CFPB – Page 119 – Regulatory Report

What's up

[ March 12, 2025 ] Office hours focusing on topics of crypto, fintechs, innovation set for May by OCC OCC
[ March 11, 2025 ] FinCEN order ramps up CTR filing by money services businesses in certain CA, TX border areas Other
[ March 11, 2025 ] Credit unions see sharp jump in delinquencies, ROAA decay for 2024 NCUA
[ March 11, 2025 ] First new federal credit union of 2025 will serve portion of Harris County, TX NCUA
[ March 10, 2025 ] OCC reverses recent course on crypto activities making range of activities permissible OCC

Bureau moves ‘overdraft protection’ rules to inactive list of regulatory action

May 10, 2018 0

Six regulatory actions – including those proposed on “overdraft services” – have been moved to the “inactive list” the Bureau of Consumer Financial Protection (BCFP) notes in its spring 2018 rulemaking agenda released Thursday. “The […]

Mortgage disclosure ‘black hole’ fix effective June 1

May 10, 2018 0

A final rule removing a timing restriction for mortgage closing disclosures – referred to within the industry as a TILA/RESPA “black hole” – that could prevent a lender from charging otherwise valid closing cost increases is set […]

RFIs generate 3,000-plus letters so far; ‘Civil Investigative Demands’ accounts for 3 in every 4

May 9, 2018 0

More than 3,000 comment letters have been submitted on the dozen “requests for information” issued by the federal consumer financial protection agency since January – but more than three out of every four letters address […]

UPDATED: House passes measure repealing CFPB indirect auto lending guidance

May 8, 2018 0

The House, voting 234 to 175, on Tuesday adopted a Senate-passed resolution to repeal 2013 guidance from the Bureau of Consumer Financial Protection (BCFP) on indirect auto lenders’ compliance with federal fair lending requirements. The […]

Community Bank Council meeting to consider Reg E, debt collection, HMDA and more

May 8, 2018 0

A broad array of subjects – including the Home Mortgage Disclosure Act (HMDA), the Electronic Fund Transfer Act (Regulation E), debt collection, and mortgage origination – are on the agenda for the meeting of the […]

Tuesday House vote slated on repeal of BCFP indirect auto-loan guidance

May 7, 2018 0

The House is scheduled to vote as early as Tuesday on a Senate-passed resolution to repeal 2013 guidance from the Bureau of Consumer Financial Protection (BCFP) on indirect auto lenders’ compliance with federal fair lending […]

House setting stage for action next week on repeal of bureau’s indirect auto-loan guidance

May 3, 2018 0

A resolution passed last month by the Senate to repeal 2013 guidance – now deemed a rule – on indirect auto lenders’ compliance with federal fair lending requirements appears to be headed for House action […]

Comments to CFPB research council still welcome

May 2, 2018 0

Those interested can still send their comments to the Consumer Financial Protection Bureau (CFPB) Academic Research Council on the bureau’s methodology and direction for consumer finance research. The council held a public meeting today, but […]

OMB staffer named in charge of consumer bureau’s communications after serving dual role since November

April 30, 2018 0

John Czwartacki has been named chief communications officer and spokesman for the Bureau of Consumer Financial Protection (BCFP), the agency said in release Monday. According to the bureau, in November Czwartacki (a staff member for […]

HMDA, ‘requests for information’ on agenda for bureau’s credit union council

April 30, 2018 0

The Home Mortgage Disclosure Act (HMDA), and several of the recent “requests for information” prompted by Acting Director Mick Mulvaney in his quest for “evidence” that the agency is working toward its mission, will be […]

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Office hours focusing on topics of crypto, fintechs, innovation set for May by OCC

March 12, 2025 0

Virtual office hours focusing on technology and innovation – particularly about such topics as cryptocurrency and relationships between banks and financial technology companies (fintechs) — are set for May 6-8 by the national bank regulator, the agency said Wednesday. The [...]
FinCEN order ramps up CTR filing by money services businesses in certain CA, TX border areas

March 11, 2025 0

Treasury’s financial crimes enforcement arm on Tuesday issued a geographic targeting order (GTO) that ramps up currency transaction report (CTR) filing requirements, setting a $200 threshold, for money services businesses (MSBs) along portions of the southwest border. The order applies [...]
Credit unions see sharp jump in delinquencies, ROAA decay for 2024

March 11, 2025 0

Delinquencies at credit unions in 2024 rose by 15 basis points (bp), to 0.98% of loans, compared to the previous year, their federal regulator said Tuesday in releasing year-end financial performance statistics. National Credit Union Administration (NCUA) Board Chairman Kyle [...]
First new federal credit union of 2025 will serve portion of Harris County, TX

March 11, 2025 0

Heritage Hub Federal Credit Union of Houston, Texas, will open its doors in mid-2025 to primarily serve people who live, work, worship, or attend school in an 84-census-tract community within Harris County, the federal agency that regulates credit unions said [...]
OCC reverses recent course on crypto activities making range of activities permissible

March 10, 2025 0

Banks may engage in “a range of cryptocurrency activities” now deemed permissible by the national bank regulator, the agency said late Friday. In a release (and interpretive letter 1183 to banks) the Office of the Comptroller of the Currency (OCC) [...]
Banking agencies note rising risks for leveraged loans, stressed borrowers

March 10, 2025 0

Credit risk associated with large, syndicated bank loans as of June 30, 2024, remained moderate, banking regulators said Monday in their assessment of risk in the largest and most complex credit facilities shared by regulated banks and nonbanks, but they [...]