CFPB

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[ July 3, 2025 ] Violations in 2024 of TIL and flood insurance once again were tops for banks; HMDA abuses move up the charts FDIC
[ July 3, 2025 ] 7 banks ‘outstanding,’ 64 ‘satisfactory’ for CRA, FDIC reports in latest disclosure FDIC
[ 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

UPDATED: Bureau issues two advisory opinions under FCRA: on disclosures, background screening

January 11, 2024 0

A consumer does not need to use specific language to trigger a consumer reporting agency’s file disclosure requirements, according to an advisory opinion issued Thursday by the federal consumer financial protection agency. The agency also […]

Civil money penalties jacked up under the law, as an inflation result, for new year by CFPB

January 8, 2024 0

New civil money penalty (CMP) amounts, adjusted for inflation, were announced Monday under a final rule issued by the federal consumer financial protection agency; the increased penalty amounts take effect Jan. 15. The Consumer Financial […]

Long hold times, inaccurate billing statements, more noted in CFPB review of student loan repayment resumption

January 5, 2024 0

The federal consumer protection agency on Friday issued a report on observations regarding borrowers’ return to federal student loan repayment that it says may hold serious implications for not only borrowers but the broader economy. […]

Filing period for 2023 HMDA data now open, with March 1 submission due date

January 4, 2024 0

Filings for data collected last year under home mortgage disclosure requirements are due by March 1, the federal consumer financial protection agency said Thursday, noting that the filing period opened on Jan. 1. The Consumer […]

Asset-size exemption thresholds rise in 2024 for mortgage data collection, certain mortgage escrow requirements

December 21, 2023 0

The asset-size exemption thresholds for financial institutions required to collect Home Mortgage Disclosure Act (HMDA) data and, separately, to establish escrow accounts for higher-priced mortgage loans will rise in 2024, according to Federal Register notices […]

U.S. Bank slapped with $36 million in separate fines alleging ‘illegal conduct,’ unfairness related to unemployment benefits access

December 19, 2023 0

Fines totaling $36 million were announced Tuesday against the fifth largest bank firm in the nation for “illegal conduct” during the coronavirus crisis related to access and payment of unemployment benefits, two regulators said. In […]

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Violations in 2024 of TIL and flood insurance once again were tops for banks; HMDA abuses move up the charts

July 3, 2025 0

The two most common violations of consumer compliance supervision in 2024 were those related to truth-in-lending and mandatory flood insurance – pretty much the same results reported in 2023 — according to an annual report issued Thursday by the federal [...]
7 banks ‘outstanding,’ 64 ‘satisfactory’ for CRA, FDIC reports in latest disclosure

July 3, 2025 0

Seventy-one banks whose performance ratings under the anti-redlining Community Reinvestment Act (CRA) were announced Thursday were all rated either “outstanding” or “satisfactory,” according to the Federal Deposit Insurance Corp. (FDIC). The information, which the FDIC said became publicly available in [...]
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 [...]

UPDATED: Bureau issues two advisory opinions under FCRA: on disclosures, background screening

Civil money penalties jacked up under the law, as an inflation result, for new year by CFPB

Long hold times, inaccurate billing statements, more noted in CFPB review of student loan repayment resumption

Filing period for 2023 HMDA data now open, with March 1 submission due date

Asset-size exemption thresholds rise in 2024 for mortgage data collection, certain mortgage escrow requirements

U.S. Bank slapped with $36 million in separate fines alleging ‘illegal conduct,’ unfairness related to unemployment benefits access

Colleges may continue to mislead students into high-fee financial products, report asserts

Overdraft fees still catch many consumers by surprise, survey finds; low-income households pay most

Agency shutters medical debt collector after consumers complained about unverified bills

VA bank to pay ‘no less than’ $5 million in consumer redress, $1.2 million fine for illegal overdraft practices

Violations in 2024 of TIL and flood insurance once again were tops for banks; HMDA abuses move up the charts

7 banks ‘outstanding,’ 64 ‘satisfactory’ for CRA, FDIC reports in latest disclosure

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

Seven banks – including Bank of China branches – earn top ratings for CRA compliance