CFPB – Page 111 – 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

UPDATED: Bureau updates FCRA model disclosures for credit freeze, fraud alert changes

September 13, 2018 0

Model forms for disclosures required of consumer reporting agencies under the Fair Credit Reporting Act (FCRA) are updated in an interim final rule issued Wednesday by the Bureau of Consumer Financial Protection (BCFP, formerly known […]

Consumer bureau finalizes rule changes on handling of info requests

September 12, 2018 0

A final rule revising consumer financial protection bureau procedures for handling information requests from members of the public is set to take effect Oct. 12. The final rule, issued by the Bureau of Consumer Financial […]

Regulators issue five policies and practices for ‘clarifying’ use of supervisory guidance

September 11, 2018 0

Five policies and practices aimed to clarify use of supervisory guidance were issued in a joint statement Tuesday by the five federal financial institution regulatory agencies, which the agencies said were meant to clarify that […]

Fed/FOMC, BCFP, FinCEN, data security targeted in 14-bill mark-up Thursday

September 11, 2018 0

The House Financial Services Committee is set to begin mark-up Thursday of 14 pieces of legislation that range in focus from, among other things, Federal Reserve operations and monetary policy (for example, removing employment from […]

UPDATED: Advisory council meetings scheduled by bureau – all on same day, times, with same agendas

September 11, 2018 0

Meetings of three advisory councils, with their newly appointed memberships, of the federal consumer financial protection agency are scheduled for Sept. 27, according to filings Tuesday in the Federal Register. The Bureau of Consumer Financial […]

NCUA issues ‘consumer financial protection’ update on partial HMDA exemption

September 10, 2018 0

Credit unions eligible for a partial exemption from mortgage data reporting under the recently enacted regulatory relief law should report non-exempt data points this year, even if they collected all data points prior to the […]

BCFP announces members of consumer, community bank, CU councils

September 7, 2018 0

The Bureau of Consumer Financial Protection (BCFP) on Friday announced new memberships for three councils to advise the bureau director on consumer, community bank and credit union views regarding the agency’s supervisory and rulemaking activities. […]

Continued consumer bureau exams of credit reporting cybersecurity depend on priorities, GAO reports

September 7, 2018 0

Continuing cybersecurity examinations of consumer reporting agencies (CRAs), such as Equifax and other credit reporting organizations, will be conducted by the federal consumer financial protection – but only if cybersecurity is identified as a priority […]

Consumer bureau proposes ‘disclosure sandbox’ to encourage test programs

September 7, 2018 0

Participants in a new “disclosure sandbox” proposed by the federal consumer financial protection bureau will receive waivers from usual federal disclosure requirements and self-report material changes in consumer complaint patterns to the bureau, according to […]

Bureau notes violations in loan servicing, credit cards; adds small-business lending to report

September 6, 2018 0

Supervisory and examination findings regarding compliance, and noncompliance, with federal consumer financial protection laws are cited in a six-month report that also, for the first time, looks at small-business lending. In its latest Supervisory Highlights […]

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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 [...]