CFPB – Page 115 – Regulatory Report

What's up

[ 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
[ May 1, 2025 ] Enforcement of ECOA small-business loan data collection deprioritized at CFPB CFPB

Debt collection firm, former CEO hit with penalties for harming consumers

July 13, 2018 0

A Kansas-based debt collection company and its former chief executive and part owner have been assessed penalties of $3 million each for unlawful debt collection acts and practices, harming consumer, the federal consumer financial protection […]

Banking committee schedules July 19 hearing for BCFP director nominee Kraninger

July 13, 2018 0

A hearing on the nomination for the next – and permanent — director of the federal consumer financial protection agency has been set for Thursday by the Senate Banking Committee. Kathleen “Kathy” Kraninger was nominated […]

Senate Banking reviews Fair Credit Reporting Act, looks past S. 2155 credit freeze measure

July 12, 2018 0

A hearing Thursday by the Senate Banking Committee that included testimony from the Bureau of Consumer Financial Protection (BCFP) and Federal Trade Commission (FTC) evidenced ongoing concerns regarding the security of the data collected by […]

83 comments received on bureau’s ‘financial education programs’ RFI; one RFI to go

July 10, 2018 0

A total of 83 comment letters were received on the consumer financial protection bureau’s request for information (RFI) on its financial education programs as of midnight Monday, the close of the public comment period, according […]

With deputy director resignation, consumer bureau acting director appoints acting deputy director

July 9, 2018 0

Brian Johnson is the new acting deputy director for the federal consumer financial protection agency, taking the place of the former incumbent who officially resigned Monday. Johnson was selected for the position by Bureau of […]

House to take up measure giving charities relief from TRID disclosure forms for 0% mortgage loans

July 9, 2018 0

Legislation that calls for the federal consumer financial protection agency to rewrite its rules for disclosures about mortgage loans at zero percent interest made by charities such as Habitat for Humanity and others will be […]

By dropping lawsuit and resigning, English closes chapter in drama over consumer bureau’s leadership

July 9, 2018 0

The deputy director of the federal consumer financial protection agency will resign her position – perhaps as early as Monday – and has dropped her legal challenge to be the temporary leader of the agency, […]

NEXT WEEK: FDIC leaders, past/present, speak; RFI no. 11 comments due; FCRA testimony presented

July 6, 2018 0

The current and immediate past chairmen of the federal bank deposit insurance agency will open and close – respectively – a gathering of community bankers that is sponsored by the agency, one of a handful […]

Agencies offer joint statement on HMDA exemptions resulting from reg relief legislation

July 5, 2018 0

Partial exemptions for some financial institutions from certain Home Mortgage Disclosure Act (HMDA) requirements resulting from regulatory relief legislation enacted in May are outlined in a joint statement issued Thursday by federal financial institution regulators. […]

‘Guidance, implementation support’ RFI generates 45 letters; two (out of 12) remain in series

July 3, 2018 0

Forty-five comments on its request for information (RFI) about “Guidance and Implementation Support” were received by the federal consumer financial protection agency as of the close of the comment period Monday, according to tallies provided […]

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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 [...]