CFPB – Page 128 – Regulatory Report

What's up

[ August 29, 2025 ] OCC cuts assessment rates for national banks, federal savings associations as of Sept. 30 OCC
[ August 29, 2025 ] Three prohibited from further service at banks after alleged misappropriation of funds, misrepresentations FDIC
[ August 29, 2025 ] FDIC removes references to ‘disparate impact’ – including how to evaluate risk – from compliance exam manual FDIC
[ August 29, 2025 ] Former credit union CEO caused more than $1.7 million in losses, order says NCUA
[ August 28, 2025 ] Chinese money launderers in U.S., used by Mexico-based drug cartels, target of advisory Other

Credit card pacts with colleges decline, concentrate among issuers, report finds

January 4, 2018 0

The 10 largest credit card agreements between credit card issuers and universities reached an “unprecedented” 43% of all payments by issuers in 2016, according to a report issued Wednesday – although the number of agreements […]

Survey shows CFPB employees like their work, feel it’s important; some grumble about pay, recognition

January 3, 2018 0

Employees of the federal consumer watchdog agency overwhelmingly like the work that they do, have the information they need to do the job, are encouraged to come up with new and better ways to do […]

Consumer use of credit cards ramps up, report finds – and banks are making the most of it

December 28, 2017 0

Credit cards are making a comeback as consumer use is ramping up – and banks focusing on credit cards are taking advantage, seeing a triple return on their investments, according to the 2017 credit card […]

Changes ahead for prepaid rule, bureau declares; effective date to be extended again

December 22, 2017 0

Changes are coming next month to the final rule on prepaid accounts – in the meantime, the effective date of the rule will be extended, the Consumer Financial Protection Bureau (CFPB) said Thursday. In a short […]

Thresholds for mortgage disclosures data collection, TILA escrow requirements raised

December 21, 2017 0

Asset-size thresholds will be raised for exemptions from home mortgage disclosure data collection and requirements to establish escrow accounts for higher-priced mortgage loans under two final rules issued by the Consumer Financial Protection Bureau (CFPB) […]

Hearing set on CFPB leadership dispute, as acting/deputy directors face off

December 21, 2017 0

A federal court is scheduled to hear arguments Friday over why it should (or should not) issue a preliminary injunction declaring the deputy director of the Consumer Financial Protection Bureau (CFPB) the true director of […]

Agency dials back on HMDA data error penalties, signals reconsideration of reporting requirements ahead

December 21, 2017 0

Penalties for errors won’t be assessed for Home Mortgage Disclosure Act (HMDA) data collected in 2018 – and new rulemaking reconsidering aspects of 2015 HMDA reporting rules is coming, the federal consumer protection bureau said […]

Bureau withdraws debt collection on-line survey; leadership ‘reconsidering’ in light of rulemaking review

December 19, 2017 0

A web-based survey under development about debt collection disclosure forms has been withdrawn by the Consumer Financial Protection Bureau (CFPB), according to a posting a federal agency website. The Office of Information and Regulatory Affairs […]

Board approves 2018 $2.1 billion budget (down 3% from previous year), with acting CFPB director’s participation

December 19, 2017 0

A nearly $2.1 billion budget for 2018 was approved 3-0 Tuesday by the board overseeing the nation’s bank and savings institution insurance fund, a decrease of about 3% from the previous year. The voting included […]

Deposit insurer’s board meeting opens opportunity for two newest members to attend

December 15, 2017 0

The 2018 operating budget for the insurer of savings in the nation’s banks and savings associations will be under consideration when its board meets Tuesday – which may include a first appearance in that role […]

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OCC cuts assessment rates for national banks, federal savings associations as of Sept. 30

August 29, 2025 0

The national bank regulator is reducing semiannual assessments on supervised institutions slated for Sept. 30, the agency announced Friday. Calling it the fifth such reduction since 2017, the Office of the Comptroller of the Currency (OCC) said it has reduced [...]
Three prohibited from further service at banks after alleged misappropriation of funds, misrepresentations

August 29, 2025 0

A former “senior universal banker” and teller at a Massachusetts bank has been prohibited from further service at a financial institution and ordered to pay a $12,000 civil money penalty (CMP), the federal bank deposit insurance agency said Friday. According [...]
FDIC removes references to ‘disparate impact’ – including how to evaluate risk – from compliance exam manual

August 29, 2025 0

References to “disparate impact” – the result of practices unintentionally having a disproportionate, negative effect on a protected group, including minorities – are now erased from an examination manual issued by the federal bank deposit insurance agency, it said Friday. [...]
Former credit union CEO caused more than $1.7 million in losses, order says

August 29, 2025 0

A former Wisconsin credit union CEO who reportedly caused her credit union losses exceeding $1.7 million is permanently barred from service in any federally insured financial institution, according to a consent order announced Friday by the National Credit Union Administration [...]
Chinese money launderers in U.S., used by Mexico-based drug cartels, target of advisory

August 28, 2025 0

Chinese money laundering networks (CMLNs) in the U.S. that are used by Mexico-based drug cartels — dubbed a “mutualistic relationship” — are the target of an advisory to banks, the Treasury’s top financial crimes enforcement arm said Thursday. The Financial [...]
OCC shows 102 banks slated for CRA exams in Q4 2025, Q1 2026

August 28, 2025 0

A total of 102 national banks and federal savings associations are slated for their anti-redlining Community Reinvestment Act (CRA) evaluations over the final quarter of 2025 and the first quarter of 2026, according to their federal regulator. The Office of [...]
Audit produces 10 recommendations for improving NCUA info security

August 27, 2025 0

The federal credit union regulator’s information security program was found to be “effective overall” in a recent independent audit report, but the auditor reported five new weaknesses in the controls selected for review and gave 10 recommendations for improvements. The [...]
Registration for NCUA’s closed town hall open until Friday

August 27, 2025 0

Registration for the off-the-record “strategic plan” town hall slated for Sept. 9 by the federal credit union regulator remains open until Friday, the agency reminded in a release Wednesday. The meeting, to be held virtually, is described as “off the [...]
Profitability down for banks at midyear, continuing decline from year ago; DIF exceeds statutory minimum, ending restoration plan

August 26, 2025 0

Return on assets (ROA) for the nation’s banks was down at midyear as was net income, which the federal bank deposit insurance agency Tuesday blamed on an increase in provision expenses related to a large bank acquisition. Absent that, the [...]