CFPB – Page 57 – Regulatory Report

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[ 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

Three agencies’ final rules on role of supervisory guidance take effect in March

February 16, 2021 0

Final rules published by three financial industry regulators on the role of supervisory guidance are slated to take effect March 5 and March 15, according to Federal Register notices published recently. The proposed rule, to […]

Bureau changes direction for consumer education unit; promises vigorous pursuit of complaints

February 11, 2021 0

Stating that the division of consumer education should “redouble its efforts to ensure the Bureau engages all consumers who are economically suffering,” the acting director of the Consumer Financial Protection Bureau (CFPB) Wednesday issued a […]

CFPB acting chief announces attorney recruitment effort; ‘we need fullest talents, passions of American public’

February 9, 2021 0

An effort to recruit attorneys “at all experience levels” to the federal consumer financial protection agency was announced Tuesday by its acting director in an effort, he said, to achieve “vigorous oversight of all applicable […]

CFPB’s Uejio directs end to COVID-19-related ‘pause’ on quarterly HMDA reporting, data collections; will review past reg actions against consumer protection mission

February 4, 2021 0

The acting director of the consumer financial protection agency directed staff to end the agency’s “pause” implemented around the start of the COVID-19 pandemic on quarterly Home Mortgage Disclosure Act (HMDA) reporting, CARD Act data […]

NCUA letter notes 2021 asset-size threshold adjustments under mortgage, credit report rules

February 4, 2021 0

Asset-size threshold adjustments for 2021 under federal mortgage regulations, and the annual adjustment for consumer report fee limits, are detailed for credit unions in National Credit Union Administration (NCUA) Letter to Credit Unions 21-RA-02, released […]

Incoming Senate panel chairman praises CFPB nominee; discussed plans to ‘rebuild the bureau’

February 4, 2021 0

Perhaps unsurprisingly, the nominee to lead the federal consumer financial protection agency has won glowing praise from the incoming leader of the Senate Banking Committee following a video call between the two. That praise included […]

CFPB updates list of consumer reporting firms; amid COVID-19, nationwide firms must provide weekly reports for free through April

February 1, 2021 0

An updated list of consumer reporting companies – including the three nationwide firms as well as “dozens”of specialty firms – has been published by the federal consumer financial protection agency, the agency said in a […]

CFPB acting director promises ‘aggressive action’ in response to COVID-19 relief violations by providers

January 28, 2021 0

The recently named acting director of the federal consumer financial protection agency said in a statement released Thursday that the bureau will be taking “aggressive action” in response to cases where financial providers have violated […]

Consumers would pay down credit card debt with savings, but still keep some as a cushion, bureau says of ‘experiment’ results

January 27, 2021 0

Most consumers with savings would pay down some credit card debt, but would also preserve a savings cushion rather than spend all of it retiring the balance, according to the results of an “online experiment” […]

Spending was up at consumer bureau in 2020 – so were complaints about credit, consumer reporting

January 25, 2021 0

Spending was up more than 9% by the federal consumer financial protection agency in the last fiscal year, to $558.5 million, according to the agency’s fall 2020 semiannual report issued Jan. 21. The report also […]

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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 [...]