CFPB

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[ November 14, 2024 ] Fed’s Kugler becomes latest board member to advocate for continued agency independence The Fed
[ November 14, 2024 ] VA firm must pay $3 million for taking funds, blocking accounts to pay for prisoner basic needs CFPB
[ November 14, 2024 ] OIG sets 4 recommendations for NCUA’s federal chartering process NCUA
[ November 14, 2024 ] Small FL credit union conserved NCUA
[ November 13, 2024 ] PA bank failure, first of year, came from reclassified debt securities, dysfunctional management, report finds FDIC

EGRRCPA has spurred 35 actions by regulators so far, more than half during past six weeks

September 25, 2018 0

Federal financial institution regulators have taken at least 35 individual public actions since late May to put into effect the new regulatory relief legislation, according to a compilation of the actions by Regulatory Report. According […]

UPDATED/THIS WEEK: FOMC rate hike possible, BCFP councils meet, Powell talks economy

September 24, 2018 0

The coming week brings a mix of developments related to federal banking regulation and policy, including another potential rate hike from the Fed, consumer bureau advisory council meetings (the first held since the panels were […]

BCFP to open southeast regional office in Atlanta; move expected late 2019

September 21, 2018 0

The Bureau of Consumer Financial Protection (BCFP, formerly known as CFPB) is planning to move its southeast regional team out of the bureau’s Washington, D.C., headquarters and to Atlanta, Ga., in late 2019, the agency […]

‘Free freeze’ day arrives for credit; bureau lists tips for taking advantage

September 21, 2018 0

Friday is the first day that a no-charge credit freeze is available to consumers, mandated under regulatory relief legislation enacted this spring – and the federal consumer financial protection agency highlighted the launch date on […]

UPDATED/Cleaning up: Fed proposes to repeal provisions in mortgage-licensing rules now overseen by consumer bureau

September 21, 2018 0

Essentially cleaning up its regulatory roster, the Federal Reserve Friday proposed rule changes that reflect the transferal of its jurisdiction over certain mortgage-licensing related rules to the federal consumer financial protection agency. The Fed is […]

BCFP Sept. 27 advisory council discussions to stream live

September 20, 2018 0

The Bureau of Consumer Financial Protection (BCFP, formerly known as CFPB) has allocated closed-discussion and open-discussion portions of its Sept. 27 meetings of three advisory bodies representing consumers and financial institutions, and the public sessions […]

BCFP hopes to draw 40 organizations to 2019 ‘Your Money, Your Goals’ cohort

September 19, 2018 0

Volunteer organizations, financial institutions, social service organizations, educators and others are sought as applicants to the 2019 cohort of groups utilizing the consumer financial protection agency’s “Your Money, Your Goals” financial empowerment tools in efforts […]

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Fed’s Kugler becomes latest board member to advocate for continued agency independence

November 14, 2024 0

Count Federal Reserve Board Gov. Adriana Kugler as an advocate of continued agency independence, who Thursday said that condition is “fundamental” to the Fed achieving good policy. In remarks to a meeting of the Latin American and Caribbean Economic Association [...]
VA firm must pay $3 million for taking funds, blocking accounts to pay for prisoner basic needs

November 14, 2024 0

A Virginia firm must pay $3 million for illegally taking millions of dollars from more than a half-million accounts and blocking money transfers to consumers who are incarcerated, according to charges made public by Thursday by the federal consumer financial [...]
OIG sets 4 recommendations for NCUA’s federal chartering process

November 14, 2024 0

Automation, better communication on process and a process for handling inquiries are recommended for the federal credit union regulator’s chartering process in an inspector general audit report released recently on the agency’s website. The National Credit Union Administration (NCUA) Office [...]
Small FL credit union conserved

November 14, 2024 0

The $59 million-in-assets Alliance Credit Union of Florida, Gainesville, Fla., was conserved last week by the state’s financial regulator, with the National Credit Union Administration (NCUA) named conservator. No specific reason for the conservatorship was provided in the NCUA’s evening [...]
PA bank failure, first of year, came from reclassified debt securities, dysfunctional management, report finds

November 13, 2024 0

Republic First Bank became “critically undercapitalized” in April – which a dysfunctional board and management team exacerbated, ultimately leading to the bank’s failure, according to the material loss review published Wednesday by the federal insurer of bank deposits. The report, [...]
Reports of suspected fraud using deepfake media spurs FinCEN to issue ‘red flags’ alert to FIs

November 13, 2024 0

An alert to help financial institutions identify fraud schemes targeting them and that are associated with the use of deepfake media created with generative artificial intelligence (GenAI) tools was issued Wednesday by Treasury’s financial crimes enforcement arm. The Financial Crimes [...]
Two promoted to OCC deputy controllers for large bank supervision

November 13, 2024 0

Two long-time bank examiners – Robert Barnes and Kevin Greenfield – were promoted to the posts of deputy comptrollers for large bank supervision, the Office of the Comptroller of the Currency (OCC) said Wednesday. The OCC said Barnes, a national [...]

EGRRCPA has spurred 35 actions by regulators so far, more than half during past six weeks

UPDATED/THIS WEEK: FOMC rate hike possible, BCFP councils meet, Powell talks economy

BCFP to open southeast regional office in Atlanta; move expected late 2019

‘Free freeze’ day arrives for credit; bureau lists tips for taking advantage

UPDATED/Cleaning up: Fed proposes to repeal provisions in mortgage-licensing rules now overseen by consumer bureau

BCFP Sept. 27 advisory council discussions to stream live

BCFP hopes to draw 40 organizations to 2019 ‘Your Money, Your Goals’ cohort

Rural, ‘micro’ areas hold highest incidence of ‘credit invisibles,’ bureau study finds

Fed, BCFP, data security bills approved by House committee

Bureau claims new ‘sandbox’ will encourage companies to test fresh disclosures

Fed’s Kugler becomes latest board member to advocate for continued agency independence

VA firm must pay $3 million for taking funds, blocking accounts to pay for prisoner basic needs

OIG sets 4 recommendations for NCUA’s federal chartering process

Small FL credit union conserved

PA bank failure, first of year, came from reclassified debt securities, dysfunctional management, report finds

Reports of suspected fraud using deepfake media spurs FinCEN to issue ‘red flags’ alert to FIs

Two promoted to OCC deputy controllers for large bank supervision