CFPB – Page 125 – 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

Senators reach agreement on reg relief legislative package

November 13, 2017 0

Thirty-two items under five sections are outlined under Senate financial institution regulatory relief, as sponsored Monday by eight Republicans, eight Democrats and one independent. A key portion of the regulatory relief package: Section 401, which […]

Responses by consumers to debt-collection disclosure forms targets of survey

November 13, 2017 0

A web-based survey intended to gauge responses by consumers to debt collection disclosure forms is under development by the Consumer Financial Protection Bureau (CFPB), according to filings by the agency with the Federal Register. The […]

Consumer experience with access to free credit scores sought; free access list to be updated

November 9, 2017 0

Consumer experience in access to free credit scores – and the performance of organizations, including companies and non-profits, in offering access to the scores – is the subject of a request for information announced by […]

Agencies set thresholds for consumer credit, lease transaction exemptions

November 9, 2017 0

Dollar thresholds of $55,800 or less that will apply for determining exempt consumer credit and lease transactions in 2018 were announced Wednesday by the Federal Reserve and the Consumer Financial Protection Bureau (CFPB). The thresholds […]

Bureau charges largest debt settlement service with deceiving consumers

November 9, 2017 0

Deceiving consumers, including charging them without settling their debts as promised, are among several charges brought against the nation’s largest debt settlement services provider in a lawsuit brought Wednesday by the Consumer Financial Protection Bureau […]

Consumer bureau taps inside candidate to succeed enforcement chief

November 8, 2017 0

Kristen Donoghue, principal deputy for enforcement for the Consumer Financial Protection Bureau (CFPB) will become the agency’s next enforcement chief, according to press reports. Donoghue would succeed Anthony Alexis in the post, who announced in […]

Agencies increase mortgage appraisal threshold to $26k

November 8, 2017 0

An exemption threshold amount for appraisals on mortgages will increase to loans of $26,000 or less (from $25,500 or less), according to a final rule to be published by two federal banking regulators and the […]

On arbitration rule repeal, White House mum – acting comptroller chatty

November 2, 2017 0

The White House issued no statement in conjunction with President Donald Trump Wednesday signing the repeal of the Consumer Financial Protection Bureau’s (CFPB) “arbitration rule” – but the acting comptroller of the currency had plenty […]

Mortgage delinquency rates at lowest point since ‘great recession,’ consumer bureau says

October 30, 2017 0

Mortgage delinquency rates nationally are at their lowest point since the financial crisis, the Consumer Financial Protection Bureau (CFPB) reported Monday, as it announced a new “mortgage performance trends” tool which follows delinquency rates nationwide. […]

Trump expected to sign repeal of ‘Arbitration Agreements’ rule

October 25, 2017 0

Repeal of the “Arbitration Agreements” rule under the Congressional Review Act (CRA) is expected to be signed by President Donald Trump within days, following the Senate vote Tuesday (Oct. 24). Under the CRA, once a […]

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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 [...]