CFPB – Page 70 – Regulatory Report

What's up

[ July 7, 2025 ] Floods in Texas prompt closure notice for banks in affected areas, OCC announces OCC
[ 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

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 […]

CFPB’s tech sprints will focus on consumer disclosures, HMDA file prep and data submission

June 29, 2020 0

A series of three “tech sprints” – one held this October, and two more slated for March 2021 – will focus on how to improve consumer disclosures, preparing files for Home Mortgage Disclosure Act (HMDA) […]

High court ruling allowing president to fire CFPB director ‘at will’ has no impact on agency rules, Kraninger says

June 29, 2020 0

A Supreme Court ruling Monday that lets the federal consumer financial protection agency continue in operation – but finds that the president may remove its director at will – means that the agency’s rules continue to govern […]

Firms slapped with fines for telling consumers they are on their own for resolving consumer report errors

June 24, 2020 0

Two companies engaged in contracts for deeds have settled charges that they misrepresented procedures to customers for filing complaints about how to resolve errors on consumer reports, the federal consumer financial protection agency said Tuesday. […]

CFPB says interim rule makes clear when servicers can provide pandemic-related relief based on limited info

June 23, 2020 0

An interim final rule that gives the green light to mortgage servicers providing forbearance relief to home owners facing hardship due to the coronavirus (COVID-19) pandemic, and allowing this based on limited information collected from […]

Interpretive rule outlines how ‘underserved’ areas are determined, reflecting changes in HMDA regs

June 23, 2020 0

The way in which the federal consumer financial protection agency determines which counties qualify as “underserved” for a given calendar year for purposes of mortgage origination are outlined in an interpretive rule issued Tuesday. The […]

Bureau proposes ‘price-based approach’ to replace GSE patch before it expires (with an extension offered just in case)

June 22, 2020 0

Addressing the Jan. 10, 2021 expiration of the so-called “GSE Patch” is the aim of two proposed rules – one establishing a “price-based approach,” and the other to extend the “patch” until a final rule […]

CFPB sees continued uptick in complaints, hitting a new monthly high

June 19, 2020 0

April and May brought the consumer financial protection agency some 42,400 and 44,100 complaints, respectively – the highest monthly complaint volumes in the agency’s history, its director said during a webinar Friday, who added that […]

Bureau updates small-entity compliance guide on remittances

June 18, 2020 0

The agency charged with consumer financial protection has updated its small-entity compliance guide on remittance transfers that incorporates May 2020 revisions to the agency’s remittance rule. The guide, published by the Consumer Financial Protection Bureau […]

Proposal sets up pilot program of ‘advisory opinions’ for clarifying how consumer bureau rules affect entities

June 18, 2020 0

Unsure how a rule from the federal consumer financial protection agency affects you? Starting Thursday, under a new pilot program from the agency, you can submit a request for clarity “where uncertainty exists.” In a […]

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Floods in Texas prompt closure notice for banks in affected areas, OCC announces

July 7, 2025 0

Catastrophic flooding in Texas has prompted the national bank regulator to allow banks in the affected area to close offices, the agency said Monday. The Office of the Comptroller of the Currency (OCC) said it expects that only those bank [...]
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 [...]