CFPB – Page 134 – Regulatory Report

What's up

[ October 31, 2025 ] Agency announces prohibitions, including two in MS and NC for misappropriations involving hundreds of thousands of dollars FDIC
[ October 31, 2025 ] Former MN credit union teller barred from future FI service NCUA
[ October 30, 2025 ] Report: credit union regulator board to stop publishing annual meeting schedules NCUA
[ October 30, 2025 ] Fed announces two prohibitions, from workers at AL and TN banks (the latter a NY branch) The Fed
[ October 29, 2025 ] CFPB rescinds rule on nonbank persons registry, withdraws proposal on firms using form contracts; more CFPB

‘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 […]

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 […]

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Agency announces prohibitions, including two in MS and NC for misappropriations involving hundreds of thousands of dollars

October 31, 2025 0

Prohibitions for September were announced Friday by the federal bank deposit insurance agency, including two for allegedly misappropriating hundreds of thousands of dollars from their respective banks. The Federal Deposit Insurance Corp. (FDIC) said Shelley C. Bounchareune, a former employee [...]
Former MN credit union teller barred from future FI service

October 31, 2025 0

A former teller of Affinity Plus Federal Credit Union of Saint Paul, Minn., was barred from any future work in federally insured financial institutions under an October prohibition order. In the consent order, the National Credit Union Administration (NCUA) said [...]
Fed announces two prohibitions, from workers at AL and TN banks (the latter a NY branch)

October 30, 2025 0

Two prohibitions, both the result of recent consent agreements, were made public against two bankers by the Federal Reserve Thursday: one for a former New York worker, and the other for a former Alabama bank employee. The Fed said Md [...]
CFPB rescinds rule on nonbank persons registry, withdraws proposal on firms using form contracts; more

October 29, 2025 0

Nonbank “covered persons” who are subject to court or government agency’s final public orders related to offering or providing consumer financial products or services no longer need to get themselves on a registry maintained by the Consumer Financial Protection Bureau [...]
CFPB: FCRA’s state-law preemption on credit reporting broader than held in 2022

October 28, 2025 0

The Fair Credit Reporting Act’s (FCRA) preemption of state laws related to consumer credit reporting is broader than presented in a now-rescinded 2022 interpretive rule, the Consumer Financial Protection Bureau (CFPB) says. The CFPB, in a new interpretive rule published [...]
OCC wants to rescind guidelines for big banks on recovery planning; says banks ‘should’ be doing it anyway

October 27, 2025 0

Big banks – those with at least $100 billion in assets – are expected to be well managed and have appropriate risk-management processes in place; thus, no guidelines on “recovery planning” are necessary, the national bank regulator proposed late Monday. [...]
Comptroller jumps on stress-test reform bandwagon, praising Fed request for comment

October 27, 2025 0

Calling the current stress-test regime for large banks “too complex and opaque,” the national bank regulator late Monday praised the Federal Reserve for proposing changes to the stress test models. Comptroller of the Currency Jonathan V. Gould said the Fed’s [...]