CFPB – Page 69 – Regulatory Report

What's up

[ May 15, 2025 ] CFPB rescinds interpretive rule on states’ enforcement of CFPA; withdraws 3 proposed rules focused on EFT, data broker practices, contracts of adhesion CFPB
[ May 15, 2025 ] Mississippi banker agrees to prohibition after ignoring order not to accept commission on real estate deal OCC
[ 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

Bureau taps new deputy director, third person to fill job this year; new division named for public, policy engagement

July 8, 2020 0

Thomas Pahl is the new deputy director of the federal consumer financial protection bureau, the third person to fill that position so far this year. The agency also announced a new division consolidating its external […]

Bureau alleges firm took $15 million in deposits after phony advertising – including that it was a bank (when it wasn’t)

July 7, 2020 0

Several false, misleading, and inaccurate marketing representations in advertising for a Delaware-based financial services company that took $15 million in deposits but was not a bank are alleged in lawsuit filed Monday the Consumer Financial […]

Most regulatory actions taken by consumer bureau between 2012-20 ‘ratified’ in wake of Supreme Court decision

July 7, 2020 0

Most regulatory actions taken from 2012 through the middle of 2020 by the consumer financial protection agency were ratified by the agency Tuesday in response to a Supreme Court decision last week declaring the agency’s […]

Bureau drops ‘ability to repay’ provision from payday lending rule but keeps provisions blocking unapproved withdrawals

July 7, 2020 0

A new final rule on small-dollar lending issued Tuesday by the federal consumer financial protection agency revokes “ability to repay” provisions of the previous rule but makes no changes to the payment protection provisions already […]

Higher-Priced Mortgage Loan Escrow Exemption (Regulation Z)

July 6, 2020 0

Title: Higher-Priced Mortgage Loan Escrow Exemption (Regulation Z) Subject: Regulation Z, mortgage lending Agency: CFPB Status: Notice of proposed rulemaking (NPRM) Summary: The Bureau of Consumer Financial Protection (Bureau) is proposing to amend Regulation Z, […]

Bureau’s spring agenda includes proposals under ECOA, HMDA data points, debt collection

July 2, 2020 0

Business lending data collection, Home Mortgage Disclosure Act data points, debt collection, and more are yet to come under the current rulemaking agenda of the Consumer Financial Protection Bureau (CFPB). The agenda is the bureau’s […]

Virtual ‘Office Hours’ to be held jointly by OCC, CFPB in late July

July 2, 2020 0

A virtual “Innovation Office Hours” giving participants an opportunity to discuss with regulators issues that touch on consumer protection and prudential regulation will be hosted jointly July 29-30 by the Consumer Financial Protection Bureau (CFPB) […]

Proposal would exempt many banks, credit unions from escrow requirements for higher-priced mortgage loans

July 2, 2020 0

Financial institutions with assets of $10 billion or less and that originate 1,000 or fewer mortgage loans would be exempted from a requirement to establish escrow accounts for certain higher-priced mortgage loans (HMPL), under a […]

Supervision ramping up as agencies evaluate institutions for LIBOR transition preparedness, plans

July 1, 2020 0

Federal and state regulators on Wednesday urged financial institutions to continue working to transition away from using LIBOR (the London Interbank Offered Rate) as a reference rate in any products, and they said supervision of […]

Treatment of Certain COVID-19 Related Loss Mitigation Options Under the Real Estate Settlement Procedures Act (RESPA) (Regulation X)

June 30, 2020 0

Title: Treatment of Certain COVID-19 Related Loss Mitigation Options Under the Real Estate Settlement Procedures Act (RESPA) (Regulation X) Subject: RESPA; loss mitigation Agency: CFPB Status: Interim final rule Summary: The Bureau of Consumer Financial […]

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CFPB rescinds interpretive rule on states’ enforcement of CFPA; withdraws 3 proposed rules focused on EFT, data broker practices, contracts of adhesion

May 15, 2025 0

An interpretive rule that declared essentially no limits on states’ ability to enforce provision of the Consumer Financial Protection Act (CFPA) was rescinded as of Thursday, the Consumer Financial Protection Bureau (CFPB) said in a Federal Register notice published the [...]
Mississippi banker agrees to prohibition after ignoring order not to accept commission on real estate deal

May 15, 2025 0

A former Mississippi banker has been prohibited from serving at any federally insured financial institution after ignoring a directive three years ago not to accept a $120,000 personal commission as a real estate broker, the national bank regulator said Thursday. [...]
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 [...]