CFPB

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[ December 20, 2024 ] Three of nation’s largest banks sued for allowing ‘fraud to fester’ on Zelle payment network CFPB
[ December 20, 2024 ] WARM holiday greetings: Agency issues quarterly update to tool for calculating CECL NCUA
[ December 20, 2024 ] FinCEN provides financial institutions ‘red flags’ of potential frauds using FinCEN’s name Other
[ December 20, 2024 ] OCC annual report notes sound banking system, but urges banks to guard against complacency OCC
[ December 19, 2024 ] More than one-third of workers at FDIC witnessed or experienced sexual harassment, report asserts FDIC

Consumer bureau’s research council eyes methodology, direction of future research

April 25, 2018 0

A council of academics that advises the Consumer Financial Protection Bureau (CFPB) Office of Research is set to meet May 2 to discuss methodology and direction for the bureau’s consumer finance research. The Academic Research […]

Time for change: Mulvaney officially rearranges the letters in consumer agency acronym to BCFP

April 24, 2018 0

Just when you trained your word processing software to accept the acronym “CFPB” as the short way to refer to the federal consumer financial protection agency, the acting head of the organization changes the letters […]

Bureau’s dozen RFIs rack up 200 comments so far; first period closes Thursday

April 23, 2018 0

With the first due date coming this week, at least 200 comment letters have been logged so far in the federal consumer financial protection agency’s quest to elicit “evidence” on how the agency is doing […]

On top of $1 billion fine, Wells to draft plan for remediation of harmed customers

April 20, 2018 0

A total of $1 billion in fines plus restitution – with restitution yet to be determined – was ordered to be paid by Wells Fargo Bank, N.A., over abuses and unsafe practices related to its […]

CFPB annual audit recommends actions related to travel, contracts

April 19, 2018 0

The budget process relative to policies and procedures is among the items outlined in the annual independent audit of the federal consumer financial protection agency, published Wednesday. Among the recommendations included in the document are […]

House expected to soon join Senate in voting to kill CFPB’s rule on indirect auto lending

April 18, 2018 0

Senators voted 51-47 Wednesday to disapprove a rule – adopted five years ago as guidance – outlining indirect auto lenders’ compliance with fair lending requirements, including caps on interest rates. The bill now heads to […]

Senate on threshold of vote to disapprove 5-year-old CFPB action setting interest rate caps on indirect auto loans

April 17, 2018 0

The Senate was poised Tuesday to disapprove a five-year-old action by the federal consumer financial protection agency outlining indirect auto lenders’ compliance with fair lending requirements, including caps on interest rates. Senators voted along party […]

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Three of nation’s largest banks sued for allowing ‘fraud to fester’ on Zelle payment network

December 20, 2024 0

Claiming three of the largest banks in the country allowed “fraud to fester” on an online payment provider, resulting in more than $870 million lost by customers over seven years, the federal consumer financial protection agency Friday filed suit against [...]
WARM holiday greetings: Agency issues quarterly update to tool for calculating CECL

December 20, 2024 0

The latest life-of-loan – or Weighted Average Remaining Maturity (WARM) – factors are included in the updated simplified tool for credit unions released Friday to measure credit losses, their federal regulator said. The National Credit Union Administration (NCUA) said for [...]
FinCEN provides financial institutions ‘red flags’ of potential frauds using FinCEN’s name

December 20, 2024 0

An alert about fraud schemes abusing the name, insignia, and authorities of Treasury’s financial crimes enforcement unit for financial gain was issued this week to warn corporations, money services businesses and financial institutions and urge that suspected incidents be reported. [...]
OCC annual report notes sound banking system, but urges banks to guard against complacency

December 20, 2024 0

The federal banking system is sound, but banks were urged to guard against complacency and remain vigilant according to the national bank regulator’s 2024 annual report, issued Friday. The Office of the Comptroller of the Currency (OCC) said the report [...]

Consumer bureau’s research council eyes methodology, direction of future research

Time for change: Mulvaney officially rearranges the letters in consumer agency acronym to BCFP

Bureau’s dozen RFIs rack up 200 comments so far; first period closes Thursday

On top of $1 billion fine, Wells to draft plan for remediation of harmed customers

CFPB annual audit recommends actions related to travel, contracts

House expected to soon join Senate in voting to kill CFPB’s rule on indirect auto lending

Senate on threshold of vote to disapprove 5-year-old CFPB action setting interest rate caps on indirect auto loans

Week ahead: Quarles before Congress, Brainard on reg reform, regulator boards meet – and more

Arguments before appeals court over CFPB ‘acting director’ revolve around meanings in statutes, ‘will’ of the president

Mulvaney tells panel his CFPB stint ends June 22 if Trump fails to submit a nomination

Three of nation’s largest banks sued for allowing ‘fraud to fester’ on Zelle payment network

WARM holiday greetings: Agency issues quarterly update to tool for calculating CECL

FinCEN provides financial institutions ‘red flags’ of potential frauds using FinCEN’s name

OCC annual report notes sound banking system, but urges banks to guard against complacency