CFPB – Page 116 – Regulatory Report

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[ June 9, 2023 ] ‘Trust in banking’ will be focus of new public survey proposed by national bank regulator OCC
[ June 8, 2023 ] Joint proposal would offer guidance on reconsiderations of value (ROVs) in real estate appraisals CFPB
[ June 8, 2023 ] Bureau orders medical debt collector Phoenix to pay $1.675 million penalty plus consumer redress CFPB
[ June 8, 2023 ] Credit union loans grow, but so do ‘warning signs’ among other key indicators in first quarter NCUA
[ June 8, 2023 ] OCC’s mutual savings association panel meets June 27 OCC

Survey: ‘troubling problems’ in debt collection industry

January 12, 2017 0

More than one in four consumers contacted by debt collectors feel threatened – and three in four of consumers report that debt collectors do not honor their request that collectors leave them alone, according to […]

House Dems to Trump: Firing Cordray tempts protracted legal battle

January 11, 2017 0

House Democrats in a letter have urged President-elect Donald Trump to reject calls to fire CFPB Director Richard Cordray, made in an earlier letter from Republican senators. In their letter on Tuesday, signed by Rep. […]

Senators call on Trump to fire Cordray (despite appeal)

January 10, 2017 0

Donald Trump, “promptly after his inauguration” as president, should fire CFPB Director Richard Cordray, two senators have written to the vice president-elect, despite an on-going legal battle over whether the director may be fired before […]

Chief of staff, other leadership positions named

January 7, 2017 0

Leandra English will be the CFPB’s chief of staff, returning to an agency she served previously as deputy chief operating officer and in other senior positions, the bureau announced today while also naming several other […]

Nearly 40% of older student borrowers in default, report finds

January 5, 2017 0

Nearly 40 percent of federal student loan borrowers age 65 and older were in default in 2015, according to a report released today by the CFPB, as many borrowers deal with payments on student loans […]

Credit raters fined, ordered to ‘truthfully represent’ value

January 4, 2017 0

Declaring that two credit rating agencies “lured consumers into costly recurring payments for credit-related products with false promises,” the CFPB Tuesday ordered Equifax, Inc., and TransUnion to pay fines and restitution totaling $23.1 million and […]

Collecting on debt already paid leads complaints

January 2, 2017 0

Attempts to collect on a debt that has already been paid is the source of the most common complaint about collections, according to the CFPB’s latest monthly complaint snapshot released Dec. 27. According to the […]

Nominations for CFPB advisory board, councils due March 1

December 27, 2016 0

Nominations for appointment to three of CFPB’s advisory groups (councils and board) representing banks, credit unions and consumers will open Jan. 16, with completed applications due by March 1. The bureau expects to announce selection of […]

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Joint proposal would offer guidance on reconsiderations of value (ROVs) in real estate appraisals

June 8, 2023 0

Reconsiderations of value (ROVs) for residential real estate valuations that allow consumers to provide financial institutions with information that may not have been considered during an appraisal, or if deficiencies are identified in the original appraisal, are offered in new [...]
Bureau orders medical debt collector Phoenix to pay $1.675 million penalty plus consumer redress

June 8, 2023 0

A medical debt collector that in “at least thousands of times” continued efforts to collect on debt that was not substantiated after a consumer disputed the debt’s validity must pay redress plus a $1.675 million civil money penalty under an [...]
Credit union loans grow, but so do ‘warning signs’ among other key indicators in first quarter

June 8, 2023 0

Credit unions saw healthy growth in loans during the year’s first quarter, but other performance indicators – including net income, provision for loan losses, and delinquencies – showed some warning signs, according to numbers released Thursday by their federal regulator. [...]
OCC’s mutual savings association panel meets June 27

June 8, 2023 0

Topics of interest to the mutual savings association industry will be discussed publicly during a June 27 advisory committee meeting at the Office of the Comptroller of the Currency (OCC). The OCC’s Mutual Savings Association Advisory Committee (MSAAC), hosted in [...]
Data collections surpass 500 in latest compilation from federal financial research agency

June 8, 2023 0

More than 500 data collections from federal financial institution regulators are included in the latest catalog compiled by the Treasury’s agency for researching financial information. The Office of Financial Research (OFR) said its 2023 Interagency Data Inventory (IDI), updated annually, [...]