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[ October 1, 2026 ] Agency finally closes down troubled credit union after embezzlement charges; Alabama CU assumes members, savings, some assets NCUA
[ October 1, 2026 ] FDIC ends independent monitor brought on to ensure ‘workplace culture’ reforms after sexual harassment claims FDIC
[ October 1, 2026 ] ‘Living wills’ feedback letters published for 15 banking orgs; OCC votes against releasing one plan FDIC
[ October 1, 2026 ] Failed California bank will cost bank insurance fund $114 million FDIC
[ September 25, 2026 ] Former teller leader prohibited for allegedly misappropriating nearly a quarter million dollars from cash dispenser machines The Fed

Required Rulemaking on Personal Financial Data Rights

October 31, 2023 0

Title: Required Rulemaking on Personal Financial Data Rights Subject: Consumer access to data Agency: CFPB Status: Proposed rule Summary: The Consumer Financial Protection Bureau (CFPB) is proposing a rule to implement personal financial data rights […]

CFPB: Credit card late fees, like other card costs, have risen above pre-pandemic levels, remain ‘most significant’ in cost, frequency

October 26, 2023 0

Credit card companies charged consumers more than $105 billion in interst and more than $25 billion in fees in 2022, with late fees described in a report released Thursday as the “most significant” fee assessed […]

Bureau unveils new rule proposal aimed at giving consumers more control over their financial data

October 19, 2023 0

Consumers would ostensibly have control over data about their financial lives and “would gain new protections against companies misusing their data,” the federal consumer protection agency said Thursday in proposing a new rule. The Consumer […]

App alleged to have cheated users on international money transfers, deceiving them about speed, costs

October 17, 2023 0

Cheating users on international money transfers is alleged in a complaint issued Tuesday against a widely used mobile app by the federal consumer financial protection agency. In a release, the Consumer Financial Protection Bureau (CFPB) […]

DOJ, CFPB remind FIs that ECOA protects credit applicants regardless of immigration status

October 12, 2023 0

The Equal Credit Opportunity Act’s (ECOA) protections against discrimination apply regardless of a credit applicant’s immigration status, the Consumer Financial Protection Bureau (CFPB) and the Department of Justice (DOJ) underscored in a joint statement Wednesday. […]

Agencies seek $23 million in penalties from rental screening arm of big three credit reporting company TransUnion

October 12, 2023 0

Penalties of $23 million against a subsidiary of one of the big three credit reporting agencies were announced by two federal agencies Thursday for actions that include failing to ensure accurate rental background checks and […]

Home affordability declined in 2022 driven by higher rates, fees; more applicants denied for insufficient income

September 27, 2023 0

Overall affordability of homes declined significantly in 2022, with borrowers spending more of their income on mortgage payments and lenders more often denying applications for insufficient income, the federal consumer financial protection agency said Wednesday. […]

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Agency finally closes down troubled credit union after embezzlement charges; Alabama CU assumes members, savings, some assets

October 1, 2026 0

A troubled Mississippi credit union was closed and its members and savings (shares) were assumed by an Alabama Credit Union, the federal regulator announced late Wednesday. Jackson Area Federal Credit Union (FCU), of Jackson Miss., was closed and its members [...]
FDIC ends independent monitor brought on to ensure ‘workplace culture’ reforms after sexual harassment claims

October 1, 2026 0

Workplace culture reforms spawned by allegations of sexual harassment at the federal bank deposit insurance agency will no longer be overseen by an independent monitor, the agency said late Wednesday, asserting that the monitor’s work had concluded. The Federal Deposit [...]
‘Living wills’ feedback letters published for 15 banking orgs; OCC votes against releasing one plan

October 1, 2026 0

Feedback letters from 15 banking organizations with more than $250 billion in assets on their resolution plans were published Sept. 29 by the Federal Reserve and the Federal Deposit Insurance Corp. (FDIC), the agencies said. However, the Office of the [...]
Failed California bank will cost bank insurance fund $114 million

October 1, 2026 0

A failed California bank that was closed Sept. 25 is estimated to cost the federal bank deposit insurance fund about $114 million, the insurance fund said agency. The bank reopened Sept. 28 as a branch of a Utah bank as [...]
Former teller leader prohibited for allegedly misappropriating nearly a quarter million dollars from cash dispenser machines

September 25, 2026 0

Misappropriation of about $246,000 from teller cash dispenser machines has led to the prohibition of a former teller supervisor of a bank in the Maryland suburbs of Washington, D.C., the Federal Reserve said Thursday. According to the agency, Renee Nicole [...]

Required Rulemaking on Personal Financial Data Rights

CFPB: Credit card late fees, like other card costs, have risen above pre-pandemic levels, remain ‘most significant’ in cost, frequency

Bureau unveils new rule proposal aimed at giving consumers more control over their financial data

App alleged to have cheated users on international money transfers, deceiving them about speed, costs

DOJ, CFPB remind FIs that ECOA protects credit applicants regardless of immigration status

Agencies seek $23 million in penalties from rental screening arm of big three credit reporting company TransUnion

Home affordability declined in 2022 driven by higher rates, fees; more applicants denied for insufficient income

FAQs address CFPB small business lending rule in wake of Texas court decision

Chopra assails legal challenges to CFPB rules, asserting they will destabilize housing, consumer markets

Leasing firm ordered to let customers keep merchandise, forgo $33 million in payments, pay $2 million penalty

Agency finally closes down troubled credit union after embezzlement charges; Alabama CU assumes members, savings, some assets

FDIC ends independent monitor brought on to ensure ‘workplace culture’ reforms after sexual harassment claims

‘Living wills’ feedback letters published for 15 banking orgs; OCC votes against releasing one plan

Failed California bank will cost bank insurance fund $114 million

Former teller leader prohibited for allegedly misappropriating nearly a quarter million dollars from cash dispenser machines