CFPB

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[ April 17, 2024 ] False claims about student loan costs, graduate hiring rates lead to action against for-profit school, CEO CFPB
[ April 17, 2024 ] ‘Cautiously optimistic’ economic outlook noted in latest Beige report The Fed
[ April 16, 2024 ] Cross-border resolution planning topic for U.S., European regulators with eye toward GSIBs FDIC
[ April 16, 2024 ] Final, procedural rule aims to streamline process for designations of nonbanks CFPB
[ April 16, 2024 ] FDIC panel on community banking meets May 2 FDIC

Asserting leadership (and picking battles), new consumer bureau director unplugs name change plan of predecessor

December 19, 2018 0

Possibly in a move to pick her battles, the new director of the federal consumer financial protection agency Wednesday told her staff that she was pulling the plug on a name change instituted by her […]

Volcker Rule proposal eases restrictions on community banks, per EGRRCPA; Gruenberg takes cautionary view

December 18, 2018 0

A proposel to ease Volcker Rule restrictions on community banks’ proprietary trading consistent with this year’s financial regulatory relief law was issued Tuesday by the Federal Deposit Insurance Corp. (FDIC) Board, but not before one […]

Study identifies eight key findings for financial well-being in older Americans

December 14, 2018 0

Older adults who save money and engage in day-to-day money management – as well as those who set financial goals, consult a budget and prepare action plans — have greater financial well-being than those who […]

Waters pans BCFP for poor transparency on banks’ fees to students

December 12, 2018 0

The federal consumer financial protection agency drew fresh criticism Wednesday for a lack of transparency regarding large banks’ “excessive fees” charged to students in a statement from Rep. Maxine Waters, D-Calif., who is poised to […]

Regulators lose ground in ‘best work places’ scores; BCFP has second-biggest, one-year decline (and second-lowest overall)

December 12, 2018 0

Three of the five federal financial institution regulatory agencies saw their “employee engagement scores” drop this year from 2017 levels, with the consumer financial protection agency seeing the biggest decline, more than 25 points, according […]

Mulvaney commends Kraninger’s confirmation

December 11, 2018 0

The former acting director of the consumer financial protection bureau, John (“Mick”) Mulvaney, commended Kathleen (“Kathy”) Kraninger’s confirmation to a five-year term as bureau director in a statement posted online and dated Tuesday. Kraninger was […]

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False claims about student loan costs, graduate hiring rates lead to action against for-profit school, CEO

April 17, 2024 0

Deceiving students about the cost of loans and making false claims about graduates’ hiring rates have led to a consent order and a civil money penalty (CMP) against a San Francisco-based, for-profit vocational school and its CEO, the federal consumer [...]
‘Cautiously optimistic’ economic outlook noted in latest Beige report

April 17, 2024 0

Mixed results on consumer spending, “roughly flat” bank lending and some increases in residential construction and tourism were noted by the Federal Reserve in its April Beige Book report on economic conditions. The report is based on information collected on [...]
Cross-border resolution planning topic for U.S., European regulators with eye toward GSIBs

April 16, 2024 0

A coordination exercise of cross-border resolution planning among regulators and supervisors from the U.S., the United Kingdom (UK) and the European Banking Union (EBU) is set for Saturday, the federal bank deposit insurance agency said Tuesday. The conference, the Federal [...]
Final, procedural rule aims to streamline process for designations of nonbanks

April 16, 2024 0

Procedures for designating a nonbank for supervision by the federal consumer financial protection agency were updated Tuesday, the agency said, and will streamline the process for both it and the nonbanks. The Consumer Financial Protection Bureau (CFPB) said the final, [...]
FDIC panel on community banking meets May 2

April 16, 2024 0

The federal bank deposit insurer’s Advisory Committee on Community Banking is set to meet publicly May 2 on issues of interest to community banks, according to a notice in Tuesday’s Federal Register. The Federal Deposit Insurance Corp. (FDIC) notice says [...]
CFPB’s community bank panel to meet April 30

April 16, 2024 0

A public meeting of its Community Bank Advisory Council (CBAC) is slated for April 30 from 1-3:30 p.m. Eastern, the Consumer Financial Protection Bureau (CFPB) said in a notice posted online and in Tuesday’s Federal Register. The bureau said the [...]
Rising use of fraud related to counterfeit passport cards impels notice to banks to be on alert

April 15, 2024 0

Fraud schemes related to the use of counterfeit U.S. passport cards has prompted a notice to financial institutions from the Treasury’s financial crimes enforcement unit, the agency said in a notice issued Monday. According to the Financial Crimes Enforcement Network [...]

Asserting leadership (and picking battles), new consumer bureau director unplugs name change plan of predecessor

Volcker Rule proposal eases restrictions on community banks, per EGRRCPA; Gruenberg takes cautionary view

Study identifies eight key findings for financial well-being in older Americans

Waters pans BCFP for poor transparency on banks’ fees to students

Regulators lose ground in ‘best work places’ scores; BCFP has second-biggest, one-year decline (and second-lowest overall)

Mulvaney commends Kraninger’s confirmation

New Consumer Bureau director will launch ‘listening tour’; vows to use enforcement powers

UPDATED: ‘No-action’ letter, ‘reg sandbox’ proposals draw fast criticism from incoming Democrat

Kraninger sworn in as 3rd director of BCFP

Proposal for Reg CC inflation adjustments in Federal Register

False claims about student loan costs, graduate hiring rates lead to action against for-profit school, CEO

‘Cautiously optimistic’ economic outlook noted in latest Beige report

Cross-border resolution planning topic for U.S., European regulators with eye toward GSIBs

Final, procedural rule aims to streamline process for designations of nonbanks

FDIC panel on community banking meets May 2

CFPB’s community bank panel to meet April 30

Rising use of fraud related to counterfeit passport cards impels notice to banks to be on alert