CFPB – Page 106 – Regulatory Report

What's up

[ May 8, 2025 ] OCC restores previous merger act rules; comments due in 30 days OCC
[ May 7, 2025 ] Regulator opens door to banks buying, selling crypto assets held in custody – the latest in rolling back crypto hurdles OCC
[ May 6, 2025 ] ‘Buy now, pay later’ rule not a priority for enforcement, CFPB says; rescission to be considered CFPB
[ May 5, 2025 ] OCC’s RFI asks about obstacles to community banks going digital OCC
[ May 5, 2025 ] FDIC ratings under CRA show 3 banks ‘outstanding’ and 2 ‘needs to improve’ FDIC

Agency lists first ‘no action’ letter as highlight in last year’s fair lending enforcement

December 6, 2018 0

The first “no-action” letter issued by the federal consumer financial protection agency last year is listed as one of the highlights of the agency’s efforts in fair lending enforcement, according to a report dated Tuesday. […]

Report: Rearranging words in agency’s name could cost firms it regulates up to $300 million

December 4, 2018 0

Changing the name of the federal consumer financial protection agency could impose costs of up to $300 million on the businesses that the agency regulates, according to a report published Monday. The Hill, a newspaper […]

WEEK AHEAD: Bush memorial services reset schedules: Powell testimony postponed, Kraninger vote unclear

December 3, 2018 0

Memorial services spanning Tuesday through Thursday for former President George H.W. Bush, — who died Friday – are having ripple effects on events in the week ahead affecting federal financial regulators. The effects include a […]

Kraninger nomination to consumer bureau cleared for final Senate vote

November 29, 2018 0

A vote on the president’s nomination of Kathleen (“Kathy”) Kraninger to a permanent post as director of the consumer financial protection bureau cleared a procedural step Thursday and is on track for a Senate vote […]

Renewal of consumer leasing, mortgage-related requirements out for comment

November 29, 2018 0

Four information collections are up for renewal at the Bureau of Consumer Financial Protection (BCFP, formerly known as CFPB): consumer leasing disclosures, information retention under mortgage acts and practices rules, disclosures related to mortgage assistance […]

Consumer complaint portal, bureau name change noted in 2018 ombudsman report

November 29, 2018 0

A mismatch in consumer complaint statuses, the agency’s name change and more are among the topics addressed in a report published online Thursday by the federal consumer financial protection agency’s ombudsman. In her “2018 Annual […]

Bureau gears up Office of Cost-Benefit Analysis (OCBA) with job posting for director

November 27, 2018 0

Reviewing, analyzing and recommending to the director and principal policy staff member cost-benefit analysis of proposed and final rules and actions will be the primary responsibilities of a new “cost-benefit analysis” assistant director of the […]

Kraninger confirmation vote, Fed governor speeches, Senate hearing on money laundering ahead this week

November 26, 2018 0

A much-anticipated Senate vote to confirm the next consumer financial protection bureau director is among the top items slated for the coming week, along with speeches about financial stability and monetary policy by the chairman […]

UPDATED: Report attempts to document ‘disaster comment codes’ by FIs in offering assistance to customers, members

November 21, 2018 0

A report documenting the prevalence of natural disaster comment codes in credit records to shed light on current practices for natural disaster reporting by financial institutions in offering assistance to their customers or members has […]

Agencies raise exemption thresholds 2.5% for 2019 consumer credit, lease transactions

November 21, 2018 0

Dollar thresholds have been set at $57,200 for determining exempt consumer credit and lease transactions in 2019, the Federal Reserve and the Bureau of Consumer Financial Protection (BCFP, formerly known as the CFPB) said in […]

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OCC restores previous merger act rules; comments due in 30 days

May 8, 2025 0

The national bank regulator is restoring its pre-2024 business combinations rule under the Bank Merger Act (BMA), undoing the rule adopted last September and also rescinding its related policy statement. The changes by the Office of the Comptroller of the [...]
Regulator opens door to banks buying, selling crypto assets held in custody – the latest in rolling back crypto hurdles

May 7, 2025 0

National banks and federal savings associations may buy and sell crypto assets held in custody, the national bank regulator confirmed Wednesday in an interpretive letter. The Office of the Comptroller of the Currency (OCC) said the banks may transact the [...]
‘Buy now, pay later’ rule not a priority for enforcement, CFPB says; rescission to be considered

May 6, 2025 0

Enforcement of last year’s interpretive rule on “buy now, pay later” loans will not be prioritized and could be rescinded in the future, the Consumer Financial Protection Bureau (CFPB), the bureau said Tuesday. As with other rules the bureau has [...]
OCC’s RFI asks about obstacles to community banks going digital

May 5, 2025 0

Questions about the key challenges and barriers faced by community banks in adopting and implementing digital banking solutions are posed in a request for information (RFI) announced Monday by the national banking regulator. The Office of the Comptroller of the [...]
FDIC ratings under CRA show 3 banks ‘outstanding’ and 2 ‘needs to improve’

May 5, 2025 0

Of the 64 banks assigned ratings under the federal anti-redlining statute this February, three were rated “outstanding” and 2 were rated “needs to improve,” the federal bank deposit insurer said Monday. The remaining 57 banks were deemed “satisfactory” under the [...]
Enforcement of ECOA small-business loan data collection deprioritized at CFPB

May 1, 2025 0

Add the agency’s Equal Credit Opportunity Act (ECOA) small-business loan data collection rule to those the Consumer Financial Protection Bureau (CFPB) won’t be going out of its way to enforce. The bureau said Wednesday that in light of a stay [...]
Nearly half of 25 banks evaluated in April by OCC earn ‘outstanding’ CRA ratings

May 1, 2025 0

About half of banks – out of 25 total – earned “outstanding” ratings for their compliance with anti-redlining regulations during April, the regulator of national banks said Thursday. In its latest monthly release of ratings for compliance with Community Reinvestment [...]
Texas commissioner re-elected as chair of state liaison committee to Exam Council

May 1, 2025 0

The Texas commissioner of banking will serve as the chair of the state regulator liaison committee for another year to the umbrella group of federal financial institution regulators, the agency announced Thursday. Charles G. Cooper, commissioner of the Texas Department [...]