illegal fees – Regulatory Report

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[ May 4, 2026 ] Closed Georgia bank held substantial sum of uninsured deposits, agency indicates FDIC
[ May 4, 2026 ] Six banks earn ‘outstanding’ ratings for CRA rules compliance OCC
[ April 27, 2026 ] UPDATED: OCC asserts preemption of disputed Illinois interchange fee law OCC
[ April 23, 2026 ] Agencies finalize lower community bank leverage ratio; no changes from last fall’s proposal FDIC
[ April 23, 2026 ] Higher interest rate risk top hazard for banks in 2025; CRE showed continued weakness FDIC

CFPB, 7 state AGs sue firm that allegedly collected more than $100 million from consumers in illegal, up-front fees for debt relief services

January 19, 2024 0

A firm called Strategic Financial Solutions (SFS), its shell companies and two key architects of a scheme that amassed the firms allegedly more than $100 million in illegal advance fees from consumers are being sued […]

CFPB seeks $5.4 million in consumer redress, $1 fine from MA debt settlement firm

May 17, 2021 0

A debt collection firm in Massachusetts would be required to pay $5.4 million in consumer redress and a $1 civil money penalty under a settlement proposed Monday by the Consumer Financial Protection Bureau (CFPB). The […]

Closed Georgia bank held substantial sum of uninsured deposits, agency indicates

May 4, 2026 0

No reason for the closure of a Georgia bank on Friday was released by the federal bank deposit insurance agency, except to note that the bank held a substantial sum (relative to its total deposits) in uninsured deposits, according to [...]
Six banks earn ‘outstanding’ ratings for CRA rules compliance

May 4, 2026 0

Six banks earned ratings of “outstanding” – out of 21 banks evaluated — for their compliance with rules implementing anti-redlining laws, according to April performance evaluations released Monday by the national bank regulator. The remaining 15 banks earned ratings of [...]
UPDATED: OCC asserts preemption of disputed Illinois interchange fee law

April 27, 2026 0

Updated to provide deadline for comments. Two interim final actions aimed at preempting an Illinois statute governing non-interest charges and fees, including interchange fees on the tax and tip portion of credit card transactions, were issued by the national bank [...]