CFPB – Page 29 – Regulatory Report

What's up

[ 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

$9 million in extra interest being paid by military reserve, guard on active duty, agency contends

December 7, 2022 0

An extra $9 million in interest is being paid by military reserve and National Guard members because they are not receiving rights under federal legislation reducing the rates they may be charged, the federal consumer […]

CFPB not prioritizing, just yet, enforcement of restored 25-loan HMDA reporting threshold for closed-end mortgages

December 6, 2022 0

The federal agency charged with consumer financial protection says it does not plan to carry out enforcement actions related to a now 25-loan threshold for reporting closed-end mortgage loans under the Home Mortgage Disclosure Act […]

Bureau wants ‘deposits’ of $19 million refunded; firm was ‘not a bank,’ made other spurious claims, agency finds

December 1, 2022 0

Refunds of approximately $19 million to about 400 depositors would be forced on an investor and the company he ran under a proposal made public Thursday by the federal consumer financial protection agency. According to […]

Ceiling rises $1 (to $14.50) on maximum allowable consumer credit report fees for 2023

November 22, 2022 0

The ceiling on allowable charges will rise to $14.50 next year under the Fair Credit Reporting Act (FCRA), the federal consumer financial protection agency said Tuesday. The new rate takes effect Jan. 1. Under the […]

$5.25 million fine assessed against CA mortgage servicer for alleged ‘cheating’ of homeowners

November 17, 2022 0

A $5.25 million fine for allegedly cheating homeowners of their rights for mortgage payment forbearance during the height of the coronavirus crisis was announced Thursday by the federal consumer financial protection agency. The Consumer Financial […]

Consumer reporting firms continue to violate FCRA, latest CFPB ‘highlights’ alleges

November 16, 2022 0

Consumer reporting companies and data furnishers continued to violate the Fair Credit Reporting Act (FCRA) by failing to promptly address and update incorrect information on credit reports, according to a report issued Wednesday by the […]

CFPB cites issues with tenant background reports; will seek to identify guidance or rules to ensure practices follow law

November 15, 2022 0

Erroneous information in tenant background checks is leading to higher costs and barriers to quality rental housing, the Consumer Financial Protection Bureau (CFPB) said in issuing a market report and a consumer “snapshot” focusing on […]

CFPB modifies nonbank supervision procedural rule

November 14, 2022 0

Changes to clarify what will be disclosed to the public when the Consumer Financial Protection Bureau (CFPB) designates a nonbank entity for supervision, and more time for such entity to weigh in on such disclosure, […]

New consumer bureau bulletin highlights crypto-asset complaints, fraud risks

November 10, 2022 0

A complaint bulletin that highlights consumer complaints and discusses fraud risks related to crypto-assets was issued Thursday by the Consumer Financial Protection Bureau (CFPB). “Our analysis of consumer complaints suggests that bad actors are leveraging […]

CFPB circular details potential FCRA liability for consumer reporting agencies, information furnishers that shirk dispute investigation requirements

November 10, 2022 0

Inadequate investigatory practices of consumer credit reporting companies and information furnishers in dealing with consumer reporting disputes could draw state or federal law enforcement action under the Fair Credit Reporting Act (FCRA), the Consumer Financial […]

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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 [...]