CFPB – Page 38 – Regulatory Report

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[ October 1, 2026 ] Agency finally closes down troubled credit union after embezzlement charges; Alabama CU assumes members, savings, some assets NCUA
[ October 1, 2026 ] FDIC ends independent monitor brought on to ensure ‘workplace culture’ reforms after sexual harassment claims FDIC
[ October 1, 2026 ] ‘Living wills’ feedback letters published for 15 banking orgs; OCC votes against releasing one plan FDIC
[ October 1, 2026 ] Failed California bank will cost bank insurance fund $114 million FDIC
[ September 25, 2026 ] Former teller leader prohibited for allegedly misappropriating nearly a quarter million dollars from cash dispenser machines The Fed

CFPB notes top issues cited in 2021 consumer debt collection complaints

April 18, 2022 0

Top issues raised by consumers in the some 121,700 debt collection complaints received last year by the federal consumer financial protection bureau included the debt not being theirs, problems with written notifications, and being threatened […]

TransUnion, top executive sued for continued violations of 2017 order to stop deceptive marketing

April 12, 2022 0

Continuing violations of a 2017 enforcement order to stop deceptive marketing have led to a lawsuit against one of the three largest credit reporting firms and one of its longtime executives by the federal consumer […]

Comments due May 9 on proposal protecting human trafficking survivors from negative credit reports

April 11, 2022 0

A proposed rule prohibiting consumer reporting agencies (CRAs) from including negative information resulting from abuse of human trafficking survivors in those individuals’ credit reports is subject to a public comment period that concludes May 9. […]

Prohibition on Inclusion of Adverse Information in Consumer Reporting in Cases of Human Trafficking (Regulation V)

April 11, 2022 0

Title: Prohibition on Inclusion of Adverse Information in Consumer Reporting in Cases of Human Trafficking (Regulation V) Subject: Credit reporting Agency: CFPB Status: Final rule Summary: The Consumer Financial Protection Bureau (Bureau) is amending Regulation […]

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 […]

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Agency finally closes down troubled credit union after embezzlement charges; Alabama CU assumes members, savings, some assets

October 1, 2026 0

A troubled Mississippi credit union was closed and its members and savings (shares) were assumed by an Alabama Credit Union, the federal regulator announced late Wednesday. Jackson Area Federal Credit Union (FCU), of Jackson Miss., was closed and its members [...]
FDIC ends independent monitor brought on to ensure ‘workplace culture’ reforms after sexual harassment claims

October 1, 2026 0

Workplace culture reforms spawned by allegations of sexual harassment at the federal bank deposit insurance agency will no longer be overseen by an independent monitor, the agency said late Wednesday, asserting that the monitor’s work had concluded. The Federal Deposit [...]
‘Living wills’ feedback letters published for 15 banking orgs; OCC votes against releasing one plan

October 1, 2026 0

Feedback letters from 15 banking organizations with more than $250 billion in assets on their resolution plans were published Sept. 29 by the Federal Reserve and the Federal Deposit Insurance Corp. (FDIC), the agencies said. However, the Office of the [...]
Failed California bank will cost bank insurance fund $114 million

October 1, 2026 0

A failed California bank that was closed Sept. 25 is estimated to cost the federal bank deposit insurance fund about $114 million, the insurance fund said agency. The bank reopened Sept. 28 as a branch of a Utah bank as [...]
Former teller leader prohibited for allegedly misappropriating nearly a quarter million dollars from cash dispenser machines

September 25, 2026 0

Misappropriation of about $246,000 from teller cash dispenser machines has led to the prohibition of a former teller supervisor of a bank in the Maryland suburbs of Washington, D.C., the Federal Reserve said Thursday. According to the agency, Renee Nicole [...]