CFPB – Page 43 – 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

Greater competition, stopping repeat offenders, ‘relationship banking’ make up triad of goals for new bureau director

October 27, 2021 0

Stimulating greater competition in consumer financial markets, sharpening focus on repeat offenders, and restoring “relationship banking” are the “path forward” for the federal consumer financial protection agency, its director told a House committee Wednesday. Appearing […]

CFPB adjusts TILA dollar amounts for 2022: open-end credit, cards, mortgages

October 26, 2021 0

Many of the dollar amounts that serve as thresholds for Truth-in-Lending Act (TILA) requirements, implemented by Regulation Z, on open-end credit and mortgages are set to rise as of Jan. 1, 2022, according to a […]

Consumer bureau notes updates to HMDA filing instructions for 2022 data

October 25, 2021 0

Updates to the filing instructions for Home Mortgage Disclosure Act (HMDA) data collected in 2022 – to be reported in 2023 – were released last week by the Consumer Financial Protection Bureau (CFPB). The Filing […]

CFPB reminds: Use 2020 Census info for tract information in HMDA reporting after Jan. 1

October 25, 2021 0

Financial institutions should use census tract information provided in the 2020 Census for mortgage-related data collected beginning next year, the federal consumer financial protection agency said Monday. In a “HMDA Reminder,” the Consumer Financial Protection […]

Bank faces penalty, order to increase credit access in alleged redlining activity in Memphis area

October 22, 2021 0

Alleging redlining, three federal agencies took action against a Jackson, Miss., bank – with operations in Memphis, Tenn. – and announced Friday a settlement requiring the financial institution to pay a $5 million penalty and […]

CFPB seeks data from large payments system operators including Facebook, Amazon

October 21, 2021 0

Orders seeking business practice data from large technology companies that operate payments systems in the U.S. – among them Facebook, Amazon, Apple – were issued Thursday by the Consumer Financial Protection Bureau (CFPB), the bureau […]

Regulators – including CFPB – unite for statement on supervisory considerations of LIBOR transition

October 21, 2021 0

A joint regulators’ statement that suggested actions banks and nonbanks alike should consider taking to ensure safe-and-sound practices during the transition away from the LIBOR reference rate was joined Thursday by the federal consumer financial […]

CFPB orders $6 million in redress, penalties for prison financial services firm JPay

October 19, 2021 0

A dominant provider of financial services to prisons and jails nationwide has been ordered to pay $4 million in consumer redress and a $2 million civil money penalty over allegations it charged people who were departing […]

CFPB advisory, research panels set to meet first week of November

October 18, 2021 0

The four panels that advise the Consumer Financial Protection Bureau (CFPB) on consumer, financial industry, and research matters are set to meet over a three-day period beginning Nov. 3, according to notices scheduled to publish […]

In first action since taking CFPB seat, Chopra/agency join in appealing consumer FCRA decision

October 15, 2021 0

Arguing that a consumer reporting agency is subject to requirements of the Fair Credit Reporting Act (FCRA), the federal consumer financial protection agency has joined the state of North Carolina and the Federal Trade Commission […]

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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), [...]