CFPB – Page 64 – Regulatory Report

What's up

[ July 3, 2025 ] Violations in 2024 of TIL and flood insurance once again were tops for banks; HMDA abuses move up the charts FDIC
[ July 3, 2025 ] 7 banks ‘outstanding,’ 64 ‘satisfactory’ for CRA, FDIC reports in latest disclosure FDIC
[ July 1, 2025 ] NCUA shutters small IL credit union after 12-day conservatorship; third to close in two weeks NCUA
[ July 1, 2025 ] Seven banks – including Bank of China branches – earn top ratings for CRA compliance OCC
[ June 30, 2025 ] Fed: 2025 stress test shows banks ‘well positioned’ to withstand severe recession The Fed

CFPB announces new, continuing members on advisory councils

September 16, 2020 0

Continuing and new members on the Consumer Financial Protection Bureau’s (CFPB) four advisory panels were announced Wednesday. The bureau named new members to the Consumer Advisory Board (CAB), the Community Bank Advisory Council (CBAC), the […]

Consumer bureau releases outline of proposals for small-biz data collection

September 15, 2020 0

An outline of proposals under consideration for the collection of data on women-owned, minority-owned, and small businesses that could apply to depository institutions with assets of $600 million or less was released Tuesday by the […]

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 […]

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Violations in 2024 of TIL and flood insurance once again were tops for banks; HMDA abuses move up the charts

July 3, 2025 0

The two most common violations of consumer compliance supervision in 2024 were those related to truth-in-lending and mandatory flood insurance – pretty much the same results reported in 2023 — according to an annual report issued Thursday by the federal [...]
7 banks ‘outstanding,’ 64 ‘satisfactory’ for CRA, FDIC reports in latest disclosure

July 3, 2025 0

Seventy-one banks whose performance ratings under the anti-redlining Community Reinvestment Act (CRA) were announced Thursday were all rated either “outstanding” or “satisfactory,” according to the Federal Deposit Insurance Corp. (FDIC). The information, which the FDIC said became publicly available in [...]
NCUA shutters small IL credit union after 12-day conservatorship; third to close in two weeks

July 1, 2025 0

A tiny credit union that was placed into conservatorship June 18 was closed by its federal regulator July 1, the agency said in a release that alleged violations of federal law and rules. It is the third credit union the [...]
Seven banks – including Bank of China branches – earn top ratings for CRA compliance

July 1, 2025 0

Seven banks – including two branches of the Bank of China – received the highest ratings for compliance with rules implementing anti-redlining laws, according to scores released Tuesday by the national bank regulator. The ratings for compliance with Community Reinvestment [...]