CFPB

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[ September 20, 2019 ] WEEK AHEAD: Faster payments thoughts, insights from the Fed, ‘2nd chances’ on the agenda The Fed
[ September 20, 2019 ] Federal credit union agency board sets closed meeting for appeal NCUA
[ September 19, 2019 ] NCUA approves ‘PALs II’ allowing payday-alt loans up to $2,000 for 12 months NCUA
[ September 19, 2019 ] Accuracy of credit, background screening reports up for discussion in December CFPB
[ September 19, 2019 ] Kraninger gives outline of philosophy for bureau at opening of symposia session CFPB

Policy on the Compliance Assistance Sandbox

September 13, 2019 0

Title: Policy on the Compliance Assistance Sandbox Subject: Compliance assistance sandbox Agency: CFPB Status: Final Summary: The Bureau of Consumer Financial Protection (Bureau) is issuing its final Policy on the Compliance Assistance Sandbox (Policy), which […]

CFPB no-action letter, trial disclosure program, compliance assistance sandbox policies slated as rules in F.R.

September 12, 2019 0

The three policies announced earlier this week by the consumer financial protection bureau, offering providers a measure of protection against compliance violations when they receive prior agency approval for certain activities, are slated for publication […]

CFPB finalizes no-action letter (NAL) policy, two others to ease entry of new products, test new disclosures

September 10, 2019 0

A revised no-action letter (NAL) policy, announcement of the first NAL issued under the new policy, and final policies on trial disclosures and compliance assistance (proposed initially as a “product sandbox” policy) were issued Tuesday […]

Kraninger asserts three new bureau policies will foster innovation, ease uncertainty

September 10, 2019 0

Three policies announced Tuesday are intended to improve how the federal consumer financial protection agency exercises its authority to facilitate innovation and reduce regulatory uncertainty, the director of the agency told an Atlanta audience. In […]

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WEEK AHEAD: Faster payments thoughts, insights from the Fed, ‘2nd chances’ on the agenda

September 20, 2019 0

Faster payments and speeches from Federal Reserve Board governors highlight the week ahead – along with some credit union comments due for “second chances.” Federal Reserve Board Vice Chairmen Richard H. Clarida and Randal Quarles speak on successive days about [...]
Federal credit union agency board sets closed meeting for appeal

September 20, 2019 0

A board appeal is the single agenda item slated for consideration by the National Credit Union Administration (NCUA) Board during a closed meeting Tuesday (Sept. 24) at 10 a.m. ET. NCUA says the meeting is closed under exemption (8) of [...]
NCUA approves ‘PALs II’ allowing payday-alt loans up to $2,000 for 12 months

September 19, 2019 0

Federally chartered credit unions will be permitted to provide their members “payday alternative loans” (PALs) of any amount up to $2,000, fully amortized over a term of one to 12 months, under a final rule approved Thursday on a 2-1 [...]
Accuracy of credit, background screening reports up for discussion in December

September 19, 2019 0

Issues affecting the accuracy of both traditional credit reports and employment and tenant background screening reports will be under discussion at an “accuracy in consumer reporting” workshop set for the second week of December, sponsored by two federal agencies that [...]
Kraninger gives outline of philosophy for bureau at opening of symposia session

September 19, 2019 0

Given its discretion to create rules for consumer protection in a new space outside of what Congress allows, the federal consumer financial protection agency should approach that responsibility “judiciously cognizant of unintended consequences,” the director of the agency said Thursday. [...]
Four prohibitions (and one pending) among comptroller’s August enforcement actions

September 19, 2019 0

A notice of charges for an order of prohibition and four consent orders for prohibition were issued last month by the Office of the Comptroller of the Currency (OCC), according to a release Thursday by the agency. According to the [...]
FDIC ombudsman office takes over post-exam survey process; one aim is to boost response

September 19, 2019 0

The federal regulatory agency charged with insuring bank deposits has shifted its post-examination process for federally insured institutions to its ombudsman office, according to a Financial Institution Letter (FIL) issued Thursday. The survey was previously administered by the Division of [...]
Fed terminates enforcement action with FL bank holding company

September 19, 2019 0

A 2010 enforcement action with Optimumbank Holdings, Inc., of Fort Lauderdale, Fla., was terminated Sept. 11 by the Federal Reserve Board, the Fed said in a release Thursday. The Fed said Optimumbank Holdings is a registered bank holding company that [...]
Powell: No political interference, negative interest rates ‘not at the top of our list’ of tools for economy

September 18, 2019 0

The independence of the nation’s central bank has served the public well, and the chairman of the bank’s board expects to continue his press conferences following meetings of interest rate policy-setting committees, he said Wednesday. He also said that negative [...]

Policy on the Compliance Assistance Sandbox

CFPB no-action letter, trial disclosure program, compliance assistance sandbox policies slated as rules in F.R.

CFPB finalizes no-action letter (NAL) policy, two others to ease entry of new products, test new disclosures

Kraninger asserts three new bureau policies will foster innovation, ease uncertainty

‘Innovation network’ among federal, state regulators unveiled by consumer bureau

Consumer bureau sues foreclosure relief firm, its CEO and auditor over deceptive and abusive acts, practices

Bureau sets next in series of symposia for Sept. 19 on behavioral law, economics

CFPB updates two HMDA webinars for relief-law changes, adds a third

UPDATED: While we were out: What happened last week that we would have told you about

‘Simple messages’ on prepaid cards increase chances of use at tax time, study finds

WEEK AHEAD: Faster payments thoughts, insights from the Fed, ‘2nd chances’ on the agenda

Federal credit union agency board sets closed meeting for appeal

NCUA approves ‘PALs II’ allowing payday-alt loans up to $2,000 for 12 months

Accuracy of credit, background screening reports up for discussion in December

Kraninger gives outline of philosophy for bureau at opening of symposia session

Four prohibitions (and one pending) among comptroller’s August enforcement actions

FDIC ombudsman office takes over post-exam survey process; one aim is to boost response

Fed terminates enforcement action with FL bank holding company

Powell: No political interference, negative interest rates ‘not at the top of our list’ of tools for economy