CFPB – Page 134 – Regulatory Report

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[ 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
[ April 30, 2025 ] Three former credit union workers prohibited in April, agency reports NCUA
[ April 29, 2025 ] NCUA Board now lacks a quorum, according to suit by Harper, Otsuka challenging their firings from board NCUA
[ April 29, 2025 ] Acting OCC leader sees AI as powerful, links its use to financial inclusion efforts OCC

Suit alleges illegal fees sought from debt relief law firms, attorneys

January 30, 2017 0

Law firms and individual attorneys offering debt relief services were sued today by the CFPB for collaborating to allegedly charge “illegal fees” to consumers seeking debt relief, the consumer agency announced today. The suit filed […]

Bureau fines mortgage servicers for ‘giving runaround’ to consumers

January 23, 2017 0

“Giving the runaround” to homeowners seeking options to save their homes is cited as the impetus behind a $28.8 million order by the CFPB to two mortgage servicing subsidiaries of one of the nation’s largest […]

Bank sued for ‘tricking consumers’ into overdraft fees

January 19, 2017 0

TCF National Bank, a Minnesota-based bank with operations in seven states, was sued today by the CFPB for allegedly “tricking consumers” into costly overdraft services and fees. In its filing, CFPB claimed that TCF designed […]

Suit claims ‘systematic’ failure of student borrowers

January 18, 2017 0

A lawsuit against the nation’s largest servicer of federal and private student loans – charging the group “systematically and illegally” failed borrowers at every stage of repayment – has been filed by the CFPB, seeking […]

Compliance bulletin focuses on ‘production incentives’

January 17, 2017 0

“Production incentives” are the topic of a compliance bulletin published today by the CFPB, which highlights examples where incentives “contributed to substantial consumer harm” and which describes compliance management steps CFPB-supervised entities should take to […]

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 […]

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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 [...]
NCUA Board now lacks a quorum, according to suit by Harper, Otsuka challenging their firings from board

April 29, 2025 0

A lawsuit filed Monday by the two Democrats fired recently from their board posts at the National Credit Union Administration (NCUA) seeks their reinstatement and asserts that with its two vacancies, the NCUA Board now lacks the quorum required to [...]
Acting OCC leader sees AI as powerful, links its use to financial inclusion efforts

April 29, 2025 0

Calling artificial intelligence (AI) a “powerful technology,” the regulator of national banks said Tuesday it can be used to help banks make more informed decisions – but only if it is built and used responsibly, such as in supporting financial [...]