CFPB

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[ December 23, 2024 ] Charging $10 million in illegal deposit junk fees charged to drivers, CFPB sues WalMart, fintech CFPB
[ December 23, 2024 ] Scheme to illegally steer business to Rocket Mortgage draws CFPB suit CFPB
[ December 23, 2024 ] Shortcomings in anti-money laundering program prompts cease-and-desist order for BofA OCC
[ December 23, 2024 ] OCC publishes 2025 asset-size thresholds under CRA for small, intermediate banks OCC
[ December 20, 2024 ] Three of nation’s largest banks sued for allowing ‘fraud to fester’ on Zelle payment network CFPB

Bureau touts upgrades to credit card survey, with aim to increase price competition

March 21, 2023 0

Upgrades to a survey of credit card terms designed to increase price competition among the cards by allowing consumers to comparison shop for the best prices and products were announced Tuesday by the federal consumer […]

Probe looks at operations of data brokers, with aim at new rules under fair credit reporting

March 15, 2023 0

An investigation into companies that track and collect information on people’s personal lives – known as data brokers – has been launched by the federal consumer financial protection agency, it said in a release Wednesday. […]

Bureau collecting comments on rules over mortgage lending disclosures

March 10, 2023 0

Comments on rules implementing truth in mortgage lending are being sought by the federal consumer financial protection agency, it said Friday, related to its review of rules impact on small entities and others. The Consumer […]

Illegal junk fees the focus of CFPB’s Supervisory Highlights ‘special edition’

March 8, 2023 0

The consumer financial protection agency on Wednesday suggested its work focusing on surprise overdraft fees has led to “at least 20” of the largest banks in the country to no longer charge such fees and […]

‘Earned wage access’ programs by fintechs need clarification as to application of truth-in-lending rules, watchdog advises

March 8, 2023 0

“Earned wage access” products need clarification as to whether they are subject to truth-in-lending disclosures, the congressional watchdog said in a report issued Wednesday. The Government Accountability Office (GAO) said its report found that the […]

Consumer, labor relations agencies ink deal to share information on practices harming workers in ‘gig economy’

March 7, 2023 0

An information-sharing agreement aimed at alleged practices that harm workers in the “gig economy” was announced Tuesday by the federal labor relations and consumer financial protection agencies. According to the Consumer Financial Protection Bureau (CFPB) […]

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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 [...]
Scheme to illegally steer business to Rocket Mortgage draws CFPB suit

December 23, 2024 0

Rocket Homes and The Jason Mitchel Group were sued by the consumer financial protection agency Monday over allegations of illegal kickbacks for mortgage, title and escrow referrals in violation of the Real Estate Settlement Procedures Act (RESPA) and Regulation X, [...]
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 [...]
OCC publishes 2025 asset-size thresholds under CRA for small, intermediate banks

December 23, 2024 0

Asset-size thresholds at small and intermediate-sized banks for defining compliance with anti-redlining rules in 2025 were announced Monday by the regulator of national banks. The Office of the Comptroller of the Currency (OCC) said that, starting Jan. 1, a bank [...]

Bureau touts upgrades to credit card survey, with aim to increase price competition

Probe looks at operations of data brokers, with aim at new rules under fair credit reporting

Bureau collecting comments on rules over mortgage lending disclosures

Illegal junk fees the focus of CFPB’s Supervisory Highlights ‘special edition’

‘Earned wage access’ programs by fintechs need clarification as to application of truth-in-lending rules, watchdog advises

Consumer, labor relations agencies ink deal to share information on practices harming workers in ‘gig economy’

CFPB issues report on review of HMDA rule effectiveness

New findings link ‘buy now, pay later’ programs to borrowers using other credit products (including high interest loans)

Analysis focuses on fees charged for delivery of public benefits that ‘chip away’ at payments

Bureau in final stages of reviewing consumer disclosures under dual loan scenario

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

Scheme to illegally steer business to Rocket Mortgage draws CFPB suit

Shortcomings in anti-money laundering program prompts cease-and-desist order for BofA

OCC publishes 2025 asset-size thresholds under CRA for small, intermediate banks