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What's up
  • [ May 22, 2026 ] Proposal would subject stablecoin issuers supervised by FDIC to money laundering regs, others FDIC
  • [ May 21, 2026 ] Exec order: Treasury, FI regulators to eye BSA/AML, other rule changes to address ‘non-work authorized’ individuals CFPB
  • [ May 21, 2026 ] Fed moves forward on ‘payment account’ by issuing proposal; aims at ‘supporting innovation’ The Fed
  • [ May 20, 2026 ] Trump order focuses on getting financial regulators to help boost fintechs CFPB
  • [ May 20, 2026 ] Proposed changes to CAMELS aim to focus ratings on material risks; first big alterations in 30 years FDIC
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CFPB

Honda financing arm to pay $12.8 million in redress, penalty over credit reporting violations during COVID-19 pandemic

January 17, 2025 0

American Honda Finance Corporation was ordered Friday to pay $10.3 million in consumer redress plus a $2.5 million civil money penalty over findings of credit report furnishing inaccuracies and dispute investigation failures during the COVID-19 […]

CFPB

CFPB orders $6 million in redress, penalties for prison financial services firm JPay

October 19, 2021 0

A dominant provider of financial services to prisons and jails nationwide has been ordered to pay $4 million in consumer redress and a $2 million civil money penalty over allegations it charged people who were departing […]

CFPB

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 […]

CFPB

Settlement calls for $9.3 million in redress – but bureau shrinks that amount by 90%, adds $1

November 23, 2020 0

Misleading statements about what customers in an auto payment program would pay have earned the Florida company that ran the program and its owner a settlement with the consumer financial protection agency over charges of […]

CFPB

CFPB proposes $15 million penalty, plus redress, against Encore Capital Group and subsidiaries

October 15, 2020 0

A proposed stipulated final judgment and order filed Thursday by the federal consumer financial protection agency would impose a $15 million civil money penalty and require $79,308.81 in consumer redress against four firms over violations […]

CFPB

Nissan finance arm to pay up to $5 million in fine, redress over illegal collections, repo practices

October 14, 2020 0

A $4 million civil money penalty and up to $1 million in consumer redress must be paid by Nissan Motor Acceptance Corporation, an auto financing subsidiary of Nissan North America, Inc., under a consent order […]

CFPB

CFPB orders short-term lenders to pay $3.5 million in redress but allows reduction; cites deceptive, unfair acts

June 2, 2020 0

A consent order between the consumer financial protection agency and affiliated payday and auto-title lenders working in eight states imposes a judgment of about $3.5 million in consumer redress, but the settlement announced Tuesday provides […]

Today

  • Proposal would subject stablecoin issuers supervised by FDIC to money laundering regs, others

    May 22, 2026 0
    Stablecoin issuers supervised by the federal bank deposit insurance agency would be required to comply with anti-money laundering (AML) and other regulations under a proposal released Friday by the insurance agency. The Federal Deposit Insurance Corp. (FDIC) said the proposal, [...]
  • Exec order: Treasury, FI regulators to eye BSA/AML, other rule changes to address ‘non-work authorized’ individuals

    May 21, 2026 0
    The Treasury Department and federal financial institution regulators are charged in a recent executive order to take action aimed at mitigating potential credit risks post by the “non-work authorized population.” “My Administration will not tolerate national security and public safety [...]
  • Fed moves forward on ‘payment account’ by issuing proposal; aims at ‘supporting innovation’

    May 21, 2026 0
    Clearing and settling of payments is the aim of a proposed “payment account” by the Federal Reserve, which would be used by legally eligible financial institutions, the agency said late Wednesday. According to the Fed, under the proposal (which is [...]
  • Trump order focuses on getting financial regulators to help boost fintechs

    May 20, 2026 0
    A new executive order directs federal financial regulators within 90 days to conduct reviews of their rules, processes and other mechanisms that could be updated to facilitate innovation and improve the competitiveness of financial products and services for fintech firms, [...]
  • Proposed changes to CAMELS aim to focus ratings on material risks; first big alterations in 30 years

    May 20, 2026 0
    A revised regulatory ratings system for banks and credit unions will be available for public comment for 90 days, the regulators said late Wednesday as the proposed new scheme was unveiled. The ratings regiment – used by all federal financial [...]
  • Fed’s Powell named chair pro tempore pending swearing-in of Warsh

    May 18, 2026 0
    Federal Reserve Board governors on Friday voted to name Jerome (“Jay”) Powell as chair pro tempore, a designation that the Fed said will continue until Kevin Warsh is sworn in as new chair. That swearing in will reportedly occur Friday [...]

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