CFPB – Page 115 – Regulatory Report

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[ October 2, 2026 ] Wisconsin bank, holding company consent to enforcement actions for ‘unsafe, unsound’ practices FDIC
[ October 1, 2026 ] Agency finally closes down troubled credit union after embezzlement charges; Alabama CU assumes members, savings, some assets NCUA
[ October 1, 2026 ] FDIC ends independent monitor brought on to ensure ‘workplace culture’ reforms after sexual harassment claims FDIC
[ October 1, 2026 ] ‘Living wills’ feedback letters published for 15 banking orgs; OCC votes against releasing one plan FDIC
[ October 1, 2026 ] Failed California bank will cost bank insurance fund $114 million FDIC

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 […]

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

August 23, 2018 0

The nomination of the next director of the federal consumer financial protection agency was recommended favorably, narrowly and along partisan lines (and after withering criticism by Democrats) by a Senate committee Thursday. The next step […]

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

August 22, 2018 0

Collections for telecommunications debt – for example, money owed for landline or cell phone, cable or Internet – showed up in more than 1 in 5 consumer credit reports from mid-2013 to early 2018, but […]

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

August 22, 2018 0

Federal financial industry regulators will jointly host the first-ever Financial Regulatory Agencies’ Diversity and Inclusion Summit Sept. 13 in New York City, the federal agency that regulates credit unions said in an email announcement Monday. […]

Bureau urges servicemembers to ensure credit issues don’t affect their clearances

August 21, 2018 0

The Bureau of Consumer Financial Protection (BCFP) is warning servicemembers to heed new federal security clearance guidelines that provide for “continuous” monitoring of the financial status of servicemember with security clearances. This monitoring, undertaken by […]

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Wisconsin bank, holding company consent to enforcement actions for ‘unsafe, unsound’ practices

October 2, 2026 0

A Wisconsin bank’s holding company is now under an enforcement order issued Friday by the Federal Reserve for “unsafe and unsound” banking practices – about two months after another federal banking agency issued a similar order for the bank owned [...]
Agency finally closes down troubled credit union after embezzlement charges; Alabama CU assumes members, savings, some assets

October 1, 2026 0

A troubled Mississippi credit union was closed and its members and savings (shares) were assumed by an Alabama Credit Union, the federal regulator announced late Wednesday. Jackson Area Federal Credit Union (FCU), of Jackson Miss., was closed and its members [...]
FDIC ends independent monitor brought on to ensure ‘workplace culture’ reforms after sexual harassment claims

October 1, 2026 0

Workplace culture reforms spawned by allegations of sexual harassment at the federal bank deposit insurance agency will no longer be overseen by an independent monitor, the agency said late Wednesday, asserting that the monitor’s work had concluded. The Federal Deposit [...]
‘Living wills’ feedback letters published for 15 banking orgs; OCC votes against releasing one plan

October 1, 2026 0

Feedback letters from 15 banking organizations with more than $250 billion in assets on their resolution plans were published Sept. 29 by the Federal Reserve and the Federal Deposit Insurance Corp. (FDIC), the agencies said. However, the Office of the [...]
Failed California bank will cost bank insurance fund $114 million

October 1, 2026 0

A failed California bank that was closed Sept. 25 is estimated to cost the federal bank deposit insurance fund about $114 million, the insurance fund said agency. The bank reopened Sept. 28 as a branch of a Utah bank as [...]
Former teller leader prohibited for allegedly misappropriating nearly a quarter million dollars from cash dispenser machines

September 25, 2026 0

Misappropriation of about $246,000 from teller cash dispenser machines has led to the prohibition of a former teller supervisor of a bank in the Maryland suburbs of Washington, D.C., the Federal Reserve said Thursday. According to the agency, Renee Nicole [...]