21sept29 – Regulatory Report

What's up

[ January 14, 2026 ] Economic activity picks up – but so do prices, as higher income buyers indulge, but lower income purchasers ‘price sensitive’ The Fed
[ January 14, 2026 ] FinCEN, Treasury attempt to clarify order aimed at Minnesota banks over fraud claims with FAQs Other
[ January 13, 2026 ] NCUA proposes 4 rule rescissions addressing nondiscrimination, service to underserved areas, more NCUA
[ January 13, 2026 ] Hill sworn in for 5-year term as FDIC chairman, removing ‘acting’ from title FDIC
[ January 13, 2026 ] Noting filing season for HMDA data is open, Bureau notes ‘timely’ deadline of March 2 for submissions and tips CFPB

CFPB: Credit card debt dropped, digital engagement rose during pandemic; bureau looking to issuers for continued service improvements

September 29, 2021 0

Growth in the consumer credit card market in recent years reversed itself in 2020, with credit card debt falling to $811 billion by the second quarter of 2020 from a 2019 peak of $926 billion […]

Alert puts credit unions on notice: submissions to CFPB’s ‘Collect’ website can be made now (and note those deadlines)

September 29, 2021 0

Credit unions may begin submitting data on credit card agreements with their members, and applying data submission requirements, to the federal consumer financial protection agency’s website for collecting credit card information, the National Credit Union […]

Economic activity picks up – but so do prices, as higher income buyers indulge, but lower income purchasers ‘price sensitive’

January 14, 2026 0

Economic activity picked up over the last month – but so did prices, according to the latest gauge of the economy published Wednesday by the Federal Reserve. In its latest Beige Book, the Fed noted that overall economic activity rose [...]
FinCEN, Treasury attempt to clarify order aimed at Minnesota banks over fraud claims with FAQs

January 14, 2026 0

“Frequently asked questions” (FAQs) about the order aimed at Minnesota financial institutions were released late Tuesday by the Treasury Departments anti-financial crimes arm. The FAQs address the “Geographic Targeting Order” (GTO) issued Jan. 9 by the Treasury, the Financial Crimes [...]
NCUA proposes 4 rule rescissions addressing nondiscrimination, service to underserved areas, more

January 13, 2026 0

One rule and three interpretive rulings the agency considers to be obsolete and duplicative are slated for rescission in its third round of its deregulation proposals, it said Tuesday. The National Credit Union Administration (NCUA) last year announced a regulatory [...]
Hill sworn in for 5-year term as FDIC chairman, removing ‘acting’ from title

January 13, 2026 0

Removing the “acting” from his name, Travis Hill was sworn in as the 23rd chairman of the board of the federal deposit insurance agency Tuesday, the agency said. He was confirmed by the Senate to the position Dec. 18. He [...]
Noting filing season for HMDA data is open, Bureau notes ‘timely’ deadline of March 2 for submissions and tips

January 13, 2026 0

Submission of Home Mortgage Disclosure Act (HMDA) data will be considered “timely” if received by March 2, the federal consumer financial protection agency reminded Tuesday. In a message to financial institutions and other lenders, the Consumer Financial Protection Bureau (CFPB) [...]
CFPB, DOJ team up to allow discrimination of some credit applicants based on their immigration, citizenship status

January 12, 2026 0

A credit applicant’s immigration or citizenship status will be considered when determining what rights they have under federal regulations with respect to repayment, the federal consumer financial protection agency said Monday, overturning a policy adopted in 2023. According to the [...]
Credit risk ‘remains moderate’ for large, syndicated bank loans, annual report finds

January 12, 2026 0

Credit risk associated with large, syndicated bank loans remains moderate, which includes a decrease in the percentage of loans that deserve management’s close attention, according to a report issued Monday by federal banking agencies. According to the three agencies, the [...]