CFPB – Page 3 – Regulatory Report

What's up

[ November 23, 2022 ] Citigroup cited as lone large, complex bank with ‘shortcoming’ in its 2021 living will FDIC
[ November 23, 2022 ] Regulators indicate more stringent review in future of large bank resolution plans FDIC
[ November 22, 2022 ] Ceiling rises $1 (to $14.50) on maximum allowable consumer credit report fees for 2023 CFPB
[ November 18, 2022 ] Steep challenges ahead in assessing impact of climate change on financial stability, OFR leader advises Other
[ November 17, 2022 ] Rising interest rates taking toll on credit unions, report finds, with more posting lower exam ratings NCUA

Report raises questions over whether colleges, banks steer students to high-priced financial products

October 13, 2022 0

Whether some financial institutions and colleges may be steering students to more expensive financial products is among the questions raised about some marketing deals between colleges and financial institutions in a report to Congress made […]

Remittance firm ordered to pay nearly $1 million fine for failing to provide accurate fee, exchange rate info

October 4, 2022 0

A penalty of nearly $1 million has been assessed against a New Jersey money transferring firm by the federal consumer financial protection agency for the firm’s failure to provide accurate fee, exchange rate and other […]

Consumer bureau unveils HMDA quarterly graphs tool

August 30, 2022 0

A new graphs tool that utilizes quarterly Home Mortgage Disclosure Act (HMDA) data reported by certain financial institutions was unveiled Tuesday by the federal agency charged with consumer financial protection. Under 2015 revisions to the […]

Bureau proposes more participants, data in yearly survey of credit card issuers

August 24, 2022 0

An expansion of the types of companies represented and in the data collected in its yearly survey of credit-card issuers has been issued by the federal consumer financial protection agency with a public comment deadline […]

Bureau rule applying consumer protection requirements to certain digital marketers kicks in Wednesday

August 16, 2022 0

An interpretive rule that applies the definition of “service provider” to digital marketers engaged in behavioral marketing is set to take effect Wednesday, when it is scheduled for publication in the Federal Register. The Consumer […]

Limited Applicability of Consumer Financial Protection Act’s “Time or Space” Exception with Respect to Digital Marketing Providers

August 16, 2022 0

Title: Limited Applicability of Consumer Financial Protection Act’s “Time or Space” Exception with Respect to Digital Marketing Providers Subject: Digital marketing Agency: CFPB Status: Interpretive rule Summary: Section 1002 of the Consumer Financial Protection Act […]

Financial firms liable for consumer financial protection violations with lax data protection, agency warns

August 11, 2022 0

Financial companies may violate federal consumer financial protection law when they fail to safeguard consumer data, and they may be held liable for putting those data at risk, according to a circular published by the […]

Behavioral marketing exposes tech firms to consumer financial protection law violations, rule asserts

August 10, 2022 0

Tech firms that use behavioral targeting in their marketing of individual consumers regarding financial products are liable for violations if they do not comply with federal consumer finance protections, the federal consumer financial protection agency […]

Chopra: Bureau considering new rules on consumer use of own financial data; examining tech firms’ consumer reporting

August 10, 2022 0

Consumers’ use of their own financial data and how technology companies’ activities may require consumer reporting are two rules under consideration by the federal consumer financial protection agency, its director indicated Wednesday. Speaking to a […]

Fintech firm’s faulty algorithm caused overdrafts, penalties, bureau asserts; $2.7 million fine imposed

August 10, 2022 0

Claims that a faulty algorithm has caused overdrafts and overdraft penalties for customers has led to an action – including a $2.7 million fine – by the federal consumer financial protection agency against a San […]

« 1 2 3 4 5 … 110 »

Citigroup cited as lone large, complex bank with ‘shortcoming’ in its 2021 living will

November 23, 2022 0

A “shortcoming” was identified in the resolution plan (or “living will”) for Citigroup, Inc. – related to data the firm manages — based on results of a review of the 2021 wills, according to statements released Wednesday by two federal [...]
Regulators indicate more stringent review in future of large bank resolution plans

November 23, 2022 0

Two regulators gave clues of how they will consider future resolution plans (or “living wills”) submitted for review by large, complex banking organizations – including taking a more “granular” view and focusing on “resolvability” — in the wake of the [...]