CFPB – Page 36 – Regulatory Report

What's up

[ July 1, 2025 ] NCUA shutters small IL credit union after 12-day conservatorship; third to close in two weeks NCUA
[ July 1, 2025 ] Seven banks – including Bank of China branches – earn top ratings for CRA compliance OCC
[ June 30, 2025 ] Fed: 2025 stress test shows banks ‘well positioned’ to withstand severe recession The Fed
[ June 30, 2025 ] Risk on rise for banks in three key areas, OCC reports, as economic uncertainty increases OCC
[ June 30, 2025 ] Citing imminent insolvency, credit union regulator closes doors of OH cooperative; members, accounts transferred to another NCUA

Human trafficking survivors would not be subject to negative credit reports under proposal

April 7, 2022 0

Survivors of human trafficking would no longer be subject to negative credit reporting under a proposal unveiled Thursday by the federal consumer financial protection agency. Under the proposed rule, consumer reporting agencies (CRAs) would be […]

CFPB’s Chopra urges group to consider medical debt on credit reports – and credit reporting firms as ‘cartel’

April 6, 2022 0

It is critical that the credit reporting system is not used as a weapon to coerce Americans into paying medical and other bills they may not even owe, the leader of the federal consumer financial […]

No-cost payment plans on payday loans ‘not working as intended,’ CFPB charges in report

April 6, 2022 0

Few payday loan borrowers are benefiting from no-cost extended payment plans, but instead are paying for costly loan rollovers, according to a report published Wednesday by the federal consumer financial protection agency. The Consumer Financial […]

Consumer bureau reports increase in OMWI representation, resource allocation

April 1, 2022 0

The federal agency charged with financial consumer protection increased its representation of minorities by four percentage points over the past five years and in 2021 boosted its share of spending with minority- and women-owned (OMWI) […]

Firm slapped with $1 million fine for lying to student loan borrowers about forgiveness programs

March 30, 2022 0

A $1 million civil money penalty (CMP) has been assessed against a student loan servicer for allegedly deceiving borrowers about public student loan forgiveness, the federal consumer financial protection agency said Wednesday. The penalty against […]

Credit card issuers pocketed $12 billion in late payment fees in 2020, bureau finds – higher fees expected

March 29, 2022 0

Late credit card payment fee penalties totaling $12 billion – that is, those fees charged in addition to interest when a cardholder does not make the minimum payment by the due date – were charged […]

Bulletin 2022-05: Unfair and Deceptive Acts or Practices That Impede Consumer Reviews

March 28, 2022 0

Title: Bulletin 2022-05: Unfair and Deceptive Acts or Practices That Impede Consumer Reviews Subject: Consumer reviews Agency: CFPB Status: Compliance bulletin Summary: Reviews of products and services help to promote fair, transparent, and competitive markets. […]

Bureau extends junk-fee RFI comment deadline to April 11

March 25, 2022 0

Having received more than 25,00 comments since it issued its request for information (RFI) on exploitative “junk” fees in January, the Consumer Financial Protection Bureau (CFPB) on Friday said it has extended its comment deadline […]

Request for Information Regarding Fees Imposed by Providers of Consumer Financial Products or Services

March 25, 2022 0

Title: Request for Information Regarding Fees Imposed by Providers of Consumer Financial Products or Services Subject: Junk fees Agency: CFPB Status: Request for information Summary: The Consumer Financial Protection Bureau (Bureau or CFPB) is seeking […]

2021 mortgage loan info, filed under HMDA, now available; new formats coming

March 24, 2022 0

Mortgage loan information, modified to protect consumer privacy, is now available online for more than 4,300 financial institutions that file under Home Mortgage Disclosure Act (HMDA) requirements, the federal consumer financial protection agency said Thursday. […]

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NCUA shutters small IL credit union after 12-day conservatorship; third to close in two weeks

July 1, 2025 0

A tiny credit union that was placed into conservatorship June 18 was closed by its federal regulator July 1, the agency said in a release that alleged violations of federal law and rules. It is the third credit union the [...]
Seven banks – including Bank of China branches – earn top ratings for CRA compliance

July 1, 2025 0

Seven banks – including two branches of the Bank of China – received the highest ratings for compliance with rules implementing anti-redlining laws, according to scores released Tuesday by the national bank regulator. The ratings for compliance with Community Reinvestment [...]
Fed: 2025 stress test shows banks ‘well positioned’ to withstand severe recession

June 30, 2025 0

The 22 large banks subjected to the Federal Reserve Board’s 2025 stress test reportedly are “well positioned” to withstand a hypothetical, severe recession while remaining above their minimum capital requirements and continuing to lend to households and businesses, the Fed [...]
Risk on rise for banks in three key areas, OCC reports, as economic uncertainty increases

June 30, 2025 0

Economic uncertainty has increased as consumer sentiment, geopolitical risk, sustained higher interest rates, and downward movement in some macroeconomic indicators have all had their impact on threats to the banking system, the national bank regulator said Monday. In its Semiannual [...]
Citing imminent insolvency, credit union regulator closes doors of OH cooperative; members, accounts transferred to another

June 30, 2025 0

A Middletown, Ohio, credit union has been closed and its members and their accounts moved to a Cincinnati, Ohio, credit union, the federal regulator said Monday. Butler Heritage Federal Credit Union (FCU) of Middletown was liquidated by the National Credit [...]
2 former credit union employees barred from future work in insured FIs

June 30, 2025 0

A former employee of a Kansas credit union and one from a credit union in Pennsylvania are barred from participating in the affairs of any federally insured depository institution, the federal credit union regulator said Monday. The National Credit Union [...]
Texas bank became second to fail so far this year

June 30, 2025 0

A Santa Anna, Texas, bank was closed late Friday by the national bank regulator, becoming the second bank to fail so far this year. Santa Anna National Bank was closed by the Office of the Comptroller of the Currency (OCC), [...]