CFPB

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

CFPB opinion: Credit reporting agencies have responsibility to assure consumer report accuracy under FCRA

October 26, 2022 0

A recent federal consumer financial protection agency advisory opinion that highlights credit reporting agencies’ duty under the Fair Credit Reporting Act (FCRA) to assure maximum possible accuracy in consumer credit reports – free of “junk” […]

Fair Credit Reporting; Facially False Data

October 26, 2022 0

Title: Fair Credit Reporting; Facially False Data Subject: FCRA Agency: CFPB Status: Advisory opinion Summary: The Consumer Financial Protection Bureau (Bureau) is issuing this advisory opinion to highlight that a consumer reporting agency that does […]

Bureau continues emphasis on ‘surprise’ fees, issuing guidance on depositor charges

October 26, 2022 0

Banks charging so-called “surprise” overdraft and depositor fees can avoid violations of rules by following guidance issued by the federal consumer financial protection agency, it said Wednesday. The Consumer Financial Protection Bureau (CFPB) said it […]

‘Unanticipated’ overdraft fee can count as an unfair act or practice, circular declares

October 26, 2022 0

An assessment of an unanticipated overdraft fee can constitute an unfair act or practice even if the bank or other entity charging the fee complies with key financial regulations, according to a circular published Wednesday […]

New rule on sharing of customer financial data outlined; CFPB to begin rulemaking process this week

October 25, 2022 0

The process for creating a new rule obligating financial institutions to share a consumer’s data upon a consumer’s request will begin this week, which the director of the federal consumer financial protection agency indicated in […]

CFPB consumer, community bank, credit union advisory panels set to meet in two weeks

October 19, 2022 0

The three advisory committees that give consumer, community bank, and credit union perspectives to the Consumer Financial Protection Bureau (CFPB) on its actions under federal consumer financial laws are set to hold online public meetings […]

Event registration firm ACTIVE Network used ‘dark patterns’ to dupe consumers into purchasing club subscriptions in violation of CFPA, CFPB alleges

October 18, 2022 0

An online event registration company – ACTIVE Network, of Plano, Texas – is being sued by the federal consumer financial protection agency over its allegedly unlawful enrolling of consumers into its discount club as those […]

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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 [...]

CFPB opinion: Credit reporting agencies have responsibility to assure consumer report accuracy under FCRA

Fair Credit Reporting; Facially False Data

Bureau continues emphasis on ‘surprise’ fees, issuing guidance on depositor charges

‘Unanticipated’ overdraft fee can count as an unfair act or practice, circular declares

New rule on sharing of customer financial data outlined; CFPB to begin rulemaking process this week

CFPB consumer, community bank, credit union advisory panels set to meet in two weeks

Event registration firm ACTIVE Network used ‘dark patterns’ to dupe consumers into purchasing club subscriptions in violation of CFPA, CFPB alleges

Higher-priced mortgage loans at $31,000 or less exempt from some appraisal requirements in 2023

Regs Z, M exemption thresholds for consumer credit and lease transactions rise $5,400 in 2023

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

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

Fed drops 2018 Wells Fargo enforcement order, asserting that bank ‘met all required conditions’

5 banks rated ‘outstanding,’ 2 ‘needs to improve’ for CRA compliance, FDIC reports

Economic activity up slightly, but more areas report declines; consumer spending ‘dampened by uncertainty’