CFPB – Page 48 – Regulatory Report

What's up

[ August 25, 2026 ] Agencies rescind four-year policy on special purpose credit programs aimed to help disadvantaged consumers, businesses CFPB
[ August 25, 2026 ] FDIC reports higher ROA, net income for banks in second quarter FDIC
[ August 24, 2026 ] John Crews sworn in, designated NCUA Board chairman NCUA
[ August 24, 2026 ] Failed Philadelphia savings bank, closed late Friday, estimated to cost FDIC $5 million; sole branch reopens after P&A by other bank FDIC
[ August 20, 2026 ] Fed makes public two consents to prohibitions, both for misappropriation of customer funds The Fed

Bureau tells Virginia firm to stop misleading student borrowers about products

September 7, 2021 0

Allegedly misleading borrowers about income share agreements (ISAs) has led a Virginia-based student lender to face action from the federal consumer financial protection agency – but no financial penalties, the agency said Tuesday. According to […]

Proposal would collect business lending data from lenders

September 7, 2021 0

Helping regulators and the public better understand the business lending market is the aim of a new rule unveiled last week by the federal consumer financial protection agency, according to its acting director. The proposed […]

Court upholds payday loan rule, setting mandatory compliance date for mid-2022

September 7, 2021 0

Payment provisions in a 2017 rule on payday loans were upheld by a federal court in Texas Tuesday, essentially turning back a challenge to the four-year-old regulation. The ruling means compliance with the rule will […]

Credit access for credit cards fell during pandemic – but increased for mortgages, auto loans, report asserts

August 26, 2021 0

Credit access declined during the coronavirus crisis for credit cards but increased for mortgages and auto loans, the federal consumer financial protection agency said in its final report issued Thursday in a series documenting consumer […]

CFPB pushing all CARD Act submissions to ‘Collect’ website beginning with data due Jan. 31

August 20, 2021 0

Card issuers required to supply credit card agreement terms and other data to the Consumer Financial Protection Bureau (CFPB) must make all submissions via the agency’s Collect website beginning in January, according to a notice […]

CFPB says continued boom in mortgage refinancings last year drove rise in closed-end originations

August 19, 2021 0

Last year brought a continuation of the refinancing boom seen beginning in the second quarter of 2019, the Consumer Financial Protection Bureau (CFPB) said Thursday, and that boom drove some 90% of the increase in […]

CFPB teams up with HUD to lead one of six Census Bureau tech sprints on post-pandemic challenges

August 18, 2021 0

A tech sprint to tackle housing insecurity as state and federal COVID-19 eviction and foreclosure protections near their end will be led jointly by the Consumer Financial Protection Bureau (CFPB) and Department of Housing and […]

Debt collector faces action for failure to establish policies, conduct reviews of disputes

August 17, 2021 0

Failing to establish or implement reasonable written policies and procedures of the accuracy and integrity of information a debt collection enterprise and its owner furnished to credit reporting agencies has earned an action taken against […]

Truth in Lending (Regulation Z); Impact of the 2021 Juneteenth Holiday on Certain Closed-End Mortgage Requirements

August 12, 2021 0

Title: Truth in Lending (Regulation Z); Impact of the 2021 Juneteenth Holiday on Certain Closed-End Mortgage Requirements Subject: Juneteenth; closed-end mortgages Agency: FDIC Status: Interpretive rule Summary: The Bureau of Consumer Financial Protection (Bureau) is […]

Bureau review shows credit card limits declined during pandemic for high-credit-score borrowers as others ‘stagnated’

August 11, 2021 0

Credit card account limits declined overall during the pandemic – the largest declines being for high-credit-score borrowers – though a spike in account closures early in the pandemic began a decline after May 2020 that […]

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Agencies rescind four-year policy on special purpose credit programs aimed to help disadvantaged consumers, businesses

August 25, 2026 0

Recission of a four-year-old policy aimed at helping creditors expand responsible credit access to economically or socially disadvantaged consumers and commercial enterprises was announced Tuesday by federal banking and credit union agencies, along with other federal agencies. The rescission of [...]
FDIC reports higher ROA, net income for banks in second quarter

August 25, 2026 0

Second-quarter call report data show banks’ return on assets (ROA) and net income both up from the second quarter and from a year ago, the Federal Deposit Insurance Corp. (FDIC) said Tuesday. ROA overall was 1.37% in the second quarter, [...]
John Crews sworn in, designated NCUA Board chairman

August 24, 2026 0

A former Treasury official, John Crews, was sworn in Monday to a seat on the National Credit Union Administration (NCUA) Board, and he was designated chairman by President Donald Trump, the agency said. Crews, nominated in May and confirmed by [...]
Failed Philadelphia savings bank, closed late Friday, estimated to cost FDIC $5 million; sole branch reopens after P&A by other bank

August 24, 2026 0

The sole branch of a failed Philadelphia savings bank was scheduled to reopen Monday after its deposits were assumed, and “substantially all” its assets were purchased, by another savings bank in the city, the federal insurer of bank deposits said [...]
Fed makes public two consents to prohibitions, both for misappropriation of customer funds

August 20, 2026 0

Two more former bank workers have consented to prohibition orders, both for misappropriation of customer funds, the Federal Reserve said Thursday. The one of the prohibitions is for a former employee at Regions Bank, adding to the at least four [...]
Crews awaits swearing-in to seat on NCUA Board

August 20, 2026 0

There’s been no news yet of the swearing-in of John Crews to a term on the board of the National Credit Union Administration (NCUA), which is apparently working with all three board seats vacant. Crews, a Treasury official, was nominated [...]