“Giving the runaround” to homeowners seeking options to save their homes is cited as the impetus behind a $28.8 million order by the CFPB to two mortgage servicing subsidiaries of one of the nation’s largest […]
A freeze on new regulation that could affect a number of pending rules recently issued by federal financial institution regulators was signed by President Donald Trump Friday evening. The freeze requires that new rules that […]
Comptroller of the Currency Rules Economic Growth and Regulatory Paperwork Reduction Act Amendments Filed on: 01/19/2017 at 08:45 am; Scheduled Pub. Date: 01/23/2017; FR Document: 2016-30502; PDF 126 Pages (554 KB) Permalink Federal Deposit Insurance […]
TCF National Bank, a Minnesota-based bank with operations in seven states, was sued today by the CFPB for allegedly “tricking consumers” into costly overdraft services and fees. In its filing, CFPB claimed that TCF designed […]
Proposals on “alternative capital” and adjustments for inflation to civil money penalties were issued for comment by the NCUA Board at its Thursday meeting, in a short but significant session. In issuing an “Advanced Notice […]
The following items are scheduled for publication in the Federal Register Monday, Jan. 23: Comptroller of the Currency Rules Economic Growth and Regulatory Paperwork Reduction Act Amendments Filed on: 01/19/2017 at 08:45 am; Scheduled Pub. […]
Bureau of Consumer Financial Protection Notice Compliance Bulletins: Detecting and Preventing Consumer Harm From Production Incentives FR Document: 2017-01021; Citation: 82 FR 554; PDF; Pages 5541-5543 (3 pages) Permalink Comptroller of the Currency Rule Community […]
A lawsuit against the nation’s largest servicer of federal and private student loans – charging the group “systematically and illegally” failed borrowers at every stage of repayment – has been filed by the CFPB, seeking […]
National banks and savings associations in the District of Columbia may close (at their discretion) for the Presidential Inauguration on Friday (Jan. 20), the OCC proclaimed this week. The agency said it was taking the […]
“Production incentives” are the topic of a compliance bulletin published today by the CFPB, which highlights examples where incentives “contributed to substantial consumer harm” and which describes compliance management steps CFPB-supervised entities should take to […]
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