform for testing the collection of small business data mandated by federal requirements was unveiled Monday by the federal consumer financial protection agency, which invited financial institutions and their technology service providers to […]

60-day comment period set for proposed data collection standards rule

August 22, 2024 0

Comments are due Oct. 21 on a proposal to establish data standards for the collection of information reported to federal financial institution regulators by financial entities under their jurisdiction, the federal financial institution and other […]

Bureau charges firm $5 million in redress, penalties for failing to meet requirements of 2017 order

August 22, 2024 0

Taking prohibited foreclosure actions against borrowers requesting mortgage assistance, and other deficiencies, have resulted in $5 million in redress and penalties ordered by the federal consumer financial protection bureau against a Tampa-based mortgage servicer, the […]

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Tokenized security should receive same capital treatment as non-tokenized form, agencies clarify

March 5, 2026 0

An eligible tokenized security should generally receive the same capital treatment as the non-tokenized form of the security under the capital rule under answers to frequently asked questions (FAQs) issued by the federal banking regulators Thursday. The agency said the [...]
Fed drops 2018 Wells Fargo enforcement order, asserting that bank ‘met all required conditions’

March 5, 2026 0

Wells Fargo is relieved of the remainder of a 2018 enforcement order from the Federal Reserve that, among other things, limited the bank’s growth and mandated removal of some of its board members, the agency said Thursday. In a release, [...]
5 banks rated ‘outstanding,’ 2 ‘needs to improve’ for CRA compliance, FDIC reports

March 5, 2026 0

The 59 banks that received their evaluation ratings under the anti-redlining Community Reinvestment Act (CRA) in December included five that were rated “outstanding” and two “needs to improve,” according to information released Thursday by the Federal Deposit Insurance Corp. (FDIC). [...]
Economic activity up slightly, but more areas report declines; consumer spending ‘dampened by uncertainty’

March 4, 2026 0

While economic activity increased slightly in seven of 12 Federal Reserve Districts in the last month, it fell or was flat in the remaining five – up from four in the previous reporting period, the agency said Wednesday. In its [...]

CFPB: ‘Repeat offender’ New Day Financial fined $2.25 million for deceiving veterans that got cash-out refi loans

Bureau finds 3 out of 8 retailers reviewed charge $90 million annually for ‘cash back’ at the register; notes concern over consumers’ access to cash

Bureau unveils beta platform for testing collection of non-customer small business data

60-day comment period set for proposed data collection standards rule

Bureau charges firm $5 million in redress, penalties for failing to meet requirements of 2017 order

‘Contracts for deed’ – often used where interest on loans banned – subject to protections, agency rules

Small business lending filing instruction guide updated by agency

Agencies issue joint proposal for data standards rules for information they collect

CFPB, Fed join rulemaking on interoperability of data collected by financial regulators

CFPB: Financial firms whose nondisclosure agreements intimidate potential whistleblower activity risk violating CFPA

Tokenized security should receive same capital treatment as non-tokenized form, agencies clarify

Fed drops 2018 Wells Fargo enforcement order, asserting that bank ‘met all required conditions’

5 banks rated ‘outstanding,’ 2 ‘needs to improve’ for CRA compliance, FDIC reports

Economic activity up slightly, but more areas report declines; consumer spending ‘dampened by uncertainty’