CFPB – Page 67 – 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

Pandemic contributing to rising number of complaints, new supervisory approach, bureau chief tells panel

July 29, 2020 0

About 5% of complaints received by the federal consumer financial protection agency since the year began specifically referenced coronavirus, the director of the agency told a Senate panel Wednesday. Consumer Financial Protection Bureau (CFPB) Director […]

Thinking of buying a hot Italian sports car with PPP loan proceeds? Maybe reconsider …

July 28, 2020 0

Purchasing a $318,000 Italian sports car with money obtained through a federal program meant to help businesses through the coronavirus crisis is strongly frowned upon, a Florida man learned Monday when he was charged with […]

Bureau plans proposed rule on consumer-authorized, third-party access to financial records

July 27, 2020 0

Consumer-authorized access to financial records will be the focus of a proposed new rule by the consumer financial protection agency later this year, with an aim of helping the agency understand and address “competing perspectives,” […]

Before developing ECOA data collection rule, bureau collecting data on cost of collecting data

July 24, 2020 0

A survey designed to collect information about the one-time costs for preparing to gather and report data about applications for credit made by women-owned, minority-owned and small businesses is being conducted by the federal consumer […]

$3 million in consumer redress is suspended, $40,000 penalty assessed against mortgage relief services firm, its CEO under settlement with CFPB

July 23, 2020 0

A stipulated final judgment over a firm’s violations of federal consumer financial protections related to the sale of financial advisory and mortgage assistance relief services suspends the imposition of $3 million in consumer redress against […]

Symposium signals bureau’s attraction to regulating by cost-benefit analysis

July 22, 2020 0

The use of cost-benefit analysis in consumer financial protection regulation – something apparently under consideration by the federal consumer financial protection agency – is the focus of a symposium set for July 29 via webcast, […]

Bureau adjusts annual thresholds for TILA provisions on credit cards, mortgages

July 20, 2020 0

Dollar amounts for provisions in truth-in-lending regulations for credit cards and mortgages have been adjusted for consumer prices as of the beginning of this summer, the federal consumer financial protection agency said Monday. More specifically, […]

CFPB no-action letter gives nod to template for employer autosave program applications

July 17, 2020 0

A template for employee applications to employer-created automatic savings (autosave) programs has been deemed by the Consumer Financial Protection Bureau (CFPB) to be compliant with Electronic Funds Transfer Act (EFTA) and related Regulaion E provisions […]

‘Trends view’ of consumer complaints charts growth of gripes over time

July 17, 2020 0

A “trends view” of consumer complaints which allows users to see information about complaints over time using a set of filter options has been added to the consumer complaint database of the federal consumer financial […]

On-line tool aims to help students get the low down on cost of college

July 15, 2020 0

Helping students clearly understand the total cost of attending college and making informed decisions about paying for their education is the stated aim of a new web-based tool rolled out Wednesday by the federal consumer […]

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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 [...]