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What's up
  • [ February 13, 2026 ] FinCEN pares down beneficial ownership reporting requirements as effort to ‘modernize’ BSA Other
  • [ February 13, 2026 ] NCUA doubles max amount for newly chartered CU, urgent needs grants NCUA
  • [ February 13, 2026 ] Exam council shrinks uniform report peer groups from 12 to three for smaller banks Other
  • [ February 13, 2026 ] Whistleblowers on BSA, sanctions can use new website; Treasury tightens scrutiny on MSBs Other
  • [ February 12, 2026 ] Agencies release stress test scenarios with 28 variables for ’26; submissions due by April 5 FDIC
Homedebt relief

debt relief

CFPB

North of $22 million to be shared with consumers harmed by debt relief firm, agency asserts

May 5, 2023 0

More than $22 million will be distributed to about 6,500 consumers who were allegedly harmed by a Maryland-based debt relief and credit repair company, the federal consumer financial protection agency said Friday. In a post […]

No Picture
CFPB

Bureau levies $11 million in redress, fines against consumer, student-loan debt-relief payment processors

May 11, 2022 0

$11 million in consumer redress and civil money penalties were assessed Wednesday against debt-relief payment processors, and co-founders of one of the firms, the federal consumer financial protection agency said Wednesday. In a release, the […]

CFPB

Bureau seeks to ban firm for alleged deceptive debt relief, credit repair services

June 29, 2021 0

Charging deceptive debt relief and credit repair services, a Maryland-based financial firm faces a lawsuit by the federal consumer financial protection agency, which seeks to ban the firm from the financial services industry and impose […]

CFPB

Bureau files against debt-relief and debt-settlement firms, owner; alleges illegal advance fees, deceptive tactics

November 6, 2020 0

A complaint against a debt-relief firm, debt-settlement firm, and the owner of both was filed Thursday by the Consumer Financial Protection Bureau (CFPB), which alleges one of the firms and the owner charged illegal advance […]

Seminar
CFPB

Bureau schedules ‘convening’ on debt relief next month

February 6, 2020 0

A day-long, public session on consumer debt relief will be held March 10 in Washington by the Consumer Financial Protection Bureau (CFPB), according to a “save the date” notice on the bureau’s website. This so-called […]

CFPB

Bureau charges largest debt settlement service with deceiving consumers

November 9, 2017 0

Deceiving consumers, including charging them without settling their debts as promised, are among several charges brought against the nation’s largest debt settlement services provider in a lawsuit brought Wednesday by the Consumer Financial Protection Bureau […]

CFPB

Bureau sues debt relief companies for claim of federal affiliation

October 12, 2017 0

Two debt relief companies that allegedly claimed falsely that they are affiliated with the federal government were sued Thursday by the Consumer Financial Protection Bureau (CFPB). The bureau also alleged that the companies falsely promised […]

Today

  • FinCEN pares down beneficial ownership reporting requirements as effort to ‘modernize’ BSA

    February 13, 2026 0
    A requirement to identify and verify the beneficial owners of a legal entity customer each time the customer opens a new account has been removed for some banks by the Treasury’s financial crimes enforcement arm, it said Friday. The order [...]
  • NCUA doubles max amount for newly chartered CU, urgent needs grants

    February 13, 2026 0
    The federal credit union regulator is increasing its maximum award amount for grants available to low-income-designated credit unions from $7,500 to $15,000, the agency said Friday. The newly chartered and urgent needs grants come from the Community Development Revolving Loan [...]
  • Exam council shrinks uniform report peer groups from 12 to three for smaller banks

    February 13, 2026 0
    Banking industry consolidation leading to disappearing peer groups for bank examination purposes has led to changes to uniform performance reports by the umbrella group for federal financial regulators, the agency said Friday. The Federal Financial Institution Examination Council (FFIEC) said [...]
  • Whistleblowers on BSA, sanctions can use new website; Treasury tightens scrutiny on MSBs

    February 13, 2026 0
    Tips involving violations and conspiracies related to the Bank Secrecy Act (BSA), U.S. sanctions programs, and several other laws affecting financial system security may be entered through a new whistleblower website announced Friday by the Treasury’s financial crimes enforcement arm. [...]
  • Agencies release stress test scenarios with 28 variables for ’26; submissions due by April 5

    February 12, 2026 0
    Stress test scenarios for banks with $250 billion or more in assets were released Thursday by two federal banking regulators, with submissions due by April 5 and public release of the results required between June 15 and July 15. In [...]
  • Former bank employee barred for taking customer funds

    February 12, 2026 0
    A former relationship banker at Regions Bank, Birmingham, Ala., is barred from any future work in federally insured depository institutions under a February consent order with the Federal Reserve Board. The Fed, in the order released Thursday, said that Nicole [...]
  • Late to the game, credit union regulator issues proposal to allow for stablecoin issuers under GENIUS

    February 11, 2026 0
    Credit unions that want to become “permitted payment stablecoin issuers” will get that opportunity under a rule proposed Wednesday by their federal regulator, lagging other federal supervisors. The National Credit Union Administration (NCUA) said the proposal implements provisions of the [...]
  • Latest deregulation proposal would ease credit unions’ path to convert to mutual savings bank

    February 10, 2026 0
    Credit unions would have an easier path to convert to mutual savings banks (MSBs), and other changes, under the latest round of deregulation proposed by their federal regulator Tuesday. The National Credit Union Administration (NCUA), in what it said is [...]
  • FDIC gives more time to comment on GENIUS Act rule proposal

    February 10, 2026 0
    The comment period on a proposed rule issued setting procedures for insured, state-chartered nonmember banks or savings associations to seek federal approval to issue stable coins through a subsidiary is extended to May 18, the federal deposit insurer said. The [...]

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