CFPB – Page 84 – Regulatory Report

What's up

[ November 3, 2025 ] Lending standards tighter in 3rd quarter for C&I as demand grows; household loan standards unchanged The Fed
[ November 3, 2025 ] 10 banks earn top CRA ratings; none tagged with lowest scores of ‘needs improvement,’ ‘substantial noncompliance’ FDIC
[ November 3, 2025 ] Agency reminds of grant availability for low-income credit unions NCUA
[ October 31, 2025 ] Agency announces prohibitions, including two in MS and NC for misappropriations involving hundreds of thousands of dollars FDIC
[ October 31, 2025 ] Former MN credit union teller barred from future FI service NCUA

GAO says five recommendations to financial regulators post Dodd-Frank, focusing on process, not yet implemented

December 10, 2019 0

Five of the total 37 recommendations the congressional watchdog agency has made to financial regulators since enactment of the 2010 law responding to the financial crisis have yet to be implemented, according to a report […]

Impact of now-complete removal of tax liens, civil judgments from consumer credit reports reviewed in CFPB report

December 10, 2019 0

The removal of tax liens and civil judgments from consumers’ credit reports in recent years did not have a large impact on the relationship between credit scores and consumers’ credit performance, the Consumer Financial Protection […]

Report outlines new violations under FCRA (and how violators are aiming to fix them)

December 10, 2019 0

New violations and compliance management system weaknesses under the Fair Credit Reporting Act (FCRA) and Regulation V are outlined in the 20th issue of “supervisory highlights” published by the federal consumer financial protection agency Monday. […]

‘Credit products’ led complaints to bureau’s office of ombudsman for FY 2019

December 6, 2019 0

Credit products – including credit cards and non-mortgage lending items such as student loans – were the most-commonly complained about products in inquiries received by the ombudsman’s office of the federal consumer financial protection agency, […]

Remittance Transfers under the Electronic Fund Transfer Act (Regulation E)

December 5, 2019 0

Title: Remittance Transfers under the Electronic Fund Transfer Act (Regulation E) Subject: Remittances Agency: CFPB Status: Final rule Summary: The Electronic Fund Transfer Act, as amended by the Dodd-Frank Wall Street Reform and Consumer Protection […]

Bank, credit union regulators’ statement cites usefulness of alternative data in credit underwriting, notes benefits/risks

December 3, 2019 0

The value of information not typically found in a consumer’s credit report, used against the backdrop of a well-designed compliance management program, is recognized as potentially helpful in credit underwriting in a statement issued jointly […]

Court sets March 3 hearing for arguments over bureau structure, constitutionality

December 3, 2019 0

The future of the federal consumer financial protection agency will be at the forefront at a March 3 hearing by the Supreme Court of a case questioning the agency’s constitutionality. The high court will hear […]

Proposal would allow estimates for remittance fee disclosures; raises ‘safe harbor’ to 500 per year

December 3, 2019 0

Some financial institutions could estimate certain remittance fee and exchange rate information – instead of disclosing exact amounts in certain circumstances – under a proposal issued by the federal consumer financial protection agency Tuesday. The […]

Consumer bureau keeps max allowable credit report charge at $12.50 for 2020

November 27, 2019 0

The maximum charge of $12.50 that consumer reporting agencies may charge consumers for their credit reports will remain unchanged for 2020, the federal consumer financial protection agency said Wednesday. The ceiling on allowable charges under […]

Settlement with military travel lender, servicer, results in $3.5 million ‘suspended judgment,’ $1 penalty

November 26, 2019 0

Settlements with related firms that misrepresented costs of offering and extending financing for airline tickets to members of the military and their families resulted in a “suspended judgment” of nearly $3.5 million, and a civil […]

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Lending standards tighter in 3rd quarter for C&I as demand grows; household loan standards unchanged

November 3, 2025 0

Tighter lending standards for commercial and industrial (C&I) loans were prevalent in the year’s third quarter, while loan standards for households were largely unchanged, the Federal Reserve said Monday. Demand was up for the C&I loans, the agency said, from [...]
10 banks earn top CRA ratings; none tagged with lowest scores of ‘needs improvement,’ ‘substantial noncompliance’

November 3, 2025 0

Ten banks, out of 76 examined, earned “outstanding” ratings for their compliance with anti-redlining laws, two federal bank regulators said Monday. In reporting on Community Reinvestment Act (CRA) ratings, the Office of the Comptroller of the Currency (OCC) and the [...]
Agency reminds of grant availability for low-income credit unions

November 3, 2025 0

Credit unions with the National Credit Union Administration’s (NCUA) low-income designation can still apply by Dec. 16 for a portion of the more than $3.4 million in grants being made available by the agency, according to a release Monday. The [...]
Agency announces prohibitions, including two in MS and NC for misappropriations involving hundreds of thousands of dollars

October 31, 2025 0

Prohibitions for September were announced Friday by the federal bank deposit insurance agency, including two for allegedly misappropriating hundreds of thousands of dollars from their respective banks. The Federal Deposit Insurance Corp. (FDIC) said Shelley C. Bounchareune, a former employee [...]
Former MN credit union teller barred from future FI service

October 31, 2025 0

A former teller of Affinity Plus Federal Credit Union of Saint Paul, Minn., was barred from any future work in federally insured financial institutions under an October prohibition order. In the consent order, the National Credit Union Administration (NCUA) said [...]