CFPB – Page 65 – Regulatory Report

What's up

[ March 24, 2026 ] Limits on credit union car loan participations eliminated under latest dereg proposal Federal financial regulation
[ March 23, 2026 ] Smaller, non-complex credit unions offered latest quarterly version of simplified CECL tool NCUA
[ March 20, 2026 ] Fed bars former bank employee over taking customer funds, more; another for faking active duty for leave pay The Fed
[ March 19, 2026 ] Agencies release three proposals that will result in lower capital for nation’s banks, claiming ‘framework will be improved’ FDIC
[ March 19, 2026 ] Registration open for OCC workshops for community bank directors, senior management OCC

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

October 15, 2020 0

A proposed stipulated final judgment and order filed Thursday by the federal consumer financial protection agency would impose a $15 million civil money penalty and require $79,308.81 in consumer redress against four firms over violations […]

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

October 14, 2020 0

A $4 million civil money penalty and up to $1 million in consumer redress must be paid by Nissan Motor Acceptance Corporation, an auto financing subsidiary of Nissan North America, Inc., under a consent order […]

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

October 8, 2020 0

A “general trend of decline” in the number of agreements between credit card issuers and institutions of higher education has continued over the 10 years ending in 2019, according to a report issued Thursday by […]

Bureau FAQs on RESPA address prohibited and permissible fees, arrangements; compliance bulletin rescinded

October 7, 2020 0

A set of frequently asked questions (FAQs) on Real Estate Settlement Procedures Act (RESPA) section 8 prohibitions on kickbacks and unearned fee arrangements, as well as provisions defining fees and arrangements that are not prohibited, […]

Bureau offers relief to entities from consent orders it issues

October 6, 2020 0

Companies and others can earn an early way out of actions taken against them through consent orders by the federal consumer financial protection agency under a new policy announced Monday. In a release, the Consumer […]

UPDATED: TRID rules have improved consumers’ ability to learn more about mortgage transactions, CFPB reports

October 1, 2020 0

Consumers’ have improved their ability to locate key mortgage information, compare terms and costs between initial and final disclosures and compare terms and costs across mortgage offers through real estate transaction disclosure rules, according to […]

CFPB rebrands recent – and not so recent – efforts of the bureau, FTC, and law enforcement targeting abusive debt collection practices

September 29, 2020 0

The agency charged with consumer financial protection included information on two of its previously announced cases over abusive debt collection on Tuesday and reintroduced those efforts and others reportedly underway elsewhere under the moniker of […]

THIS WEEK: Fed’s Quarles in financial regulation, stability panel discussions; FDIC systemic resolution panel meets; ‘seasoned’ QM comments due

September 28, 2020 0

Three Federal Reserve Board governors are set to speak during events slated over the next three days on, among other things, financial regulation and financial stability. Also this week, the Federal Deposit Insurance Corp. (FDIC) […]

Report: Many believe they need more money to cover emergencies than they have in savings

September 25, 2020 0

People think they need about $10,000 to cover any financial emergencies, according to results of a study released Thursday, but more than half of those have only $3,000 or even less in their combined checking […]

Anticipating Yom Kippur, CFPB adds more time to ‘seasoned mortgage’ comment period

September 22, 2020 0

Time to accommodate the Yom Kippur Jewish holiday is being allocated to collect comments on a new category of qualified mortgages, the federal consumer financial protection agency said Monday, with the new comments due date […]

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Limits on credit union car loan participations eliminated under latest dereg proposal

March 24, 2026 0

No limits on purchase or participation in indirect auto loans serviced by a third party would be imposed on credit unions under a proposal issued by their federal regulator Tuesday. In its so-called “eighth round” of deregulation proposals, the National [...]
Smaller, non-complex credit unions offered latest quarterly version of simplified CECL tool

March 23, 2026 0

The latest life-of-loan—or Weighted Average Remaining Maturity—factors are included in the March 2026 update of the simplified tool the federal regulator provides to smaller credit unions for estimating the allowance for credit losses on loans and leases, the agency said [...]
Fed bars former bank employee over taking customer funds, more; another for faking active duty for leave pay

March 20, 2026 0

A former relationship banker at Regions Bank, Birmingham, Ala., is barred from any future service in federally insured financial institutions under a March consent order finding that she withdrew $323,500 from a bank customer’s account for her own benefit. The [...]