CFPB – Page 84 – Regulatory Report

What's up

[ October 2, 2026 ] Wisconsin bank, holding company consent to enforcement actions for ‘unsafe, unsound’ practices FDIC
[ October 1, 2026 ] Agency finally closes down troubled credit union after embezzlement charges; Alabama CU assumes members, savings, some assets NCUA
[ October 1, 2026 ] FDIC ends independent monitor brought on to ensure ‘workplace culture’ reforms after sexual harassment claims FDIC
[ October 1, 2026 ] ‘Living wills’ feedback letters published for 15 banking orgs; OCC votes against releasing one plan FDIC
[ October 1, 2026 ] Failed California bank will cost bank insurance fund $114 million FDIC

Bureau publishes HMDA small entity compliance guide reflecting recent changes to rules

January 24, 2020 0

An updated compliance guide to home mortgage disclosure rules – aimed at small entities – was released Friday by the federal consumer financial protection agency, which includes changes made to the rules last fall. The Consumer […]

With latest addition, new consumer bureau taskforce on federal consumer financial law has five members

January 17, 2020 0

Another member – William MacLeod – has been named to a taskforce formed recently by the consumer financial protection agency to review current laws and rules affecting consumer financial services, the bureau announced Friday, increasing […]

Bureau to survey banks on costs for providing info about credit extended to women, minority-owned small businesses

January 16, 2020 0

A “cost of compliance survey” developed to measure expenses related to collection of information about applications for credit made to financial institutions by women-owned, minority-owned, and small businesses will be released for comment by the […]

Survey shows most CFPB employees value their jobs and bureau’s mission; senior leaders’ policies, not so much

January 15, 2020 0

A high percentage of employees of the Consumer Financial Protection Bureau (CFPB) responding to the agency’s latest employee survey said they like the kind of work they do and that their work is important, but […]

Penalties will be more expensive in 2020 under inflation-adjusted schedules

January 13, 2020 0

Higher maximum amounts for civil money penalties (CMP), adjusted for inflation, will be in place after Jan. 15 by four federal financial institution regulators, the agencies said in separate notices to be published as early […]

Bank of America gets CFPB ‘no action letter’ on funding arrangements with housing counseling agencies

January 10, 2020 0

A no-action letter (NAL) issued Friday to Bank of America (BofA) by the federal consumer financial protection agency provides there will be no supervisory findings or enforcements issued regarding the bank’s funding arrangements with housing […]

CFPB opens application period for council memberships Monday

January 10, 2020 0

The federal agency charged with consumer financial protection will begin taking applications for membership on its consumer, community bank, credit union, and academic research councils Monday, according to a notice slated for Federal Register publication […]

Four members named to bureau taskforce on federal consumer financial law

January 9, 2020 0

Four members have been named to a new taskforce that will examine the existing legal and regulatory environment facing consumers and financial services providers and report findings to the director of the Consumer Financial Protection […]

CFPB, Utah AG to hold first joint Office Hours at month-end; is part of innovation network unveiled in September

January 9, 2020 0

A joint “office hours” to be held as part of the American Consumer Financial Innovation Network (ACFIN) is slated to be held Jan. 30 in Salt Lake City by the federal consumer protection agency and […]

Consumer bureau sues Monster Loans, student loan debt-relief operators over fair credit reporting violations, illegal fees

January 9, 2020 0

Several firms and individuals involved in offering student loan debt-relief services were sued Thursday by the Consumer Financial Protection Bureau (CFPB), which claims the parties illegally obtained consumer reports, charged at least $15 million in […]

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Wisconsin bank, holding company consent to enforcement actions for ‘unsafe, unsound’ practices

October 2, 2026 0

A Wisconsin bank’s holding company is now under an enforcement order issued Friday by the Federal Reserve for “unsafe and unsound” banking practices – about two months after another federal banking agency issued a similar order for the bank owned [...]
Agency finally closes down troubled credit union after embezzlement charges; Alabama CU assumes members, savings, some assets

October 1, 2026 0

A troubled Mississippi credit union was closed and its members and savings (shares) were assumed by an Alabama Credit Union, the federal regulator announced late Wednesday. Jackson Area Federal Credit Union (FCU), of Jackson Miss., was closed and its members [...]
FDIC ends independent monitor brought on to ensure ‘workplace culture’ reforms after sexual harassment claims

October 1, 2026 0

Workplace culture reforms spawned by allegations of sexual harassment at the federal bank deposit insurance agency will no longer be overseen by an independent monitor, the agency said late Wednesday, asserting that the monitor’s work had concluded. The Federal Deposit [...]
‘Living wills’ feedback letters published for 15 banking orgs; OCC votes against releasing one plan

October 1, 2026 0

Feedback letters from 15 banking organizations with more than $250 billion in assets on their resolution plans were published Sept. 29 by the Federal Reserve and the Federal Deposit Insurance Corp. (FDIC), the agencies said. However, the Office of the [...]
Failed California bank will cost bank insurance fund $114 million

October 1, 2026 0

A failed California bank that was closed Sept. 25 is estimated to cost the federal bank deposit insurance fund about $114 million, the insurance fund said agency. The bank reopened Sept. 28 as a branch of a Utah bank as [...]
Former teller leader prohibited for allegedly misappropriating nearly a quarter million dollars from cash dispenser machines

September 25, 2026 0

Misappropriation of about $246,000 from teller cash dispenser machines has led to the prohibition of a former teller supervisor of a bank in the Maryland suburbs of Washington, D.C., the Federal Reserve said Thursday. According to the agency, Renee Nicole [...]