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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

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 […]

Charging ‘upselling’ as deceptive practice, bureau slaps firm with $20 million in fines, redress

May 31, 2023 0

Payments of $20 million in penalties and in redress to consumers for deceptive sales practices was ordered against an Indiana firm described as a nonbank personal loan installment lender, the federal consumer financial protection agency […]

Banks saw 4Q ’22 revenue from overdraft/NSF fees down by nearly half compared to right before pandemic’s start

May 24, 2023 0

Revenue from overdraft and non-sufficient funds (NSF) fees for banks and other financial institutions was down by nearly half in the last quarter of last year compared to pre-pandemic levels, the federal consumer financial protection […]

With small business lending rule in place, bureau publishes small entity compliance guide outlining requirements

May 15, 2023 0

The new small business lending rule from the federal consumer financial protection agency has prompted the issuance of a small entity compliance guide by the agency, it announced Monday. The compliance guide was issued Friday […]

July 26 comment date set on bureau’s PACE loan ability-to-repay proposal

May 11, 2023 0

A proposal to prescribe ability-to-repay rules for Property Assessed Clean Energy (PACE) financing, with Truth-in-Lending Act (TILA) civil liability provisions applicable for violations, is out for comment until July 26, according to a consumer bureau […]

Interim rule revising Reg Z for LIBOR transition out for comment until June 12

May 11, 2023 0

An interim final rule that, effective May 15, revises Regulation Z, which implements the Truth in Lending Act (TILA), in conformance with the transition away from the London Interbank Offered Rate (LIBOR) as an index […]

Residential Property Assessed Clean Energy Financing (Regulation Z)

May 11, 2023 0

Title: Residential Property Assessed Clean Energy Financing (Regulation Z) Subject: PACE financing; Reg Z Agency: CFPB Status: Proposed rule Summary: Section 307 of the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA) directs […]

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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 [...]

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

Charging ‘upselling’ as deceptive practice, bureau slaps firm with $20 million in fines, redress

Banks saw 4Q ’22 revenue from overdraft/NSF fees down by nearly half compared to right before pandemic’s start

With small business lending rule in place, bureau publishes small entity compliance guide outlining requirements

July 26 comment date set on bureau’s PACE loan ability-to-repay proposal

Interim rule revising Reg Z for LIBOR transition out for comment until June 12

Residential Property Assessed Clean Energy Financing (Regulation Z)

Facilitating the LIBOR Transition Consistent With the LIBOR Act (Regulation Z)

Bureau issues warning that reopening deposit account after consumer closes it violates federal law

North of $22 million to be shared with consumers harmed by debt relief firm, agency asserts

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