CFPB – Page 128 – 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

Bureau singles out service providers for ‘illegal practices’ in mid-year 2017 report

September 13, 2017 0

Banks, auto lenders, credit card companies, debt collectors, mortgage lenders, and more are singled out for “illegal practices” against consumers in a CFPB report summarizing the bureau’s recoveries in the first half of the year. […]

Final rule raises threshold for Reg C open-end lines of credit

September 12, 2017 0

The threshold for collecting and reporting data about open-end lines of credit will increase for some financial institutions for a two-year period, beginning Jan. 1, according to a final rule scheduled to be published by […]

THIS WEEK (Sept. 11): CFPB comments due, hearing on Fed regulation/monetary policy roles

September 11, 2017 0

Comments about an extension of time to collect information about the small business lending market are due Thursday (Sept. 14) to the CFPB. In May, the bureau issued a request for information about small business […]

Bureau seeks comments again on student loan servicing metrics

September 6, 2017 0

Comments on CFPB quarterly data collection on aggregated student loan servicing metrics and borrower outcomes from student loan servicers are due Oct. 10, under a notice published Wednesday in the Federal Register. The bureau, in […]

Cordray notes focus remains on low-risk checking, alternative data

September 4, 2017 0

Establishment of low-risk checking or prepaid accounts at banks and credit unions, and use of “alternative data” in building credit records, continue to be goals of the Consumer Financial Protection Bureau (CFPB) in battling financial […]

Bureau issues warning about ‘pay-by-phone’ fees

July 31, 2017 0

Concerned about financial services and other companies that are “tricking consumers” into paying expensive fees for remitting by phone, the CFPB issued a warning today about charging the fees. The bureau also issued guidance that […]

Proposal would clarify HMDA data collection, report

April 13, 2017 0

A proposal clarifying the information financial institutions are required to collect and report about their mortgage lending – helping them, in turn, comply with Home Mortgage Disclosure Act (HMDA) rules – was issued today by […]

Proposal seeks more flexibility in collecting mortgage lending info

March 28, 2017 0

Providing additional flexibility to some mortgage lenders concerning the collection of consumer demographic information is the aim of a proposed amendment to Regulation B (Equal Credit Opportunity Act/ECOA) issued by the CFPB last week. According […]

Comments will be due April 5 on extended prepaid rule effective date

March 14, 2017 0

Comments on a delayed effective date (to April 1, 2018) for a CFPB rule on prepaid accounts will be due April 5, as a result of a notice to be filed tomorrow in the Federal […]

Bureau seeks continuation of councils/board, as action in Congress looms

February 22, 2017 0

Advisory boards and councils for the CFPB – representing community banks, credit unions, consumers and researchers – would be continued under notices to be published Thursday by the agency, despite proposed legislation likely to emerge […]

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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 [...]