CFPB – Page 56 – 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

UPDATED: FDIC Board, others, finalize rules codifying role of supervisory guidance as not having force of law

January 19, 2021 0

A new rule codifying that supervisory guidance does not have the force of law, and that enforcement actions are not based on the guidance, was finalized Tuesday by the federal insurer of bank deposits. Three […]

Compliance guide for debt collection communications rule offered to small entities

January 15, 2021 0

A summary of the October 2020 debt collection rule regarding communications between collectors and debtors is provided in a small-entity compliance guide released by the federal consumer financial protection agency Friday. The Consumer Financial Protection […]

UPDATED: Agencies sign ‘memo of understanding’ to improve consumer protection coordination supervision for larger credit unions

January 15, 2021 0

Improving coordination between the federal credit union regulator and federal consumer financial protection agency over the consumer protection supervision of credit unions with more than $10 billion in assets is the stated purpose of a […]

Statement aims at encouraging financials to better serve consumers with limited English proficiency (LEP)

January 13, 2021 0

Financial institutions are encouraged to better serve consumers with limited English proficiency (LEP) and are being provided principles and guidelines to assist financial institutions seeking to better serve LEP consumers in non-English languages, the federal […]

UPDATED: Civil money penalty maximums higher in 2021 after inflation adjustments

January 13, 2021 0

Maximum civil money penalty amounts are rising about 1.18% under inflation adjustments made by federal financial institution regulators, with the increased maximums set to apply after Jan. 15. The Federal Deposit Insurance Corp. (FDIC), Federal […]

Beta platform for 2021 HMDA data available for testing, CFPB says

January 11, 2021 0

The beta release of the Home Mortgage Disclosure Act (HMDA) platform for data collected in 2021 is available now for testing, the Consumer Financial Protection Bureau (CFPB) said in a notification Monday. The beta platform […]

Applications open for bureau ‘advisory committees,’ with selections made by summer

January 11, 2021 0

Applications for appointments to membership of one of four advisory committees that offer input from various sections of the financial industry, and for research projects by the agency, to the federal consumer financial protection agency […]

Bureau reminds HMDA reports on 2020 data collected are due March 1

January 5, 2021 0

The federal consumer financial protection agency on Tuesday reminded that mortgage lenders are due to file their mortgage loan/application registers (LARs) with federal regulators by March 1. The registers, containing Home Mortgage Disclosure Act (HMDA, […]

Task force recommends expanded access to payment systems for non-banks, elimination of overlapping exam subject areas (among 100 things)

January 5, 2021 0

Expanding access to the payments system by non-bank providers, and eliminating overlapping examination subject areas by regulators, are among the recommendations – out of 100 total – from a taskforce on federal consumer financial law […]

$2 million-plus penalty assessed for making prohibited loans to military members

January 5, 2021 0

A penalty of $2.175 million must be paid by a Las Vegas, Nev., firm for violations of federal law regulating lending to members of the military, the Consumer Financial Protection Bureau (CFPB) said Dec. 30. […]

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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), [...]