CFPB

What's up

[ May 14, 2025 ] FDIC: Rescission of 2024 merger act policy, report on insurance fund restoration slated FDIC
[ May 14, 2025 ] OCC publishes spring ‘25 interest-rate risk report OCC
[ 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

Washington Federal Bank assessed $200k by CFPB over inaccurate HMDA reporting

October 28, 2020 0

Washington Federal Bank, N.A., already under a 2013 consent order addressing violations of Home Mortgage Disclosure Act (HMDA) reporting requirements, must pay a $200,000 civil money penalty and beef up its compliance management related to […]

Firm called Low VA Rates assessed $1.8 million penalty by CFPB over alleged violations targeting vets, servicemembers

October 26, 2020 0

A consent order filed Monday by the consumer financial protection agency requires Low VA Rates LLC, a mortgage lender and broker licensed in 48 states and the District of Columbia, to pay a $1.8 million […]

THIS WEEK: NCUA holds second October open meeting; FDIC advisory panels meet; comments due on CARD Act rules, FCU op fees, more

October 26, 2020 0

The board of the federal credit union regulator is poised to hold its second October open meeting – a rare occurrence – this week, which also features two banking agency advisory panel sessions and three […]

Consumer Access to Financial Records

October 22, 2020 0

Title: Consumer Access to Financial Records Subject: Consumer access Agency: CFPB Status: Advance notice of proposed rulemaking Summary: Section 1033 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) provides, among other […]

« 1 … 60 61 62 63 64 … 135 »

FDIC: Rescission of 2024 merger act policy, report on insurance fund restoration slated

May 14, 2025 0

The federal bank deposit insurer’s board plans a vote next Tuesday to rescind its 2024 Bank Merger Act rule policy statement, replacing it with the previous statement, and to hear an update on its Deposit Insurance Fund (DIF) restoration plan, [...]
OCC publishes spring ‘25 interest-rate risk report

May 14, 2025 0

Interest rate risk data gathered during examinations of midsize and community banks are available Wednesday with the publication of the spring 2025 statistics report by the national bank regulator. The Office of the Comptroller of the Currency (OCC) said the [...]
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 [...]

Washington Federal Bank assessed $200k by CFPB over inaccurate HMDA reporting

THIS WEEK: NCUA holds second October open meeting; FDIC advisory panels meet; comments due on CARD Act rules, FCU op fees, more

Consumer Access to Financial Records

Bureau finally begins rulemaking on consumer access to financial records

Bureau decides to extend ‘GSE patch’ until it finalizes a rule amending general QM loan definition

Bureau’s HMDA reference chart shows required data points for 2021 collection; Filing Instructions Guide available

CFPB proposes $15 million penalty, plus redress, against Encore Capital Group and subsidiaries

Nissan finance arm to pay up to $5 million in fine, redress over illegal collections, repo practices

Number of college credit card agreements down 79% from 2009-2019, CFPB report shows

FDIC: Rescission of 2024 merger act policy, report on insurance fund restoration slated

OCC publishes spring ‘25 interest-rate risk report

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

Interest rate uncertainty may be ‘ongoing challenge’ for banks, risk report notes

2024 FDIC Ombudsman activities summarized in report

Acting CFPB head Vought rescinds 67 guidance documents issued since 2011

Higher inflation, slow growth, economic uncertainty likely ahead for next year as tariff policies play out, Fed governor expects

Loan demand drops off in Q1 for C&I, CRE, RRE, Fed lending officer survey finds; credit card standards tighten

Agencies jointly issue loan-to-deposit ratios for ’25 used for compliance with interstate banking laws