CFPB

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

Bureau renewing info collections related to mortgages, consumer leasing

September 5, 2018 0

Four information collections under rules of the Bureau of Consumer Financial Protection (BCFP, formerly known as CFPB) are up for revision, without any change, according to the bureau, which says it’s accepting public comments on […]

BCFP rule interprets, clarifies recent reform law’s partial HMDA exemptions

August 31, 2018 0

A final interpretive and procedural rule to “implement and clarify” the partial exemptions from requirements of the Home Mortgage Disclosure Act (HMDA) in the recently enacted Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA) […]

BCFP councils now limited to 6 members each, new recently posted charters show

August 28, 2018 0

Three advisory panels established under the 2010 financial reform law that also created the Bureau of Consumer Financial Protection (BCFP, formerly known as CFPB) have been pared down in membership slots to six each, according […]

Consumer bureau’s top student loan watchdog resigns, says bureau has ‘abandoned’ consumers

August 27, 2018 0

The student loan ombudsman for the Bureau of Consumer Financial Protection (BCFP) on Monday stated in a letter of resignation to Acting Director John (“Mick”) Mulvaney that the bureau under Mulvaney’s leadership no longer protects […]

RR post-break wrap-up: OCC clarifies CRA rating policy, Fed fines Citigroup, BCFP settles with Hydra Group; and more

August 24, 2018 0

Regulatory Report took a week-long break from Aug. 10 to Aug. 17, but the news didn’t. Here is a wrap-up of some of the key developments during the period. OCC policy on CRA clarified, leaving […]

Reg thresholds for mortgage and credit card disclosures, fees revised for 2019

August 24, 2018 0

All but one of the regulatory thresholds on what fees are allowed and which loans get special protections under the Truth in Lending Act (TILA), Credit Card Accountability Responsibility and Disclosure Act (CARD Act) and […]

Study finds little consumer concern for ‘pink tax,’ although some disparities exist

August 23, 2018 0

Limited consumer concerns based on gender-related pricing differences – termed a “pink tax” – were identified by the federal consumer financial protection agency and two other federal, non-financial regulatory agencies, a new report released Thursday […]

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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 [...]

Bureau renewing info collections related to mortgages, consumer leasing

BCFP rule interprets, clarifies recent reform law’s partial HMDA exemptions

BCFP councils now limited to 6 members each, new recently posted charters show

Consumer bureau’s top student loan watchdog resigns, says bureau has ‘abandoned’ consumers

RR post-break wrap-up: OCC clarifies CRA rating policy, Fed fines Citigroup, BCFP settles with Hydra Group; and more

Reg thresholds for mortgage and credit card disclosures, fees revised for 2019

Study finds little consumer concern for ‘pink tax,’ although some disparities exist

Nominee for consumer director moves forward after partisan committee vote of 13-12

22% of consumer reports showed telecom-related collections in past 5 years, BCFP reports

Bank, CU, securities regulators hold diversity and inclusion summit Sept. 13

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

Regulator opens door to banks buying, selling crypto assets held in custody – the latest in rolling back crypto hurdles

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

OCC’s RFI asks about obstacles to community banks going digital

FDIC ratings under CRA show 3 banks ‘outstanding’ and 2 ‘needs to improve’

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

Nearly half of 25 banks evaluated in April by OCC earn ‘outstanding’ CRA ratings

Texas commissioner re-elected as chair of state liaison committee to Exam Council