CFPB

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[ July 1, 2022 ] Treasury leader notes ‘urgent need’ for cryptocurrency regulation through ‘serious legislative efforts’ CFPB
[ July 1, 2022 ] Most bankers in post-exam surveys cite favorable exam experiences, FDIC ombudsman report shows FDIC
[ July 1, 2022 ] In CRA ratings, four banks earn ‘outstanding,’ one gets ‘needs improvement’ mark FDIC
[ July 1, 2022 ] Banking agencies release ’22 list of underserved, middle-income areas eligible for CRA consideration FDIC
[ July 1, 2022 ] Deadline extended for feedback on U.S. GSIB banks’ ‘living wills’ to give agencies more time to dissect FDIC

CFPB director, in blog post, discusses reg simplification and current priorities

June 17, 2022 0

The consumer financial protection agency’s desire to transition away from highly complicated rules and toward simpler, clearer rules – plus a look at its current regulatory priorities – was detailed in a blog post Friday by the […]

Request for Information Regarding Employer-Driven Debt

June 17, 2022 0

Title: Request for Information Regarding Employer-Driven Debt Subject: Employer-driven debt Agency: CFPB Status: Request for information Summary: The Consumer Financial Protection Bureau (CFPB or Bureau) is charged with monitoring markets for consumer financial products and […]

Big banks, credit unions, to be under microscope for how they provide access to customer service

June 14, 2022 0

How customers and members of big banks and credit unions may assert their rights to better customer service is the stated aim of an initiative announced Tuesday by the federal consumer financial protection agency, the […]

CFPB

CFPB circulars on deceptive use of FDIC name/logo, adverse credit action notice rules published

June 14, 2022 0

Two new circulars providing other agencies guidance on the consumer financial protection agency’s policy on matters related to misuse of elements denoting the presence of federal bank deposit insurance and on adverse action notification requirements […]

Credit report bullying, phony medical bill collectors continue to plague military, veterans, families, report asserts

June 13, 2022 0

Problems with coercive credit reporting and false medical bill collections – including billing inaccuracies and aggressive debt collector tactics to recover allegedly unpaid medical bills – are cited by military service members, their families, and […]

Consumer bureau sets sights on employer-driven debt products, practices

June 9, 2022 0

Practices and financial products that may leave workers indebted to their employers is the focus of an inquiry launched Thursday by the Consumer Financial Protection Bureau (CFPB). In a request for information (RFI), the bureau […]

Student loan debt relief operator would be banned, fined, for allegedly absconding with $240,000 from borrower accounts

June 9, 2022 0

An operator of a California-based student loan debt relief firm would be banned from the industry after allegedly withdrawing more than $240,000 from student loan borrowers’ accounts without their authorization, the federal consumer financial protection […]

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Treasury leader notes ‘urgent need’ for cryptocurrency regulation through ‘serious legislative efforts’

July 1, 2022 0

Ensuring that stablecoin arrangements are subject to a federal framework on a “consistent and comprehensive basis” is an “urgent need,” Secretary of the Treasury Janet Yellen told a group of regulators Thursday. During a meeting of the principals of the [...]
Most bankers in post-exam surveys cite favorable exam experiences, FDIC ombudsman report shows

July 1, 2022 0

Of the 47% of bankers responding to the federal bank deposit insurance agency’s post-exam survey, 90% reported “largely favorable” exam experiences, according to a report on 2021 services and activities. The report by the Federal Deposit Insurance Corp. (FDIC) Office [...]
In CRA ratings, four banks earn ‘outstanding,’ one gets ‘needs improvement’ mark

July 1, 2022 0

Four banks earned “outstanding” ratings for compliance with anti-redlining regulations in April, but one bank earned a “needs improvement” score, the federal bank deposit insurance agency said Friday. The Federal Deposit Insurance Corp. (FDIC) also said 38 other banks earned [...]
Banking agencies release ’22 list of underserved, middle-income areas eligible for CRA consideration

July 1, 2022 0

This year’s list of distressed or underserved, middle-income geographic areas that are eligible to receive Community Reinvestment Act (CRA) consideration was released Friday by the federal banking agencies. More specifically, the list represents distressed or underserved nonmetropolitan middle-income geographic areas [...]
Deadline extended for feedback on U.S. GSIB banks’ ‘living wills’ to give agencies more time to dissect

July 1, 2022 0

More time has been given to provide feedback for the U.S. global systemically important banks’ 2021 resolution plans to allow two federal banking agencies additional time to analyze the plans, according to a notice issued Friday. The Federal Reserve and [...]

CFPB director, in blog post, discusses reg simplification and current priorities

Request for Information Regarding Employer-Driven Debt

Big banks, credit unions, to be under microscope for how they provide access to customer service

CFPB circulars on deceptive use of FDIC name/logo, adverse credit action notice rules published

Credit report bullying, phony medical bill collectors continue to plague military, veterans, families, report asserts

Consumer bureau sets sights on employer-driven debt products, practices

Student loan debt relief operator would be banned, fined, for allegedly absconding with $240,000 from borrower accounts

Bureau terminates lending firm’s ‘no action letter’ over fair lending laws at company’s request

CFPB ‘spotlight’ shows about one-third of Americans saw drop in financial well-being from 2017 to 2020

Bureau asks six large credit card providers why they hold back ‘actual payment’ info from consumers

Treasury leader notes ‘urgent need’ for cryptocurrency regulation through ‘serious legislative efforts’

Most bankers in post-exam surveys cite favorable exam experiences, FDIC ombudsman report shows

In CRA ratings, four banks earn ‘outstanding,’ one gets ‘needs improvement’ mark

Banking agencies release ’22 list of underserved, middle-income areas eligible for CRA consideration

Deadline extended for feedback on U.S. GSIB banks’ ‘living wills’ to give agencies more time to dissect