CFPB – Page 38 – Regulatory Report

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 director notes concern over service providers’ hold on small institutions; have ‘too much power’

April 8, 2022 0

Core services providers that small players in financial services – such as community banks and credit unions – rely upon have too much power in the system, the director of the consumer financial protection agency […]

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 […]

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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 [...]