CFPB – Page 14 – Regulatory Report

What's up

[ May 5, 2025 ] OCC’s RFI asks about obstacles to community banks going digital OCC
[ May 5, 2025 ] FDIC ratings under CRA show 3 banks ‘outstanding’ and 2 ‘needs to improve’ FDIC
[ 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

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 […]

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

December 19, 2023 0

Many college-sponsored financial products have higher fees and worse terms and conditions compared to typical market products according to a report issued Tuesday by the federal consumer financial protection agency. According to its 2023 student […]

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

December 19, 2023 0

More than a quarter of consumers say someone in their household was charged an overdraft fee or NSF fee within the past year, even though many banks and credit unions have dropped the fees, the […]

Agency shutters medical debt collector after consumers complained about unverified bills

December 18, 2023 0

Alleged illegal attempts to collect unverified medical debts after consumers disputed their validity spurred the federal consumer financial protection agency to close down a bill collector and fine it $95,000, the agency said Friday. According […]

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

December 7, 2023 0

Illegal overdraft practices are at the center of a consent order announced Thursday that requires Atlanta Union Bank (AUB), a subsidiary of Atlantic Union Bankshares Corporation (Richmond, Va.), to pay $5 million in redress to […]

$12 million fine ordered against BofA after loan officers lied about mortgage data to federal regulators

November 28, 2023 0

A $12 million penalty is imposed on Bank of America (BofA) for the acts of submitting false mortgage lending information to the federal government for at least four years, the federal consumer financial protection agency […]

$60 million in redress, fine ordered for automaker credit arm in alleged efforts to withhold refunds, provide false data

November 20, 2023 0

A $60 million payment for fines and consumer redress was ordered against a carmaker’s lending arm for allegedly directing customers to a dead-end cancellation hotline, withholding refunds, and “knowingly” tarnishing credit reports with false data, […]

Comments due to CFPB Jan. 8 on supervision of nonbank digital consumer payment providers

November 20, 2023 0

Public comments on a proposed rule subjecting larger nonbank companies that offer digital payment apps and wallets will be accepted by the Consumer Financial Protection Bureau (CFPB) through Jan. 8, according to a notice in […]

Student lending firm ordered to pay $30 million to borrowers for illegal loans, abusive debt collection

November 20, 2023 0

More than $30 million in relief was ordered Monday for student borrowers from a former Delaware company after the federal consumer financial protection agency and 11 states charged the firm with illegal loans and abusive […]

Defining Larger Participants of a Market for General-Use Digital Consumer Payment Applications

November 20, 2023 0

Title: Defining Larger Participants of a Market for General-Use Digital Consumer Payment Applications Subject: Digital payments; larger market participants Agency: CFPB Status: Proposed rule Summary: The Consumer Financial Protection Bureau (CFPB) proposes a rule to […]

« 1 … 12 13 14 15 16 … 135 »

OCC’s RFI asks about obstacles to community banks going digital

May 5, 2025 0

Questions about the key challenges and barriers faced by community banks in adopting and implementing digital banking solutions are posed in a request for information (RFI) announced Monday by the national banking regulator. The Office of the Comptroller of the [...]
FDIC ratings under CRA show 3 banks ‘outstanding’ and 2 ‘needs to improve’

May 5, 2025 0

Of the 64 banks assigned ratings under the federal anti-redlining statute this February, three were rated “outstanding” and 2 were rated “needs to improve,” the federal bank deposit insurer said Monday. The remaining 57 banks were deemed “satisfactory” under the [...]
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 [...]