CFPB – Page 124 – Regulatory Report

What's up

[ 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

Consumer bureau seeks applicants to consumer advisory board, community bank and credit union councils

March 15, 2018 0

The Consumer Financial Protection Bureau (CFPB) – the federal agency charged with writing and enforcing federal consumer financial protection rules under the Dodd-Frank financial reform law – is inviting applications for membership on three advisory […]

[UPDATED] Latest bureau RFI looks at adopted rules – but not HMDA reporting, or payday lending

March 14, 2018 0

Adopted regulations and new rulemaking authorities are the latest topics for a “request for information” (RFI) – the eighth in the series of an expected dozen – issued by the federal consumer protection agency March […]

Users of ‘RushCard’ pre-paids from 2015, check your mail: a check is on its way

March 13, 2018 0

If you had a RushCard in October 2015 (and you don’t any longer) check your mail: the federal consumer protection bureau said Tuesday you were sent a check. The Consumer Financial Protection Bureau (CFPB) said […]

[UPDATED] Consumer bureau revises mortgage servicer rule on statements for bankrupt borrowers

March 8, 2018 0

The Consumer Financial Protection Bureau (CFPB) on Thursday issued a final rule to simplify statement requirements for mortgage servicers working with borrowers in bankruptcy. The revisions, which change provisions in the bureau’s 2016 rule for […]

[UPDATED] Consumer protection bureau RFI targets rulemaking processes

March 7, 2018 0

Announcing its seventh request for information (RFI) regarding its own processes, the Consumer Financial Protection Bureau (CFPB) on Wednesday invited input from the public on the discretionary aspects of the bureau’s rulemaking processes. June 7 […]

House gives nod to regulatory review bill, calling for evaluation every seven years (rather than 10)

March 7, 2018 0

Legislation expanding the frequency, scope and coverage of annual regulatory reviews by the federal financial institution regulators was easily passed by the House Tuesday, 264 – 143. The Comprehensive Regulatory Review Act (H.R. 4607) would […]

Consumer bureau schedules community bank council meeting on ‘call for evidence,’ HMDA

March 5, 2018 0

The advisory group of community banks for the federal consumer protection agency will hold its first meeting of 2018 later this month, largely to review the recent calls for “evidence” by the agency and other […]

‘Usefulness’ of consumer complaint reporting the 6th info request in Mulvaney’s search for ‘evidence’ of how CFPB does its job

March 1, 2018 0

“Usefulness” of complaint reporting and analysis, and specific suggestions for best practices for doing so, are the subjects of the sixth and latest “request for information” (RFI) Thursday by the Consumer Financial Protection Bureau (CFPB). […]

10 recommendations floated by GAO for regulators to ease burden, assess mortgage disclosure effectiveness

February 27, 2018 0

The federal consumer protection agency and the federal financial institution regulators are the subject of 10 recommendations made by the congressional watchdog, including assessing effectiveness of mortgage disclosure guidance and reporting rationales for their actions. […]

In report, bureau says data ‘insufficient’ to measure credit scoring model changes

February 22, 2018 0

Data are “insufficient” to evaluate the extent to which the removal of civil public records from consumer credit reports affected the predictiveness of commercial credit scoring models, the federal consumer protection bureau said in a […]

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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 [...]