CFPB – Page 52 – Regulatory Report

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[ May 13, 2025 ] Bureau, proposing to rescind past adjudication proceeding rule changes, says one gave director too much authority, others ‘unnecessary’ CFPB
[ May 13, 2025 ] Interest rate uncertainty may be ‘ongoing challenge’ for banks, risk report notes FDIC
[ May 13, 2025 ] 2024 FDIC Ombudsman activities summarized in report FDIC
[ May 12, 2025 ] Acting CFPB head Vought rescinds 67 guidance documents issued since 2011 CFPB
[ May 12, 2025 ] Higher inflation, slow growth, economic uncertainty likely ahead for next year as tariff policies play out, Fed governor expects The Fed

Evictions by multistate landlords, eviction services, private equity, to be investigation targets, CFPB, FTC leaders announce

March 29, 2021 0

Evictions – particularly by major multistate landlords, eviction management services and private equity firms – will be targeted for investigation by two federal agencies charged with overseeing consumer financial protection and fair trade, the agencies […]

Agencies’ RFI asks how financial institutions use AI for fraud prevention, underwriting, more

March 29, 2021 0

Information on how financial institutions use artificial intelligence (AI) in their activities, including fraud prevention, personalization of customer services, credit underwriting, and more is sought under a request for information announced Monday by federal bank, […]

Financial stability council slates climate change, COVID-19 developments for March 31 meeting

March 25, 2021 0

The interagency council formed under the 2010 Dodd-Frank Act to identify risks to financial stability and respond to emerging threats is set to meet next Wednesday on climate change and its potential impact on stability, […]

Uejio, in blog post on small-dollar loan issue, affirms importance of ability to repay in underwriting

March 24, 2021 0

The acting director of the Consumer Financial Protection Bureau (CFPB) on Tuesday stated the bureau’s continued belief that ability to repay is an important underwriting standard and held out the possibility of future rulemaking on […]

Bureau attributes 54% increase in 2020 complaints to coronavirus crisis; credit, consumer reporting objections led total

March 24, 2021 0

More than a half million complaints – up 54% from the previous year – were fielded in 2020 by the federal consumer financial protection agency, which reflects the financial impact of the coronavirus crisis, the […]

CFPB: Consumers’ debt collection complaints rose 10% in 2020

March 22, 2021 0

An annual report to Congress by the federal agency charged with consumer financial protection shows that the agency received some 82,700 complaints about first-party and third-party debt collection in 2020, an increase of about 10% […]

Statement of Policy Regarding Prohibition on Abusive Acts or Practices; Rescission

March 19, 2021 0

Title: Statement of Policy Regarding Prohibition on Abusive Acts or Practices; Rescission Subject: Abusive acts or practices Agency: CFPB Status: Rescission of statement of policy Summary: The Bureau of Consumer Financial Protection is rescinding the […]

CFPB renews advisory committee charters; minimum numbers of community bank, credit union reps each up by 1

March 17, 2021 0

Two-year charter renewals for the consumer financial protection agency’s four advisory committees are slated for publication in the Federal Register Thursday. The notices by the Consumer Financial Protection Bureau (CFPB) also show that the two […]

Stimulus payments should go directly to consumers, not to cover fees, agency asserts

March 17, 2021 0

In a release sporting a headline saying it is encouraging financial institutions and debt collectors to allow federal stimulus payments to reach consumers, the Consumer Financial Protection Bureau (CFPB) Wednesday said it is concerned that […]

CFPB suit says CA student loan debt relief firm collected more than $3.5 million fees in violation of Telemarketing Sales Rule

March 16, 2021 0

A student loan debt relief company, its owner, and manager charged some 3,300 consumers more than $3.5 million illegal up-front fees in violation of the Telemarketing Sales Rule (TSR) from 2015 to 2019, the consumer […]

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Bureau, proposing to rescind past adjudication proceeding rule changes, says one gave director too much authority, others ‘unnecessary’

May 13, 2025 0

Comments are due June 12 on a proposed rule that would rescind the Feb. 22, 2022, and March 29, 2023, amendments to the Consumer Financial Protection Bureau’s (CFPB) rules of practice for adjudication proceedings, including those transferring authority over dispositive [...]
Interest rate uncertainty may be ‘ongoing challenge’ for banks, risk report notes

May 13, 2025 0

Interest rate uncertainty may be an “ongoing challenge” for banks overall in 2025, according to a risk review issued Tuesday by the federal bank deposit insurance agency. In “key risks to banks,” the review issued by the Federal Deposit Insurance [...]
2024 FDIC Ombudsman activities summarized in report

May 13, 2025 0

A brief, seven-page (plus cover) report highlighting 2024 activities of the agency’s Office of the Ombudsman was released Tuesday by the Federal Deposit Insurance Corp. (FDIC). In a Financial Institution Letter (FIL-12-2025), the FDIC said the ombudsman office “is a [...]
Acting CFPB head Vought rescinds 67 guidance documents issued since 2011

May 12, 2025 0

Sixty-seven guidance documents issued by the Consumer Financial Protection Bureau (CFPB) since its inception in 2011 are now rescinded, according to a notice in Monday’s Federal Register. The notice, signed by acting CFPB Director Russell Vought (head of the Office [...]
Higher inflation, slow growth, economic uncertainty likely ahead for next year as tariff policies play out, Fed governor expects

May 12, 2025 0

Higher inflation, slower growth and economic uncertainty are the catchphrases for the economy going into the next year, largely because of increased tariffs and policy changes for them, a Federal Reserve governor said Monday. Speaking to the International Economic Symposium [...]
Loan demand drops off in Q1 for C&I, CRE, RRE, Fed lending officer survey finds; credit card standards tighten

May 12, 2025 0

Demand for commercial and industrial (C&I) loans weakened in the first quarter, which was a similar story for many household loans, according to a report issued by the Federal Reserve Monday. In its April 2025 Senior Loan Officer Opinion Survey [...]
Agencies jointly issue loan-to-deposit ratios for ’25 used for compliance with interstate banking laws

May 12, 2025 0

Host state loan-to-deposit ratios were issued Monday by the three federal banking regulators, which informs banks about how the proportions are used to determine compliance with federal interstate banking laws. The ratios are issued in connection with a 1994 statute [...]
OCC restores previous merger act rules; comments due in 30 days

May 8, 2025 0

The national bank regulator is restoring its pre-2024 business combinations rule under the Bank Merger Act (BMA), undoing the rule adopted last September and also rescinding its related policy statement. The changes by the Office of the Comptroller of the [...]