CFPB – Page 107 – Regulatory Report

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[ December 23, 2024 ] Charging $10 million in illegal deposit junk fees charged to drivers, CFPB sues WalMart, fintech CFPB
[ December 23, 2024 ] Scheme to illegally steer business to Rocket Mortgage draws CFPB suit CFPB
[ December 23, 2024 ] Shortcomings in anti-money laundering program prompts cease-and-desist order for BofA OCC
[ December 23, 2024 ] OCC publishes 2025 asset-size thresholds under CRA for small, intermediate banks OCC
[ December 20, 2024 ] Three of nation’s largest banks sued for allowing ‘fraud to fester’ on Zelle payment network CFPB

UPDATED: Latest RFI seeks input on how data is collected, used by consumer bureau

September 26, 2018 0

Sources for data and how the information is used are the subjects for a “request for information” (RFI) issued Tuesday by the federal consumer financial protection agency; comments will be accepted until Dec. 27. Accompanying […]

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 […]

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

September 18, 2018 0

Consumers in rural areas and “micropolitan statistical areas” – non-rural census tract areas outside of metropolitan statistical areas (MSAs) – have the highest incidence of being “credit invisible,” according to a new report issued Monday […]

Fed, BCFP, data security bills approved by House committee

September 14, 2018 0

A dozen bills were approved and reported out by the House Financial Services Committee Thursday, among them one that would modify Federal Reserve monetary policy operations and another that would require the Bureau of Consumer […]

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Charging $10 million in illegal deposit junk fees charged to drivers, CFPB sues WalMart, fintech

December 23, 2024 0

One of the nation’s largest retailers and a financial technology (fintech) firm were sued Monday for alleged illegal opening of accounts for delivery drivers and the two harvesting more than $10 million in “junk fees,” the federal consumer financial protection [...]
Scheme to illegally steer business to Rocket Mortgage draws CFPB suit

December 23, 2024 0

Rocket Homes and The Jason Mitchel Group were sued by the consumer financial protection agency Monday over allegations of illegal kickbacks for mortgage, title and escrow referrals in violation of the Real Estate Settlement Procedures Act (RESPA) and Regulation X, [...]
Shortcomings in anti-money laundering program prompts cease-and-desist order for BofA

December 23, 2024 0

Violations and unsafe or unsound practices at one of the nation’s largest banks relating to anti-money laundering (AML) rules and sanctions compliance programs has prompted a cease-and-desist order by the regulator of national banks, made public Monday. The Office of [...]
OCC publishes 2025 asset-size thresholds under CRA for small, intermediate banks

December 23, 2024 0

Asset-size thresholds at small and intermediate-sized banks for defining compliance with anti-redlining rules in 2025 were announced Monday by the regulator of national banks. The Office of the Comptroller of the Currency (OCC) said that, starting Jan. 1, a bank [...]