CFPB – Page 73 – 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

Guide aims to outline borrowers’ rights to mortgage payment forbearance, foreclosure protection

May 15, 2020 0

Borrowers’ rights to mortgage payment forbearance and foreclosure protection under sweeping legislation enacted to respond to the financial impact of the coronavirus crisis is outlined in a guide released Friday by the federal consumer financial […]

Bureau seeks redress of $18 million against mortgage lender Monster Loans for deceptive practices, illegal fees

May 14, 2020 0

A judgment for redress of $18 million, and fines totaling $450,000, have been proposed for a California mortgage lender to pay for unlawfully obtaining consumer reports that led to deceptive marketing of services and charging […]

Flexibilities for credit issuers, consumers amid COVID-19 disruptions outlined in CFPB statement, FAQs

May 14, 2020 0

Creditors that take longer than required by Regulation Z to resolve an open-end credit account billing error notice will not be cited for a violation in an examination or face an enforcement action if it […]

Highest monthly consumer complaint volumes ever (March, April) cited by CFPB director; mortgages, credit cards top those related to COVID-19

May 12, 2020 0

The director of the Consumer Financial Protection Bureau (CFPB) on Tuesday told real estate industry and financial literacy meeting attendees that the bureau received the highest monthly number of consumer complaints in the bureau’s history […]

CFPB, housing agencies launch website to help mortgage borrowers, renters affected by coronavirus crisis

May 12, 2020 0

A website to provide mortgage and housing assistance to homeowners and renters facing difficulties amid the coronavirus (COVID-10) pandemic was launched jointly Tuesday by the Consumer Financial Protection Bureau (CFPB) and federal housing agencies. The […]

Consumer bureau slaps mortgage servicer with orders for redress, money penalty

May 11, 2020 0

A Colorado-based mortgage-loan servicer was ordered to pay $1.275 million in redress and “waiver borrowers deficiencies” – plus a $250,000 civil money penalty (CMP) – for (among other things) taking foreclosure actions against borrowers who […]

Rule raising HMDA reporting threshold to 100 or more closed end mortgages set to be finalized

May 11, 2020 0

Institutions originating fewer than 100 closed-end mortgage loans in either of the two preceding calendar years will not have to report data about closed-end mortgage loans, beginning July 1, according to a final rule scheduled […]

CFPB remittance rule final; includes ‘tailored’ exceptions on cost disclosures, ups safe harbor to 500 transfers

May 11, 2020 0

A final rule that permanently provides “tailored” exceptions to remittance rule requirements for banks’ and credit unions’ disclosures of exchange rates and covered third-party fees, and raises the safe harbor under the rule from 100 […]

Agency vows ‘no hesitation’ in taking enforcement action for consumer abuses, scams profiting from COVID-19 crisis

May 8, 2020 0

There will be no hesitation in taking public enforcement action when appropriate against companies or individuals that abuse or scam consumers during the coronavirus crisis, the federal consumer financial protection agency warned Friday, and it […]

FAQs aim to clarify timing of PPP loans under ECOA requirements

May 7, 2020 0

An application for a loan under the Paycheck Protection Program (PPP) is only a “completed application” once the creditor has received a loan number from the Small Business Administration (SBA) or a response about the […]

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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 [...]