CFPB – Page 11 – Regulatory Report

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

UPDATED: Proposal would subject many ‘paycheck advance’ programs to TILA, mandate disclosures

July 18, 2024 0

This article has been updated to include a link to the Federal Register notice and comment deadline. Ensuring workers know the cost and fees of “paycheck advance” products is the aim of an interpretive rule […]

Agencies finalize guidance on reconsiderations of value (ROVs) for real estate sales

July 18, 2024 0

Final guidance addressing reconsiderations of value (ROVs) for residential real estate transactions were issued by all five federal financial institution regulators Thursday, the agencies announced in a joint release. According to the release, the guidance […]

UPDATED: Agencies jointly issue final automated valuation rule setting quality control standards for mortgage lenders

July 17, 2024 0

A final rule designed to ensure credibility and integrity of automated valuation models (AVMs) in mortgages secured by a consumer’s principal dwelling through quality control standards was issued Wednesday by the federal financial regulators and […]

Home loan applications dipped in ’23, but share of purchase loans to Blacks, Asians, rose slightly

July 11, 2024 0

Home loan applications in 2023 were down 30% – from 14.3 million in 2022 to 10 million – according to new home lending data released Thursday. However, the share of home purchase loans to Black, […]

Proposed rule would require mortgage servicers to focus on helping borrowers, not foreclosing

July 11, 2024 0

Mortgage servicers would be required to focus on helping their mortgage borrowers, and not foreclosing, when a homeowner asks for help under a rule proposed Wednesday by the federal consumer financial protection agency. The proposal […]

Action against ‘repeat offender’ Fifth Third Bank seeks $20 million in redress for auto repos, opening fake accounts

July 9, 2024 0

Alleged wrongful triggering of auto repossessions, and purported opening of fake bank accounts, has led Tuesday to the federal consumer financial protection agency to seek $20 million in penalties from one of the nation’s largest […]

Exams find communication issues in account freezes, limited oversight in medical payment products, CFPB says

July 2, 2024 0

Unfair practices in how some banks communicated with consumers about freezes on deposit and prepaid accounts, and limited oversight by financial institutions of medical providers offering payment products, are among concerns recently identified by examiners […]

Survey results show mortgage borrowers’ views of appraisals, willingness to move, disability accommodations

July 1, 2024 0

Details on appraisals, willingness to move, and disability accommodations are covered in updated loan-level data released Monday by two federal agencies collected through the National Survey of Mortgage Originations (NSMO). The data also provide, according […]

With bureau funding upheld, small business lending rule proceeds with interim rule on data collection

July 1, 2024 0

Data collection compliance for small business lending is extended to next year (July 18, 2025) for the highest volume lenders, and to dates in 2026 for moderate and lowest volume lenders, the federal consumer financial […]

Reverse servicing failures, repeated data errors, earn mortgage-related companies combined nearly $9 million in penalties

June 18, 2024 0

Two mortgage-related firms face action – including a combined nearly $9 million in penalties — for reverse mortgage servicing failures and recurring data errors, the federal consumer financial protection agency charged Tuesday. The Consumer Financial […]

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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 [...]