CFPB – Page 126 – 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

Webinar on disabilities assistance, directors workshop in N.M. announced

October 23, 2017 0

A webinar about financial education resources to help persons with disabilities, and a workshop in New Mexico for bank directors and officers, were announced by two federal banking agencies Monday. Webinar, Nov. 15: The Federal […]

Treasury pans CFPB’s final ‘arbitration rule’ in report

October 23, 2017 0

Seven “defects” of the final rule on “Arbitration Agreements” issued by the Consumer Financial Protection Bureau (CFPB) this summer are outlined in a report issued by the Treasury Department Monday. In its analysis, Treasury stated […]

9 principles aim to protect consumers in authorizing third-party access to financial data

October 19, 2017 0

Principles for protecting consumers when authorizing third-parties to access their financial data for financial products and services were unveiled Wednesday by the Consumer Financial Protection Bureau (CFPB), with an aim of fostering development of “innovative […]

Bureau sets ‘preventing harm to consumers’ as top goal in new strategic plan

October 18, 2017 0

A draft strategic plan that lists its top goal as “preventing harm to consumers while promoting good practices that work for consumers, responsible providers, and the economy as a whole” has been posted by the […]

Comments due Nov. 17 on Reg Z ‘periodic statements’ adjustment

October 17, 2017 0

Comments will be due Nov. 17 on a proposal that aims to provide “more certainty” for mortgage servicers about when to provide periodic statements to consumers about their bankruptcy case. The proposal, issued by the […]

Bureau asserts complaints yielded $750M in student loan relief

October 17, 2017 0

Complaints by student loan borrowers have driven actions that have produced more than $750 million in relief for student loan borrowers and strengthened the student loan repayment process for millions more, the Consumer Financial Protection […]

Comptroller, CFPB director square off over ‘arbitration rule’ in writings

October 14, 2017 0

Two top federal financial institution regulators are squaring off over the “arbitration rule” by the Consumer Financial Protection Bureau (CFPB) which take effects early next year, with both questioning the data used by the other […]

Bureau sues debt relief companies for claim of federal affiliation

October 12, 2017 0

Two debt relief companies that allegedly claimed falsely that they are affiliated with the federal government were sued Thursday by the Consumer Financial Protection Bureau (CFPB). The bureau also alleged that the companies falsely promised […]

Evaluating borrower’s chance of success principle behind payday loan rule

October 5, 2017 0

The principle that lenders must actually evaluate the borrower’s chances of success before making a loan is just plain common sense, Consumer Financial Protection Bureau (CFPB) Director Richard Cordray told the press Thursday in conference […]

Final ‘payday lending’ rule requires ‘full payment test’ in determining if borrowers can repay

October 5, 2017 0

A final rule requiring payday lenders and others to determine upfront whether consumers can repay their loans was issued Thursday by the Consumer Financial Protection Bureau (CFPB), covering payday loans, auto title loans, deposit advance […]

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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 [...]