CFPB – Page 39 – Regulatory Report

What's up

[ 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
[ June 30, 2025 ] 2 former credit union employees barred from future work in insured FIs NCUA
[ June 30, 2025 ] Texas bank became second to fail so far this year OCC

Bureau updates lists, web tool, for determining ‘rural or underserved’ areas

January 28, 2022 0

Lists of areas determined to be “rural or underserved” and counties determined to be “rural” in 2021 for purposes of applying certain regulatory provisions in 2022 have been updated by the federal consumer financial protection […]

CFPB updates list of consumer reporting companies that may be held accountable

January 27, 2022 0

Wondering which consumer reporting companies can be held accountable by the public? Wonder no more: A list of “dozens of specialty reporting companies that collect and sell access to people’s data” was released Thursday by […]

Bureau unveils initiative to reduce ‘junk fees’ charged by banks, financials; aims to strengthen competition

January 26, 2022 0

Reduction of “junk fees” charged by banks and financial companies is the aim of an initiative announced Wednesday by the consumer financial protection agency. The aim, according to Consumer Financial Protection Bureau (CFPB) Director Rohit […]

Some planned digital services updates still in the works, bureau reports

January 24, 2022 0

Work to modernize the federal consumer financial protection agency’s digital services – including updates to its extranet and HMDA (Home Mortgage Disclosure Act) Help services previously slated for last year – is discussed in the […]

Bureau plans closer look at lending programs conducted by for-profit colleges, schools

January 20, 2022 0

In-house lending programs at for-profit colleges and post-secondary schools will be under the microscope of the federal consumer financial protection agency, according to an update to the agency’s exam procedures published Thursday. The Consumer Financial […]

Proposed judgment would bar firm charged with fraud from offering financial services, debt collection, telemarketing

January 18, 2022 0

A permanent ban from consumer financial products and industries and a civil money penalty (CMP) of $500,000 are being sought in a final judgment that alleges a Chicago-based firm knowingly processed payments for companies engaged […]

CFPB to keep close eye on algorithmic decision tools in lending to ensure religion, faith not part of outcome

January 14, 2022 0

Closely monitoring the use of algorithmic decision tools in lending by financial companies – particularly with regard to the religion or faith practiced by a borrower – is on the radar of the consumer financial […]

Bureau agrees to release all records from 2019-20 task force on federal consumer financial law in settlement

January 14, 2022 0

A 2019 taskforce established by the federal consumer financial protection agency, ostensibly focusing on federal consumer financial law, did not comply with federal “sunshine” law requirements and the report of the group, issued about a […]

Reserve Bank net income jumped nearly 22% in 2021; CFPB transfers up 21.5%

January 14, 2022 0

Federal Reserve Banks had net income of $107.8 billion in 2021, a $19.3 billion increase (21.8%) from the previous year; the Federal Reserve Board said the net income bump came mostly from a $25.1 billion […]

GAO makes 8 recommendations to FI regulators to better safeguard personally identifiable info

January 13, 2022 0

Four of the five federal financial institution regulators have been urged to take actions – ranging in number from one to five – to better protect the personally identifiable information (PII) they collect use, and […]

« 1 … 37 38 39 40 41 … 135 »

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), [...]