CFPB

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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

Consumers note benefits, drawbacks to overdraft programs in bureau report

November 22, 2017 0

Consumer understanding of overdraft programs — including their perceptions of experiences, beliefs about advantages, and drawbacks to alternatives – are explored through “qualitative interviews” about the product issued in a report by the Consumer Financial […]

$6.5 million in fines assessed to Citibank over student loan servicing

November 22, 2017 0

A dual fine totaling $6.5 million, and an order to “end these illegal servicing practices” was levied on Citybank, N.A. by the Consumer Financial Protection Bureau (CFPB) Tuesday over student loan servicing. According to the […]

Bureau formally closes the book on ‘arbitration rule’ by removing it from federal rule list

November 21, 2017 0

A formal removal of the “arbitration rule” from the list of federal rules and regulations has been filed by the Consumer Financial Protection Bureau (CFPB), closing the book on the regulation. “Under the Congressional Review […]

Outgoing consumer bureau director urges financial institutions to consider adopting new technology to protect customers, members

November 20, 2017 0

New technology making it feasible for financial institutions to enable consumers to exert “much greater control” over their credit cards, debit cards, and other payment methods should be considered for speedy adoption by financial institutions […]

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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 [...]

Consumers note benefits, drawbacks to overdraft programs in bureau report

$6.5 million in fines assessed to Citibank over student loan servicing

Bureau formally closes the book on ‘arbitration rule’ by removing it from federal rule list

Outgoing consumer bureau director urges financial institutions to consider adopting new technology to protect customers, members

$1.1 million fine levied against software firm for program that sent wrong information about borrowers

OMB director, long a critic, reportedly considered to run consumer bureau in interim role

Bureau finally publishes final rule on payday, vehicle title loans

No changes planned for FCRA allowable charges of $12

Cordray ending tenure at CFPB; White House to appoint ‘acting’

Online testing of overdraft disclosures under development

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