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What's up
  • [ April 1, 2026 ] Comptroller withdraws guidelines on recovery planning for larger banks; cites achieving goal of erasing ‘unnecessary regulatory burden’ OCC
  • [ April 1, 2026 ] TIL, EFT, flood insurance lead FDIC consumer compliance supervisory highlights; EFT moves higher in list FDIC
  • [ April 1, 2026 ] Bank trading revenue at $14.9 billion in Q4 2025, OCC says; down from Q3 and from year ago OCC
  • [ April 1, 2026 ] 4 banks rated ‘outstanding’ for CRA, OCC says; other 14 are ‘satisfactory’ OCC
  • [ April 1, 2026 ] Two former credit union workers prohibited after convictions for fraud, theft NCUA
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Telemarketing Sales Rule

CFPB

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 […]

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CFPB

Software firm faces lawsuit for allegedly helping credit repair companies charge illegal fees

September 20, 2021 0

A California-based software company that helps credit repair businesses allegedly charge illegal fees now faces a lawsuit from the federal consumer financial protection agency for harming consumers and violating federal telemarketing sales rules, the agency […]

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

Debt settlement firm said to have steered customers to affiliates would pay $1.4 million under proposed deal with CFPB

April 13, 2021 0

A California-based, online debt settlement company would pay $646,000 in redress to consumers and a $750,000 civil money penalty related to allegations the firm violated the Consumer Financial Protection Act and the Telemarketing Sales Rule […]

CFPB

Bureau files against debt-relief and debt-settlement firms, owner; alleges illegal advance fees, deceptive tactics

November 6, 2020 0

A complaint against a debt-relief firm, debt-settlement firm, and the owner of both was filed Thursday by the Consumer Financial Protection Bureau (CFPB), which alleges one of the firms and the owner charged illegal advance […]

CFPB

Consumer bureau sues Monster Loans, student loan debt-relief operators over fair credit reporting violations, illegal fees

January 9, 2020 0

Several firms and individuals involved in offering student loan debt-relief services were sued Thursday by the Consumer Financial Protection Bureau (CFPB), which claims the parties illegally obtained consumer reports, charged at least $15 million in […]

Today

  • Comptroller withdraws guidelines on recovery planning for larger banks; cites achieving goal of erasing ‘unnecessary regulatory burden’

    April 1, 2026 0
    Recovery planning guidelines will be rescinded for some large banks under a final rule issued Wednesday by the national bank regulator. The rule takes effect 30 days after its publication in the Federal Register, the Office of the Comptroller of [...]
  • TIL, EFT, flood insurance lead FDIC consumer compliance supervisory highlights; EFT moves higher in list

    April 1, 2026 0
    Violations of truth-in-lending, electronic fund transfer and flood insurance regulations were among the top consumer regulatory abuses reported by bank in 2025, the federal bank deposit insurance agency said Wednesday. In its semi-annual report on consumer compliance supervision for last [...]
  • Bank trading revenue at $14.9 billion in Q4 2025, OCC says; down from Q3 and from year ago

    April 1, 2026 0
    U.S. commercial banks had $14.9 billion in cumulative trading revenue in the fourth quarter of 2025 – down $2.9 billion, or 16.3%, from the previous quarter and $680 million, or 4%, from a year earlier, the Office of the Comptroller [...]
  • 4 banks rated ‘outstanding’ for CRA, OCC says; other 14 are ‘satisfactory’

    April 1, 2026 0
    Four of the 18 banks that received Community Reinvestment Act (CRA) evaluation ratings in March from the national bank regulator were deemed “outstanding,” with the remaining 14 rated “satisfactory,” according to information released Wednesday. The four “outstanding” ratings under the [...]
  • Two former credit union workers prohibited after convictions for fraud, theft

    April 1, 2026 0
    Theft and bank fraud convictions has led to the prohibition of two former credit union workers, the federal agency announced Tuesday. The National Credit Union Administration (NCUA) said Jacqueline Burns, former employee of Galveston Government Employees Credit Union in La [...]
  • Limits on credit union car loan participations eliminated under latest dereg proposal

    March 24, 2026 0
    No limits on purchase or participation in indirect auto loans serviced by a third party would be imposed on credit unions under a proposal issued by their federal regulator Tuesday. In its so-called “eighth round” of deregulation proposals, the National [...]

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