CFPB – Regulatory Report

What's up

[ March 28, 2025 ] CRA resumes six-year ping-pong role as banking agencies announce intent to rescind latest version adopted two years ago FDIC
[ March 28, 2025 ] CFPB ‘will not prioritize’ enforcement, supervision of payday rule penalty limits CFPB
[ March 28, 2025 ] Calling past crypto approach ‘flawed,’ FDIC gives banks green light on ‘permissible’ activities FDIC
[ March 28, 2025 ] Bureau moves to vacate settlement over ‘redlining’ against small firm CFPB
[ March 27, 2025 ] OCC leader names office housing financial inclusion efforts OCC

CFPB ‘will not prioritize’ enforcement, supervision of payday rule penalty limits

March 28, 2025 0

Penalties or fines related to the payment withdrawal and payment disclosure provisions of the agency ‘s 2017 payday rule will not be an enforcement or supervision priority of the Consumer Financial Protection Bureau (CFPB) beginning […]

Bureau moves to vacate settlement over ‘redlining’ against small firm

March 28, 2025 0

Calling it a “harassment saga,” the consumer financial protection agency moved March 26 to vacate a 2024 settlement reached between it and a firm it previously alleged had violated the Equal Credit Opportunity Act and […]

Trump, in executive order, asserts control over all agencies, including ‘so-called independent’ ones

February 19, 2025 0

The heads of federal agencies and departments can expect to see guidance from the Office of Management and Budget (OMB) in the near future on implementation of a new executive order that seeks to ensure […]

Trump’s 10-for-1 deregulation order specifies executive agencies, though others may fall in line

February 5, 2025 0

An executive order issued last week by President Donald J. Trump (R) requires executive departments and agencies to identify at least 10 existing rules to be repealed for every new one they propose, though it […]

Another freeze on regulations ordered by Trump, pending rule review by his appointees

January 21, 2025 0

No new rules – “in any manner” – may be proposed or adopted by federal regulators, including those overseeing financial institutions until those rules are reviewed and approved by an agency head appointed or designated […]

Jonathan McKernan, recently resigned from FDIC, is nominated to head CFPB

February 12, 2025 0

One day after he posted on a social media site that he had resigned his post from one agency board, Jonathan McKernan was nominated by President Donald Trump (R) to a five-year term as head […]

Reports: CFPB’s newest acting director shutters HQ for a week; employees union sues

February 10, 2025 0

As an employees union pursues a lawsuit against Consumer Financial Protection Bureau (CFPB) leadership over an ordered halt to enforcement work and a one-week closure of its headquarters, the agency’s website, despite scattered reports to […]

UPDATED: Treasury Secretary takes reins at CFPB after previous director fired; all work stopped

February 3, 2025 0

In 24 words, the new acting director of the federal consumer financial protection agency Monday outlined his approach to leading the agency on a part-time basis – as he also remained secretary of the Treasury. […]

CFPB publishes annual list of consumer reporting companies, large and small

January 30, 2025 0

An updated list identifying dozens of specialty consumer reporting companies as well as the three nationwide firms – Equifax, TransUnion, and Experian – was released Thursday by the Consumer Financial Protection Bureau (CFPB), along with […]

Military borrowers for cars pay more, longer, report asserts

January 30, 2025 0

Military borrowers typically have larger loans, make smaller down payments, and ultimately shoulder higher monthly costs in the car-lending market, the federal consumer financial protection agency said Wednesday. In a report, the Consumer Financial Protection […]

1 2 3 … 134 »

CRA resumes six-year ping-pong role as banking agencies announce intent to rescind latest version adopted two years ago

March 28, 2025 0

The regulation implementing anti-redlining laws will change for a third time in the last six years, according to the federal banking regulators who have agreed to rescind the latest changes adopted in 2023, the agencies said Friday. In joint releases, [...]
CFPB ‘will not prioritize’ enforcement, supervision of payday rule penalty limits

March 28, 2025 0

Penalties or fines related to the payment withdrawal and payment disclosure provisions of the agency ‘s 2017 payday rule will not be an enforcement or supervision priority of the Consumer Financial Protection Bureau (CFPB) beginning March 30, when the rule [...]
Calling past crypto approach ‘flawed,’ FDIC gives banks green light on ‘permissible’ activities

March 28, 2025 0

Banks may “engage in permissible crypto-related activities” without receiving prior approval from the federal bank deposit insurance agency, it said in a financial institution letter (FIL) issued Friday. The guidance provided by the Federal Deposit Insurance Corp. (FDIC) essentially mirrors [...]
Bureau moves to vacate settlement over ‘redlining’ against small firm

March 28, 2025 0

Calling it a “harassment saga,” the consumer financial protection agency moved March 26 to vacate a 2024 settlement reached between it and a firm it previously alleged had violated the Equal Credit Opportunity Act and its regulation B. The Consumer [...]
OCC leader names office housing financial inclusion efforts

March 27, 2025 0

The national banking regulator’s financial inclusion program – dubbed Project REACh (Roundtable for Economic Access and Change) – is now under the umbrella of the Office of External Relationships and Strategic Partnerships, the agency’s acting leader said in a speech [...]
$25.4 million TX credit union returned to members’ control

March 27, 2025 0

A small federal credit union that was placed into conservatorship in January 2023, and which apparently has a new management team in place, has been returned to the control of its members, its federal regulator said Wednesday. Valwood Park Federal [...]