CFPB

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[ May 1, 2025 ] Enforcement of ECOA small-business loan data collection deprioritized at CFPB CFPB
[ May 1, 2025 ] Nearly half of 25 banks evaluated in April by OCC earn ‘outstanding’ CRA ratings OCC
[ May 1, 2025 ] Texas commissioner re-elected as chair of state liaison committee to Exam Council Other
[ April 30, 2025 ] 2 Dems in Senate, House want IG to investigate NCUA Board member firings NCUA
[ April 30, 2025 ] Regulator closes small New Jersey credit union with ‘no prospect for restoring viable operations’ NCUA

Sweeping rules for sales of data by brokers to comply with FCRA under consideration

April 3, 2024 0

Ensuring that data brokers comply with the Fair Credit Reporting Act (FCCA) through sweeping requirements affecting data sales the stated goal of new rules to be proposed by the federal consumer financial protection agency, its […]

Bureau circular reminds: remittances based on false advertising of “no fee,” “free” services violate federal law

March 27, 2024 0

Remittance transfer providers that issue false advertising about the cost or speed of sending a remittance transfer can violate federal law, the federal consumer financial protection agency reminded in a circular issued Wednesday. The Consumer […]

2023 HMDA mortgage loan-level data released for 5,089 lenders

March 26, 2024 0

Mortgage loan data that approximately 5,089 financial institutions collected last year on their modified loan application registers (LARs) as required under Home Mortgage Disclosure Act (HMDA) regulations was released Tuesday by the Consumer Financial Protection […]

Bureau joins regulators’ vow to hire more technologists to meet AI, data-intensive challenges

March 26, 2024 0

Increasing tech capacity – including by hiring more technologists – to help enforce laws and design remedies for consumers and others is the aim of a joint regulatory statement issued Tuesday. The Consumer Financial Protection […]

Bureau working on setting attributes of standard-setting groups under proposed ‘open banking’ rule, before final issued this fall

March 14, 2024 0

Codifying the attributes that standard-setting organizations must demonstrate to be recognized under a proposed, final “open banking” rule would be accomplished before the final rule is issued, likely this fall, the head of the federal […]

Bureau cuts penalty, additional late fees for large credit card issuers; smaller issuers get more room

March 5, 2024 0

“Large card issuers” are now subject to a much lower safe harbor amount for penalty fees and restrictions on fees for subsequent violations to ensure that late fees they charge are “reasonable and proportional” as […]

CFPB circular focuses on potential for CFPA violation by digital comparison-shopping tool operators

February 29, 2024 0

Digital comparison-shopping tool operators that give preference to financial products based on benefits to themselves are in violation of the Consumer Financial Protection Act (CFPA), the federal consumer financial protection agency said Thursday. The Consumer […]

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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 [...]
2 Dems in Senate, House want IG to investigate NCUA Board member firings

April 30, 2025 0

The ranking Democrats on the U.S. Senate Banking Committee and House Financial Services Committee on Tuesday called for an inspector general investigation of the president’s recent firings of National Credit Union Administration (NCUA) Board Members Todd Harper and Tanya Otsuka. [...]
Regulator closes small New Jersey credit union with ‘no prospect for restoring viable operations’

April 30, 2025 0

A small New Jersey credit union was liquidated Wednesday by the federal credit union regulator after the agency said it had found the cooperative to be insolvent. The National Credit Union Administration (NCUA) said it liquidated Unilever Federal Credit Union [...]
Three former credit union workers prohibited in April, agency reports

April 30, 2025 0

Three former credit union workers were prohibited in April from further work in federally insured financial institutions, the federal regulator announced Wednesday. The National Credit Union Administration (NCUA) said the three individuals were: Anh-Thu Nguyen, a former worker of Goldenwest [...]

Sweeping rules for sales of data by brokers to comply with FCRA under consideration

Bureau circular reminds: remittances based on false advertising of “no fee,” “free” services violate federal law

2023 HMDA mortgage loan-level data released for 5,089 lenders

Bureau joins regulators’ vow to hire more technologists to meet AI, data-intensive challenges

Bureau working on setting attributes of standard-setting groups under proposed ‘open banking’ rule, before final issued this fall

Bureau cuts penalty, additional late fees for large credit card issuers; smaller issuers get more room

CFPB circular focuses on potential for CFPA violation by digital comparison-shopping tool operators

Comments on overdraft proposal for ‘very large’ banks due April 1

Consumer bureau’s credit union council set to meet March 8

New supervisory appeals process includes individual panels of CFPB managers to conduct review

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

2 Dems in Senate, House want IG to investigate NCUA Board member firings

Regulator closes small New Jersey credit union with ‘no prospect for restoring viable operations’

Three former credit union workers prohibited in April, agency reports