CFPB – Page 37 – 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

Chopra underscores bureau’s focus on work of the Appraisal Subcommittee, foundation as AVMs undergo scrutiny

March 23, 2022 0

The federal agency charged with financial consumer protection is training its focus on the work of the federal panel that oversees real estate appraisal practices and the body that sets professional appraiser standards, the agency’s […]

Impact of emergency savings for consumers, mortgage borrower forbearance, topics for two reports

March 23, 2022 0

How consumers’ financial profiles vary by levels of emergency savings and understanding the mortgage characteristics and demographics of borrowers who remained in forbearance in January 2022 are the topics of two, separate reports issued Wednesday […]

Consumer bureau’s advisory committees set to meet over 3 days in April

March 22, 2022 0

The four panels that advise the Consumer Financial Protection Bureau (CFPB) on its research activities, trends in consumer finance and how the bureau carries out its functions under federal statutes affecting banks and credit unions […]

‘Fake reviews,’ ‘gag’ clauses fraud targeted by bureau to bar illegal evaluation practices

March 22, 2022 0

“Fake reviews,” “gag” clauses and other allegedly illicit practices related to consumer online evaluations of financial products are the subject of guidance issued Tuesday by the federal consumer financial protection agency. The guidance, according to […]

Bureau raises stakes under ban on discriminatory practices, targeting actions in ads, pricing, more

March 16, 2022 0

Discriminatory conduct that violates the federal prohibition against unfair practices – as well as decision-making in advertising, pricing, and other areas to which federal consumer protection laws may not directly apply – will be closely […]

Bureau unveils initiative to address issues of rural America, with focus on banking deserts, discriminatory lending, manufactured housing

March 10, 2022 0

Issues facing rural America are the focus of an initiative launched Thursday by the federal consumer financial protection agency, with particular initial emphasis on rural banking deserts, discriminatory and predatory agricultural credit, and manufactured housing, […]

Regulators vow to reduce risks, promote ‘fair, efficient’ financial system in response to digital assets order

March 9, 2022 0

Reducing risks posed by digital assets while promoting “a fairer, more inclusive, and more efficient financial system” were vowed by leaders of two key financial regulatory agencies in response to the “digital assets” executive order […]

Bulletin 2022-04: Mitigating Harm From Repossession of Automobiles

March 4, 2022 0

Title: Bulletin 2022-04: Mitigating Harm From Repossession of Automobiles Subject: Auto repos Agency: CFPB Status: Compliance Bulletin 2022-04 Summary: The Consumer Financial Protection Bureau (Bureau or CFPB) is issuing this Compliance Bulletin regarding repossession of […]

CFPB’s Chopra outlines steps for combatting ‘coercive’ medical debt credit reporting

March 1, 2022 0

Three broad steps meant to combat “coercive” credit reporting to obtain payments on medical debt will be taken by the federal consumer financial protection agency, its director said Tuesday. Consumer Financial Protection Bureau (CFPB) Director […]

Bureau issues second warning in week that it is closely watching auto lending, repossessions

February 28, 2022 0

Improper, illicit auto repossessions are the target of a compliance bulletin issued Monday by the federal consumer financial protection agency, which outlines conduct the agency has observed in exams; the agency also said it is […]

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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), [...]