CFPB – Page 20 – Regulatory Report

What's up

[ September 9, 2025 ] OCC names two to new positions – one aimed at ‘elevating’ chartering function OCC
[ September 8, 2025 ] Bulletins aim to ‘end weaponization of financial system’ by curbing ‘politicized, unlawful debanking’ OCC
[ September 8, 2025 ] FinCEN revises SW border targeting order, raising threshold for CTR reports Other
[ September 5, 2025 ] Credit unions see loan growth outside of that for cars; ROAA — and delinquencies — on upswing NCUA
[ September 5, 2025 ] FinCEN guidance says cross-border sharing of certain facts underlying a SAR not barred by BSA Other

Rural south faces “distinct challenges” in offering fair access to banking, reports assert

June 21, 2023 0

The rural southern U.S. “faces distinct challenges when it comes to fair access to banking,” the director of the federal consumer financial protection agency said Wednesday, especially as the region includes many areas of “banking […]

Comments due Aug. 21 on agencies’ automated valuation models proposal

June 21, 2023 0

A rule proposed in early June that recognizes the increasing frequency of use of automated valuation models (AVMs) by mortgage lenders in determining the value of property is out for comment until Aug. 21, according […]

Quality Control Standards for Automated Valuation Models

June 21, 2023 0

Title: Quality Control Standards for Automated Valuation Models Subject: Residential mortgage valuation Agency: CFPB, Federal Reserve, FDIC, FHFA, NCUA, OCC Status: Proposed rule Summary: The Office of the Comptroller of the Currency (OCC), Federal […]

Digital payment apps present ‘rapidly growing threat’ to military families, CFPB charges in report

June 20, 2023 0

“A rapidly growing financial threat to military families” is how digital payment apps are being characterized by the federal consumer financial protection agency in a report released Tuesday. However, the same report also offers recommendations […]

Bureau wants to offer another month for comments on ‘data brokers’ and their practices

June 12, 2023 0

You will have another month to submit comments about “data brokers” and their practices under an expected extension of a comment period that is currently set to expire June 13, according to a document filed […]

Joint proposal would offer guidance on reconsiderations of value (ROVs) in real estate appraisals

June 8, 2023 0

Reconsiderations of value (ROVs) for residential real estate valuations that allow consumers to provide financial institutions with information that may not have been considered during an appraisal, or if deficiencies are identified in the original […]

Bureau orders medical debt collector Phoenix to pay $1.675 million penalty plus consumer redress

June 8, 2023 0

A medical debt collector that in “at least thousands of times” continued efforts to collect on debt that was not substantiated after a consumer disputed the debt’s validity must pay redress plus a $1.675 million […]

Chatbots under scrutiny in resolving customer service issues as complaints rise

June 6, 2023 0

Chatbots –computer generated, online consumer help programs that simulate human-like responses – can impede customers from resolving problems, especially if the systems are poorly deployed, the federal consumer financial protection agency charged Tuesday. In a […]

Increasing use of automated value models (AVMs) for real estate key in agencies’ proposed rule on their use

June 2, 2023 0

The increasing frequency of use of automated valuation models (AVMs) by mortgage lenders in determining the value of property was a key factor for issuing a proposal late Thursday by federal financial institution regulators on […]

Bureau warns digital payment apps not covered by deposit insurance; urges consumers to transfer to insured banks, credit unions

June 1, 2023 0

Billions stored on digital payment apps such as Venmo and PayPal (among others) used by consumers may lack federal savings insurance, the federal consumer financial protection agency warned Thursday; it urged those consumers to transfer […]

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OCC names two to new positions – one aimed at ‘elevating’ chartering function

September 9, 2025 0

A new principal deputy chief counsel and a new top executive for chartering – a move that “elevates” the chartering function – were announced Tuesday by the national bank regulator. The Office of the Comptroller of the Currency (OCC) said [...]
Bulletins aim to ‘end weaponization of financial system’ by curbing ‘politicized, unlawful debanking’

September 8, 2025 0

Eliminating “politicized or unlawful debanking” in the federal banking system is the subject of two bulletins issued Monday by the national bank regulator in an effort, the agency said, to “end the weaponization of the financial system.” That is, if [...]
FinCEN revises SW border targeting order, raising threshold for CTR reports

September 8, 2025 0

A reissued geographic targeting order (GTO), revised from March, increases the dollar threshold to $1,000 for cash transactions that certain money services businesses (MSB) must report on currency transaction reports (CTRs), Treasury’s financial crimes enforcement arm said Monday. The change [...]
FinCEN guidance says cross-border sharing of certain facts underlying a SAR not barred by BSA

September 5, 2025 0

Cross-border sharing among financial institutions of the underlying facts, transactions and documents upon which a suspicious activity report (SAR) is based is not the kind of sharing that is prohibited by the Bank Secrecy Act (BSA), Treasury’s financial crimes enforcement [...]
FDIC list shows 2 banks ‘outstanding,’ 1 ‘needs to improve’ under CRA

September 5, 2025 0

Ratings assigned to 59 banks in June for their performance under the federal anti-redlining Community Reinvestment Act included two “outstanding” ratings and one “needs to improve,” according to information released Friday by the Federal Deposit Insurance Corp. (FDIC). The remaining [...]