CFPB – Page 123 – Regulatory Report

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[ November 13, 2024 ] PA bank failure, first of year, came from reclassified debt securities, dysfunctional management, report finds FDIC
[ November 13, 2024 ] Reports of suspected fraud using deepfake media spurs FinCEN to issue ‘red flags’ alert to FIs Other
[ November 13, 2024 ] Two promoted to OCC deputy controllers for large bank supervision OCC
[ November 12, 2024 ] FDIC Board reportedly reaches ‘consensus’ on probe of execs over sexual harassment allegations FDIC
[ November 12, 2024 ] Consumer bureau identifies gaps in federal vs. states’ personal financial-data privacy protections, urges states to assess CFPB

Board approves 2018 $2.1 billion budget (down 3% from previous year), with acting CFPB director’s participation

December 19, 2017 0

A nearly $2.1 billion budget for 2018 was approved 3-0 Tuesday by the board overseeing the nation’s bank and savings institution insurance fund, a decrease of about 3% from the previous year. The voting included […]

Deposit insurer’s board meeting opens opportunity for two newest members to attend

December 15, 2017 0

The 2018 operating budget for the insurer of savings in the nation’s banks and savings associations will be under consideration when its board meets Tuesday – which may include a first appearance in that role […]

FSOC ’17 report pledges commitment to sufficient capital, liquidity for financial institutions

December 14, 2017 0

Financial regulators should continue to ensure that financial institutions have sufficient capital and liquidity to reduce threats to economic and financial shocks, the federal umbrella group for the regulators said in its annual report, released […]

Consumer complaint process spurs more inquiries in ’17 to ombudsman’s office

December 7, 2017 0

Inquiries about the consumer complaint process of the Consumer Financial Protection Bureau (CFPB) were up in nearly every category this year, the agency’s ombudsman’s office outlined in its annual report released Wednesday, following a trend […]

GAO finds bureau bulletin on indirect auto lending ‘guidance’ is subject to congressional review

December 5, 2017 0

A 2013 bulletin about auto lending and compliance with federal credit reporting laws issued by the Consumer Financial Protection Bureau (CFPB) is a general statement of policy and a rule subject the Congressional Review Act (CRA), […]

Firm reports consumer bureau suspends investigation in court hearing

December 5, 2017 0

An investigation by the Consumer Financial Protection Bureau (CFPB) into the practices of a Virginia-based bail-bonds firm has been suspended, according to a release by the company issued Monday. Nexus Services Inc., of Verona, Va., […]

Mulvaney will remain as acting CFPB director, judge rules

November 28, 2017 0

Mick Mulvaney will remain as interim Director of the Consumer Financial Protection Bureau (CFPB), and Leandra English will continue as deputy director of the agency – for now – following a ruling Tuesday by a […]

Hearing Tuesday afternoon considers arguments in dual Bureau directors’ case

November 28, 2017 0

(Note: updated Nov. 28) A judge’s decision is expected as soon as Tuesday on a request to declare the deputy director of the Consumer Financial Protection Bureau (CFPB) the acting director — and block President […]

Mulvaney takes seat as acting director; English files suit, legal memos swirl

November 27, 2017 0

Mick Mulvaney, designated Friday as acting director of the Consumer Financial Protection Bureau (CFPB) while simultaneously continuing to serve as director of the Office of Management and Budget (OMB), took a seat at the bureau’s […]

Cordray taps chief of staff as deputy director; Trump ups ante with own appointment

November 24, 2017 0

Leandra English was tapped deputy director of the Consumer Financial Protection Bureau (CFPB) by outgoing Director Richard Cordray, the agency announced in a release Friday; English is now the agency’s chief of staff. As deputy director, […]

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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 [...]