CFPB – Page 33 – Regulatory Report

What's up

[ July 11, 2025 ] Agencies propose revisions for reporting loan modifications in call reports FDIC
[ July 10, 2025 ] Gould confirmed to five-year term as comptroller; first confirmed to post since 2017 OCC
[ July 11, 2025 ] FDIC activates disaster response for Texas areas hit by floods, more FDIC
[ July 11, 2025 ] Census data, useful for HMDA and CRA compliance, released; 2024 mortgage lending data also available Other
[ July 10, 2025 ] Fed proposes some easing on what qualifies a bank as ‘well-managed’ The Fed

Student loan debt relief operator would be banned, fined, for allegedly absconding with $240,000 from borrower accounts

June 9, 2022 0

An operator of a California-based student loan debt relief firm would be banned from the industry after allegedly withdrawing more than $240,000 from student loan borrowers’ accounts without their authorization, the federal consumer financial protection […]

Bureau terminates lending firm’s ‘no action letter’ over fair lending laws at company’s request

June 8, 2022 0

A “no action letter” (NAL) has been terminated at the request of the company that initially received it so the firm could change its underwriting and pricing models but not be subject to additional review, […]

CFPB ‘spotlight’ shows about one-third of Americans saw drop in financial well-being from 2017 to 2020

June 7, 2022 0

Americans, on average, saw an increase in their financial well-being between 2017 and 2020 – likely aided by the government’s COVID-19 response offering varying types of financial and economic assistance – but most of those […]

Bureau asks six large credit card providers why they hold back ‘actual payment’ info from consumers

May 27, 2022 0

The leaders of six large credit card issuers have been asked to explain some of their companies’ practices of allegedly holding back information about payments made by consumers in letters from the consumer financial protection […]

Bureau clarifies that complex algorithms in credit models still subject to ECOA disclosures

May 26, 2022 0

Companies using complex algorithms for credit models – sometimes called “black box” – must provide specific and accurate explanations for denying applications for credit, the federal consumer financial protection agency said Thursday. In a release, […]

Bureau ditches innovation office for new ‘competition, innovation’ group that it says will focus on open markets

May 24, 2022 0

Spurring innovation in financial services by promoting competition and identifying stumbling blocks for new market entrants is the aim of a new office created within the federal consumer financial protection agency (and replacing another), the […]

Consumer bureau’s consumer advisory panel set to meet June 8

May 23, 2022 0

The federal consumer financial protection agency’s Consumer Advisory Board (CAB) is set to meet publicly June 8, according to a notice scheduled for publication Tuesday in the Federal Register. The CAB, which last met on […]

Proposed judgment would force debt collection operation in NY to shut down, pay $4 million in civil money penalties

May 23, 2022 0

A debt collection enterprise based in upstate New York and charged two years ago for lying to and harassing consumers would be required to exit the debt collection market, pay $4 million in civil money […]

CFPB interpretive ruling underscores broad authorities for states to enforce federal consumer financial protections

May 19, 2022 0

States’ broad authorities to enforce federal consumer financial protections are affirmed in an interpretive rule issued Thursday by the federal Consumer Financial Protection Bureau (CFPB) and set to take effect upon publication in the Federal […]

Equal Credit Opportunity (Regulation B); Revocations or Unfavorable Changes to the Terms of Existing Credit Arrangements

May 18, 2022 0

Title: Equal Credit Opportunity (Regulation B); Revocations or Unfavorable Changes to the Terms of Existing Credit Arrangements Subject: ECOA; unfavorable changes to credit terms Agency: CFPB Status: Advisory opinion Summary: The Consumer Financial Protection Bureau […]

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Agencies propose revisions for reporting loan modifications in call reports

July 11, 2025 0

New instructional revisions in detailing loan modifications in call reports are being sought by federal banking agencies, the agencies said late Friday in releasing other final regulatory reporting changes for bank call reports. The three agencies (the Federal Deposit Insurance [...]
Gould confirmed to five-year term as comptroller; first confirmed to post since 2017

July 10, 2025 0

Jonathan Gould was confirmed to the top post at the Office of the Comptroller of the Currency (OCC) in a straight party-line vote Thursday in the Senate. Nominated by President Donald Trump (R) in February to a five-year term, Gould [...]
FDIC activates disaster response for Texas areas hit by floods, more

July 11, 2025 0

Regulatory relief and favorable Community Reinvestment Act (CRA) consideration are among the steps the federal bank deposit insurer is activating to help those affected by severe storms, straight-line winds and floods affecting areas in Texas since July 2. In a [...]
Census data, useful for HMDA and CRA compliance, released; 2024 mortgage lending data also available

July 11, 2025 0

Census data used to create the aggregate and disclosure reports for mortgages and compliance with anti-redlining statutes have been updated for 2025, the agency updating the data said Friday. The Federal Financial Institutions Examination Council (FFIEC) said the data, used [...]
Fed proposes some easing on what qualifies a bank as ‘well-managed’

July 10, 2025 0

A proposed rule that would ease the rating system used to determine what is a “well-managed” large financial institution (LFI), or a “well-managed” depository institution holding company significantly involved in insurance activities, was announced Thursday with a 30-day public comment [...]
Credit union regulator, again, opts to voluntarily review its regs over two-year period

July 10, 2025 0

Review of its rules to identify those that are perhaps “outdated, unnecessary, and unduly burdensome” will be conducted by the federal credit union regulator, even though it has no statutory requirement to do so, the agency said Thursday. The National [...]