illegal fees – Regulatory Report

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[ April 6, 2026 ] Reputation risk ban final rule, proposal on stablecoins requirements set for consideration by FDIC FDIC
[ April 3, 2026 ] Former banker prohibited after theft of funds used to replenish ATMs The Fed
[ April 3, 2026 ] One-member NCUA Board to hear briefings on several subjects – but take no action NCUA
[ April 3, 2026 ] CRA ratings list includes 3 banks deemed ‘outstanding,’ FDIC info shows FDIC
[ April 2, 2026 ] Comptroller promotes two to positions overseeing bank chartering, policies activities OCC

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 […]

Reputation risk ban final rule, proposal on stablecoins requirements set for consideration by FDIC

April 6, 2026 0

A final rule on banning use of reputation risk by itself as a regulator and a stablecoins proposed rule and is on the agenda for the board of the federal bank deposit insurance regulator for Tuesday, the agency said late [...]
Former banker prohibited after theft of funds used to replenish ATMs

April 3, 2026 0

A former North Carolina banker was prohibited after pleading guilty to alleged embezzlement of more than $33,000, the Federal Reserve said Friday. In a release, the Fed said Mollie Morrow, a former sales representative for United Bank in Washington, N.C., [...]
One-member NCUA Board to hear briefings on several subjects – but take no action

April 3, 2026 0

Brokered and reciprocal deposits, and a deregulation plan, are on the agenda for a meeting of the one-member board of the federal credit union regulator set for April 9, the agency said late Thursday. The National Credit Union Administration (NCUA) [...]
CRA ratings list includes 3 banks deemed ‘outstanding,’ FDIC info shows

April 3, 2026 0

Three banks rated “outstanding” and 35 deemed “satisfactory” for their performance under the anti-redlining Community Reinvestment Act (CRA) were on the latest list of banks rated by the Federal Deposit Insurance Corp. (FDIC) in January. The list, released Friday, shows [...]