illegal fees – Regulatory Report

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[ June 1, 2026 ] Bad loans led to ‘significant’ losses, and capital corrosion, in failure of Chicago bank at year’s start NCUA
[ June 1, 2026 ] New senior deputy comptroller at OCC for regional, midsize banks OCC
[ June 1, 2026 ] Latest list of OCC’s CRA ratings includes 9 banks ‘outstanding,’ 9 ‘satisfactory’ OCC
[ May 29, 2026 ] Former CEO of failed $1 billion credit union prohibited by agency following 2018 conviction NCUA
[ May 29, 2026 ] 210 banks slated for CRA exams by FDIC over next two quarters 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 […]

Bad loans led to ‘significant’ losses, and capital corrosion, in failure of Chicago bank at year’s start

June 1, 2026 0

Bad loans resulting in “significant” losses and thus the deterioration of the capital of a Chicago bank led it to become the first to fail in 2026, the federal deposit insurance agency said Monday. The office of inspector general (OIG) [...]
New senior deputy comptroller at OCC for regional, midsize banks

June 1, 2026 0

Benjamin Eddy is the senior deputy comptroller for regional and midsize financial institutions for the Office of the Comptroller of the Currency (OCC), the agency announced Monday. In that role, Eddy oversees the supervision of national banks and federal savings [...]
Latest list of OCC’s CRA ratings includes 9 banks ‘outstanding,’ 9 ‘satisfactory’

June 1, 2026 0

Half of the 18 banks whose ratings under the anti-redlining Community Reinvestment Act (CRA) became public in May were deemed “outstanding,” information released by the national bank regulator Monday shows. The other nine banks, the list from Office of the [...]
Former CEO of failed $1 billion credit union prohibited by agency following 2018 conviction

May 29, 2026 0

The former chief executive officer of a now-closed New York credit union has been prohibited from future service (becoming an “institution-affiliated party”) at any federally insured financial institution, the federal regulator said Friday. Alan S. Kaufman, the former CEO of [...]
210 banks slated for CRA exams by FDIC over next two quarters

May 29, 2026 0

The federal bank deposit insurer has slated 210 banks for examinations under the anti-redlining Community Reinvestment Act (CRA) over the next two quarters, according to information released Friday by the agency. The Federal Deposit Insurance Corp. (FDIC), in a release, [...]