CFPB – Page 64 – Regulatory Report

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

Proposed judgment seeks $330 million in student loan forgiveness on charges of deceiving borrowers

September 15, 2020 0

A proposed stipulated judgment to forgive $330 million in student loans was filed Tuesday by the federal consumer financial protection agency, along with several states, against a student loan company and one of the largest […]

ClearPath Lending gets $625k fine for deceptive ads to servicemembers, vets dating back to 2017

September 14, 2020 0

A consent order announced Monday between the consumer financial protection agency and a mortgage firm licensed in about 22 states imposes a $625,000 civil money penalty against the firm for deceptively advertising Veterans Administration (VA)-backed […]

Protecting consumers from threats part of discussion on regulatory modernization in Tuesday CFPB taskforce session

September 14, 2020 0

Protecting consumers from “new threats” while enabling financial services providers to develop new, better ways to serve consumer needs will be a key part of a discussion on regulatory modernization and flexibility among a taskforce […]

7 enforcements in July, August penalized mortgage firms abusing rights of vets, servicemembers

September 11, 2020 0

July and August were not great months for mortgage companies if they’d been caught ripping off military vets and servicemembers. Reg Report reported on one order issued by the consumer financial protection bureau in late […]

Consumer bureau Supervisory Highlights notes testing of advisory opinion program

September 10, 2020 0

A recap on an advisory opinion (AO) pilot program launched this June, which could be adopted in full at any time now, is provided in the summer issue of the Consumer Financial Protection Bureau (CFPB) […]

Bureau goes after large debt collector for violating 2015 consent decree

September 9, 2020 0

A California-based organization called the largest debt collector and debt buying group in the country was sued by the federal consumer financial protection agency Tuesday for violating the terms of a 2015 consent order that […]

October ‘tech sprint’ focuses on innovation in electronically delivering adverse action notices

September 8, 2020 0

A “tech sprint” aimed at developing innovative approaches to electronically delivered adverse action notices will be held Oct. 5-9, the federal consumer financial protection agency announced Sept. 1. According to the Consumer Financial Protection Bureau […]

CFPB advisory panels meet by conference call Sept. 23 on COVID; research council meets next day

September 8, 2020 0

The three advisory panels to the Consumer Financial Protection Bureau (CFPB) that represent community banks, credit unions, and consumers are set to meet Sept. 23 by conference call to discuss regulatory matters and the impact […]

Federal, state agencies team up to charge NY firms, staffers, with collecting debts illegally through threats, harassment

September 8, 2020 0

Debt collection operations in New York that allegedly used illegal methods – including bullying, harassment and threats – to collect debts now face charges from both the federal consumer financial protection agency and the state […]

CFPB report finds consumers kept pace in paying back loans during coronavirus crisis – perhaps due to federal benefits

September 8, 2020 0

Consumers have not fallen significantly behind in making their loan payments during the coronavirus crisis, a report from the federal consumer financial protection agency asserted last week based on credit record data analyzed by the […]

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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 [...]