CFPB – Page 18 – Regulatory Report

What's up

[ December 23, 2024 ] Charging $10 million in illegal deposit junk fees charged to drivers, CFPB sues WalMart, fintech Federal financial regulation
[ December 23, 2024 ] Shortcomings in anti-money laundering program prompts cease-and-desist order for BofA OCC
[ December 20, 2024 ] Three of nation’s largest banks sued for allowing ‘fraud to fester’ on Zelle payment network CFPB
[ December 20, 2024 ] WARM holiday greetings: Agency issues quarterly update to tool for calculating CECL NCUA
[ December 20, 2024 ] FinCEN provides financial institutions ‘red flags’ of potential frauds using FinCEN’s name Other

North of $22 million to be shared with consumers harmed by debt relief firm, agency asserts

May 5, 2023 0

More than $22 million will be distributed to about 6,500 consumers who were allegedly harmed by a Maryland-based debt relief and credit repair company, the federal consumer financial protection agency said Friday. In a post […]

CFPB research, consumer, bank and credit union councils to meet

May 4, 2023 0

The four groups that advise the Consumer Financial Protection Bureau (CFPB) on the bureau’s policy agenda and matters affecting consumers, consumer banks and credit unions are set to hold virtual public meetings from May 16-19, […]

Fair Debt Collection Practices Act (Regulation F); Time-Barred Debt

May 4, 2023 0

Title: Fair Debt Collection Practices Act (Regulation F); Time-Barred Debt Subject: FDCPA Agency: CFPB Status: Advisory opinion Summary: The Consumer Financial Protection Bureau (CFPB) is issuing this advisory opinion to affirm that the Fair […]

Interim rule would conform Reg Z to legislation completing transition away from LIBOR

April 28, 2023 0

Regulation Z, implementing the Truth in Lending Act (TILA), would be conformed with legislation enacted last year to complete the transition away from a now-defunct interest rate reference tool under an interim final rule unveiled […]

Complaints show military members not receiving free credit monitoring services they are entitled to, agency claims

April 27, 2023 0

Military servicemembers are often not receiving the free credit monitoring services they are entitled to under the law, according to the federal consumer financial protection agency, evidenced by complaints received by the agency. In a […]

Agencies issue joint reminder that U.S. dollar LIBOR ends June 30; urges banks, credit unions to ensure they have ready alternatives

April 26, 2023 0

U.S. dollar (USD) London Inter-Bank Offered Rate (LIBOR) panels end June 30, and banks and credit unions are expected to complete their transition of remaining LIBOR contracts as soon as practicable, the federal banking, credit […]

Advisory asserts attempting to foreclose on ‘zombie mortgages’ is illegal, with focus on ‘piggybacks’

April 26, 2023 0

A debt collector who brings or threatens to bring a state court foreclosure action on a mortgage that is past the statute of limitations may violate the Fair Debt Collection Practices Act (FDCPA) and implementing […]

Seeing potential trouble ahead with AI, agencies vow to enforce anti-discrimination laws, rules

April 25, 2023 0

Protecting consumers from unlawful discrimination created by automated systems using artificial intelligence (AI) and other emerging automated systems is the aim of a pledge made Tuesday by the federal consumer financial protection agency and three […]

After losing data source, bureau turns to ICE to help calculate APORs for mortgages

April 14, 2023 0

A revised approach for determining the average prime offer rates (APOR) for purposes of federal mortgage rules was released Friday by the federal consumer financial protection agency. According to the Consumer Financial Protection Bureau (CFPB), […]

Consumer bureau policy statement on ‘abusive acts or practices’ slated for publication in Federal Register; comments invited

April 11, 2023 0

How the federal consumer financial protection agency approaches the 2010 Consumer Financial Protection Act’s (CFPA) prohibition against abusive acts or practices by consumer service providers is discussed in a policy statement slated for publication in […]

« 1 … 16 17 18 19 20 … 132 »

Charging $10 million in illegal deposit junk fees charged to drivers, CFPB sues WalMart, fintech

December 23, 2024 0

One of the nation’s largest retailers and a financial technology (fintech) firm were sued Monday for alleged illegal opening of accounts for delivery drivers and the two harvesting more than $10 million in “junk fees,” the federal consumer financial protection [...]
Shortcomings in anti-money laundering program prompts cease-and-desist order for BofA

December 23, 2024 0

Violations and unsafe or unsound practices at one of the nation’s largest banks relating to anti-money laundering (AML) rules and sanctions compliance programs has prompted a cease-and-desist order by the regulator of national banks, made public Monday. The Office of [...]