CFPB – Page 122 – Regulatory Report

What's up

[ July 1, 2025 ] NCUA shutters small IL credit union after 12-day conservatorship; third to close in two weeks NCUA
[ July 1, 2025 ] Seven banks – including Bank of China branches – earn top ratings for CRA compliance OCC
[ June 30, 2025 ] Fed: 2025 stress test shows banks ‘well positioned’ to withstand severe recession The Fed
[ June 30, 2025 ] Risk on rise for banks in three key areas, OCC reports, as economic uncertainty increases OCC
[ June 30, 2025 ] Citing imminent insolvency, credit union regulator closes doors of OH cooperative; members, accounts transferred to another NCUA

Senate on threshold of vote to disapprove 5-year-old CFPB action setting interest rate caps on indirect auto loans

April 17, 2018 0

The Senate was poised Tuesday to disapprove a five-year-old action by the federal consumer financial protection agency outlining indirect auto lenders’ compliance with fair lending requirements, including caps on interest rates. Senators voted along party […]

Week ahead: Quarles before Congress, Brainard on reg reform, regulator boards meet – and more

April 13, 2018 0

Two congressional hearings featuring the top supervisory official of the Federal Reserve, a speech on regulatory reform by another Fed governor, transitioning capital rules to new accounting provisions by the federal deposit insurer, the monthly […]

Arguments before appeals court over CFPB ‘acting director’ revolve around meanings in statutes, ‘will’ of the president

April 12, 2018 0

The statute creating the Consumer Financial Protection Bureau (CFPB) protects it from presidential will, an attorney for the claimant to the top position at the agency told a federal appeals court Wednesday. However, an attorney […]

Mulvaney tells panel his CFPB stint ends June 22 if Trump fails to submit a nomination

April 11, 2018 0

The acting director of the Consumer Financial Protection Bureau (CFPB) — who also serves as the White House budget director — told a House panel Wednesday he would have to leave the consumer agency post […]

Overdraft not in CFPB’s spring agenda, Mulvaney says in hearing

April 11, 2018 0

Overdraft rules are not on the spring rulemaking agenda of the Consumer Financial Protection Bureau (CFPB), the bureau’s acting director, Mick Mulvaney, told lawmakers during Q&A in a House Financial Services Committee hearing Wednesday. Mulvaney, […]

Proposed CFPB structure, mission changes belong to acting director – not Trump, other agencies – Mulvaney tells committee

April 11, 2018 0

Significant changes to the structure and mission of the federal consumer financial protection agency recommended by the agency’s acting director in House testimony Wednesday are his and not those of the White House or any […]

Last of ‘RFIs’ from CFPB issued; focus on agency’s system for collecting consumer complaints and inquiries

April 11, 2018 0

“Consumer complaints and inquiries” is the focus of the 12th, and last, of the “requests for information” from the Consumer Financial Protection Bureau (CFPB) in the quest of the agency’s acting director to uncover evidence […]

In testimony, consumer bureau acting director outlines coming reconsideration of HMDA rules

April 11, 2018 0

Reconsidering various aspects of the 2015 Home Mortgage Disclosure Act (HMDA) regulations will be the focus of a rulemaking the federal consumer financial protection agency intends to open, the agency’s acting director told a House […]

Guidance provided on ‘cyber insurance,’ but exam council calls ‘effective controls’ still the best defense

April 10, 2018 0

Guidance for financial institutions considering special insurance to offset financial losses from data breaches and other cyber incidents is offered in a joint statement released Tuesday by federal financial institution regulators. However, the regulators noted […]

CFPB advisory board panels to meet on ‘call for evidence’ initiative, mobile financial services to vulnerable populations

April 9, 2018 0

Two subcommittees of the Consumer Financial Protection Bureau’s (CFPB) Consumer Advisory Board (CAB) are set to meet by conference call April 18 and 19, respectively, to address two requests for information (RFIs) issued in the […]

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NCUA shutters small IL credit union after 12-day conservatorship; third to close in two weeks

July 1, 2025 0

A tiny credit union that was placed into conservatorship June 18 was closed by its federal regulator July 1, the agency said in a release that alleged violations of federal law and rules. It is the third credit union the [...]
Seven banks – including Bank of China branches – earn top ratings for CRA compliance

July 1, 2025 0

Seven banks – including two branches of the Bank of China – received the highest ratings for compliance with rules implementing anti-redlining laws, according to scores released Tuesday by the national bank regulator. The ratings for compliance with Community Reinvestment [...]
Fed: 2025 stress test shows banks ‘well positioned’ to withstand severe recession

June 30, 2025 0

The 22 large banks subjected to the Federal Reserve Board’s 2025 stress test reportedly are “well positioned” to withstand a hypothetical, severe recession while remaining above their minimum capital requirements and continuing to lend to households and businesses, the Fed [...]
Risk on rise for banks in three key areas, OCC reports, as economic uncertainty increases

June 30, 2025 0

Economic uncertainty has increased as consumer sentiment, geopolitical risk, sustained higher interest rates, and downward movement in some macroeconomic indicators have all had their impact on threats to the banking system, the national bank regulator said Monday. In its Semiannual [...]
Citing imminent insolvency, credit union regulator closes doors of OH cooperative; members, accounts transferred to another

June 30, 2025 0

A Middletown, Ohio, credit union has been closed and its members and their accounts moved to a Cincinnati, Ohio, credit union, the federal regulator said Monday. Butler Heritage Federal Credit Union (FCU) of Middletown was liquidated by the National Credit [...]
2 former credit union employees barred from future work in insured FIs

June 30, 2025 0

A former employee of a Kansas credit union and one from a credit union in Pennsylvania are barred from participating in the affairs of any federally insured depository institution, the federal credit union regulator said Monday. The National Credit Union [...]
Texas bank became second to fail so far this year

June 30, 2025 0

A Santa Anna, Texas, bank was closed late Friday by the national bank regulator, becoming the second bank to fail so far this year. Santa Anna National Bank was closed by the Office of the Comptroller of the Currency (OCC), [...]