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What's up
  • [ September 11, 2025 ] FDIC seeking comments on proposed AML/CFT burden survey meant for use by all federal bank, CU regulators FDIC
  • [ September 10, 2025 ] Banking agencies slate Oct. 30 outreach meeting on EGRPRA reg review FDIC
  • [ September 9, 2025 ] OCC names two to new positions – one aimed at ‘elevating’ chartering function OCC
  • [ September 9, 2025 ] Disrupting, detecting ‘financially motivated sextortion’ is target of notice Other
  • [ September 8, 2025 ] Bulletins aim to ‘end weaponization of financial system’ by curbing ‘politicized, unlawful debanking’ OCC
Homerepossessions

repossessions

CFPB

Action against ‘repeat offender’ Fifth Third Bank seeks $20 million in redress for auto repos, opening fake accounts

July 9, 2024 0

Alleged wrongful triggering of auto repossessions, and purported opening of fake bank accounts, has led Tuesday to the federal consumer financial protection agency to seek $20 million in penalties from one of the nation’s largest […]

No Picture
CFPB

Wrongful car seizures, breakdowns in credit report disputes among ‘highlights’ for 2nd half of ‘21

May 2, 2022 0

Wrongful car repossessions and breakdowns in credit report disputes are among the key findings in a report released Monday by the federal consumer financial protection agency on legal violations identified during supervisory examinations in the […]

CFPB

Bureau issues second warning in week that it is closely watching auto lending, repossessions

February 28, 2022 0

Improper, illicit auto repossessions are the target of a compliance bulletin issued Monday by the federal consumer financial protection agency, which outlines conduct the agency has observed in exams; the agency also said it is […]

Today

  • FDIC seeking comments on proposed AML/CFT burden survey meant for use by all federal bank, CU regulators

    September 11, 2025 0
    The costs to depository institutions of complying with Bank Secrecy Act (BSA) anti-money laundering and countering the financing of terrorism (AML/CFT) requirements are sought in an agency information collection proposed for Office of Management and Budget (OMB) approval, according to [...]
  • Banking agencies slate Oct. 30 outreach meeting on EGRPRA reg review

    September 10, 2025 0
    Those interested in airing their views on federal banking regulators’ work considering what regulations might be deemed “outdated” or otherwise “unnecessary” can do so during an Oct. 30 outreach meeting in Kansas City, Mo., the agencies said. The agencies’ release [...]
  • OCC names two to new positions – one aimed at ‘elevating’ chartering function

    September 9, 2025 0
    A new principal deputy chief counsel and a new top executive for chartering – a move that “elevates” the chartering function – were announced Tuesday by the national bank regulator. The Office of the Comptroller of the Currency (OCC) said [...]
  • Disrupting, detecting ‘financially motivated sextortion’ is target of notice

    September 9, 2025 0
    Helping financial institutions detect and disrupt financially motivated sextortion is the aim of a notice issued Monday by the Treasury’s anti-financial crimes arm. The Financial Crimes Enforcement Network (FinCEN) said the notice “underscores the importance of suspicious activity reporting (SAR) [...]
  • Bulletins aim to ‘end weaponization of financial system’ by curbing ‘politicized, unlawful debanking’

    September 8, 2025 0
    Eliminating “politicized or unlawful debanking” in the federal banking system is the subject of two bulletins issued Monday by the national bank regulator in an effort, the agency said, to “end the weaponization of the financial system.” That is, if [...]
  • FinCEN revises SW border targeting order, raising threshold for CTR reports

    September 8, 2025 0
    A reissued geographic targeting order (GTO), revised from March, increases the dollar threshold to $1,000 for cash transactions that certain money services businesses (MSB) must report on currency transaction reports (CTRs), Treasury’s financial crimes enforcement arm said Monday. The change [...]

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