CFPB – Page 127 – Regulatory Report

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[ 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
[ November 12, 2024 ] Number of ‘unbanked’ households falls to record low; two-thirds of those rely solely on cash FDIC
[ November 12, 2024 ] CBDC in the Fed’s future? The payments committee chair still hasn’t heard a cogent argument The Fed
[ November 12, 2024 ] Former bank CEO prohibited, fined after violating written agreement with Federal Reserve The Fed

Rule, proposal aim to improve communications with troubled mortgage borrowers

October 4, 2017 0

Mortgage servicers would receive 10 more days to tell borrowers facing foreclosure — who have requested a cease in communication under federal debt collection law — about their options in preventing the foreclosure, under an […]

CFPB mum on comptroller charge that arbitration rule raises credit cost

October 2, 2017 0

No response has been made yet by the Consumer Financial Protection Bureau (CFPB) to an allegation that removing arbitration clauses for financial products and services raises costs of credit by about 25%. Acting Comptroller of […]

Title company ordered to cease activity, faces fine

September 27, 2017 0

An Indiana real estate settlement services provider was ordered to pay up to $1.25 million and cease illegal practices of steering consumers to a title insurer owned by its executives, the Consumer Financial Protection Bureau […]

Two in five struggling to make ends meet, bureau finds in ‘financial well-being’ survey

September 26, 2017 0

Millions of American adults – more than two in every five – struggle to make ends meet, and more than one-third of all consumers reported experiencing material hardships in the past year, according to the […]

Rule aims at more flexibility for mortgage lenders in collecting consumer ethnic, race info

September 20, 2017 0

A modification in federal mortgage rules that the Consumer Financial Protection Bureau (CFPB) said is aimed at providing additional flexibility for lenders in collecting consumer ethnicity and race information was finalized and published Wednesday by […]

High-profile settlement winners lied to by loan-marketing firm, CFPB alleges

September 19, 2017 0

Former professional football players suffering from neurological disorders, victims of the Deepwater Horizon oil-rig disaster, 9/11 first responders and others awaiting payment from legal settlements were lied to by a New Jersey company in loan […]

Guide offers summary for compliance with ‘Arbitration Rule’

September 19, 2017 0

A guide intended to be an easy-to-use summary of the Consumer Financial Protection Bureau’s (CFPB) Arbitration Agreements rule — and to highlight information that may be helpful when implementing the rule — has been published […]

Student loan trust faces fines, audits for illegal court action

September 18, 2017 0

Alleging that student loan borrowers were illegally sued for private student loan debt that the companies which made the loans couldn’t prove was owed or was too old to sue over, the Consumer Financial Protection […]

‘No action’ letter seeks info about ‘alternative data’ in lending applications

September 14, 2017 0

Calling it a “first,” the CFPB has issued a “no-action” letter to a California company that evaluates loan applications using “alternative data” rather than traditional methods in the agency’s efforts to learn more about how […]

Cordray: housing crisis recovery ‘uneven, painful’ for communities of color

September 13, 2017 0

The recovery from the housing meltdown of 2007-10 has been “uneven and painful” for communities of color, and it may take generations to restore what was lost, the director of the CFPB said Tuesday. In […]

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FDIC Board reportedly reaches ‘consensus’ on probe of execs over sexual harassment allegations

November 12, 2024 0

A “consensus” on how to investigate allegations of alleged sexual harassment misconduct by executives of the federal insurer of bank deposits was reportedly reached by the agency’s board during a closed, non-public meeting Tuesday, a member of the board said [...]
Consumer bureau identifies gaps in federal vs. states’ personal financial-data privacy protections, urges states to assess

November 12, 2024 0

Numerous states’ deference to federal law regarding consumer personal financial-data protections has left gaps in protections for financial data and financial products and services, according to a report released Tuesday by the Consumer Financial Protection Bureau (CFPB). The CFPB issued [...]
Number of ‘unbanked’ households falls to record low; two-thirds of those rely solely on cash

November 12, 2024 0

A record low 5.6 million households nationwide remain unbanked, the federal insurer of bank deposits said Tuesday, reporting that its latest survey shows nearly 96% of all households were, in fact, banked. According to the Federal Deposit Insurance Corp.’s (FDIC) [...]
CBDC in the Fed’s future? The payments committee chair still hasn’t heard a cogent argument

November 12, 2024 0

When it comes to a central bank digital currency (CBDC), count Federal Reserve Board Gov. Christopher Waller – the payments chair at the Fed – as a continued skeptic, hearing “no satisfactory answer” to the question of what problem it [...]
Former bank CEO prohibited, fined after violating written agreement with Federal Reserve

November 12, 2024 0

A former interim bank chief executive, and director, has been prohibited from future participation in the banking industry and fined $75,000, the Federal Reserve said Tuesday. The said Anthony R. Gressak III is a former director and former interim CEO [...]