CFPB – Page 20 – Regulatory Report

What's up

[ March 6, 2026 ] Credit union assets close 2025 at $2.43 trillion, loans at $1.72 trillion; net interest margin up NCUA
[ March 5, 2026 ] Tokenized security should receive same capital treatment as non-tokenized form, agencies clarify FDIC
[ March 5, 2026 ] Fed drops 2018 Wells Fargo enforcement order, asserting that bank ‘met all required conditions’ The Fed
[ March 5, 2026 ] 5 banks rated ‘outstanding,’ 2 ‘needs to improve’ for CRA compliance, FDIC reports FDIC
[ March 4, 2026 ] Economic activity up slightly, but more areas report declines; consumer spending ‘dampened by uncertainty’ The Fed

Illegal incentives in exchange for mortgage loan referrals earns cease and desist, $1.75 million penalty

August 17, 2023 0

Providing illegal incentives to real estate brokers and agents in exchange for mortgage loan referrals has earned a Florida non-bank company a $1.75 million penalty and a cease and desist order, the federal consumer financial […]

Bureau updates filing instructions for small-business lending data

August 17, 2023 0

A update to the filing instructions for small-business lending data was released Thursday by the federal consumer financial protection agency. According to the Consumer Financial Protection Bureau (CFPB), the update includes: Reordering of certain demographic […]

Bureau to unveil rules expanding scope of FCRA to cover tracking, selling personal data

August 15, 2023 0

Tracking and selling people’s personal data would be regulated under a proposal that would expand the scope to more companies of current credit reporting rules and to be unveiled next month, the federal consumer financial […]

GAO reminds banking agencies they are tardy in addressing ‘priority recommendations’ on alternative data, blockchain risks, more

August 8, 2023 0

“Priority recommendations” made by the congressional watchdog – and not yet addressed – for the three federal banking regulators are outlined in reports issued by the agency Tuesday. According to the reports issued by the […]

Alleged illegal disabling of vehicles, improper repossessions, makes GA firm target of bureau lawsuit

August 2, 2023 0

Alleged illegal disabling of vehicles, and improper double-billing practices, among other things, have earned a Georgia auto-loan servicer a lawsuit from the federal consumer financial protection agency, it said Wednesday. The lawsuit against USASF Servicing […]

Auto lenders singled out for abusive actions in bureau report; misleading marketing, inflated loan balances alleged

July 26, 2023 0

Auto lenders are singled out for unfair, deceptive, and abusive acts or practices (UDAAP) by the federal consumer financial protection agency in a report issued Wednesday. In releasing the latest version of its Supervisory Highlights, […]

CFPB’s Chopra signals agencies on lookout for AI use by corporate landlords to deny, gouge renters

July 25, 2023 0

Regulators cannot tolerate corporate actors using opaque artificial intelligence (AI) fed by inaccurate information to deny or gouge tenants on rental housing, the director of the federal consumer financial protection agency said Tuesday. In remarks […]

Report outlines alleged risks of ‘employer-driven debt’ for workers

July 20, 2023 0

Risks that “employer-driven debt” poses to workers – by allegedly tying workers to their employers that pay for retraining or other education as a condition of employment – is outlined in a report issued Thursday […]

Utah firm faces lawsuit for ‘bullying, luring,’ threatening consumers in lease to own deals

July 19, 2023 0

Utah firm faces lawsuit for ‘bullying, luring,’ threatening consumers in lease to own deals Using words such as “bullying,” “luring” and “threats” to describe actions taken against consumers, the federal consumer financial protection agency Wednesday […]

Bureau, European Commission open dialog on ‘critical consumer issues,’ including AI, BNPL

July 17, 2023 0

“Critical financial consumer protection issues” will be the focus of joint talks between the federal consumer financial protection agency and its European counterpart, the agencies said Monday. In their joint statement, the Consumer Financial Protection […]

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Tokenized security should receive same capital treatment as non-tokenized form, agencies clarify

March 5, 2026 0

An eligible tokenized security should generally receive the same capital treatment as the non-tokenized form of the security under the capital rule under answers to frequently asked questions (FAQs) issued by the federal banking regulators Thursday. The agency said the [...]
Fed drops 2018 Wells Fargo enforcement order, asserting that bank ‘met all required conditions’

March 5, 2026 0

Wells Fargo is relieved of the remainder of a 2018 enforcement order from the Federal Reserve that, among other things, limited the bank’s growth and mandated removal of some of its board members, the agency said Thursday. In a release, [...]
5 banks rated ‘outstanding,’ 2 ‘needs to improve’ for CRA compliance, FDIC reports

March 5, 2026 0

The 59 banks that received their evaluation ratings under the anti-redlining Community Reinvestment Act (CRA) in December included five that were rated “outstanding” and two “needs to improve,” according to information released Thursday by the Federal Deposit Insurance Corp. (FDIC). [...]
Economic activity up slightly, but more areas report declines; consumer spending ‘dampened by uncertainty’

March 4, 2026 0

While economic activity increased slightly in seven of 12 Federal Reserve Districts in the last month, it fell or was flat in the remaining five – up from four in the previous reporting period, the agency said Wednesday. In its [...]