CFPB – Page 52 – Regulatory Report

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[ 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

CFPB rescinds 7 temporary policy statements issued amid COVID-19 crisis; discontinues use of ‘supervisory recommendations’

March 31, 2021 0

Seven policy statements issued from late March to early June 2020 that provided temporary flexibilities to financial institutions in the areas of consumer mortgages, credit reporting, credit cards, and prepaid cards are rescinded as of […]

Request for Information and Comment on Financial Institutions’ Use of Artificial Intelligence, including Machine Learning

March 30, 2021 0

Title: Request for Information and Comment on Financial Institutions’ Use of Artificial Intelligence, including Machine Learning Subject: FIs’ use of artificial intelligence Agency: CFPB, FDIC, Federal Reserve, NCUA, OCC Status: Request for information and comment […]

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 […]

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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), [...]