CFPB – Page 3 – Regulatory Report

What's up

[ February 25, 2025 ] Banks bump up profitability in fourth quarter with net income of $66.8 billion; ROA also sees a jump FDIC
[ February 25, 2025 ] Report on credit unions’ federal share insurance fund slated Thursday NCUA
[ February 21, 2025 ] Report: NCUA management agrees to seek improved examiner-in-charge rotation policy compliance NCUA
[ February 21, 2025 ] FDIC updates list of entities seeking brokered deposits ‘primary purpose’ exception FDIC
[ February 20, 2025 ] GAO urges regulators to adopt rules on executive incentive compensation (after 14 years) FDIC

CFPB sues Berkshire Hathaway affiliate that it says pushed people into unaffordable mobile home loans

January 6, 2025 0

A suit filed Monday by the federal consumer financial protection agency says that a financing unit of Clayton Homes, Inc. – the largest manufactured home builder in the U.S. and a wholly owned subsidiary of […]

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,” […]

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 […]

Three of nation’s largest banks sued for allowing ‘fraud to fester’ on Zelle payment network

December 20, 2024 0

Claiming three of the largest banks in the country allowed “fraud to fester” on an online payment provider, resulting in more than $870 million lost by customers over seven years, the federal consumer financial protection […]

Bureau warns against ‘illegal’ devaluing of rewards points by credit card firms; calls actions ‘bait and switch’

December 18, 2024 0

Some credit card companies operating rewards programs may be breaking the law, including by illegally devaluing rewards points and airline miles, the federal consumer financial protection agency warned Wednesday. The Consumer Financial Protection Bureau (CFPB), […]

Final rule bans lenders from ‘setting borrowers up to fail’ through PACE loans for solar panels, disaster readiness

December 17, 2024 0

Lenders would be banned from “setting borrowers up to fail” for loans on clean energy – such as those for solar panels — and disaster readiness loans paid back through property tax bills under a […]

Report targets ‘unlawful activities’ across student loan markets as repayment pause lifted

December 16, 2024 0

A range of alleged unlawful activities identified across student loan markets – including in refinancing, servicing and debt collection – and involving both federal and private loans is outlined in report issued Monday by the […]

Not surprisingly, higher mortgage rates depress mortgage applications – especially for refinancings

December 13, 2024 0

A “significant drop” last year in annual mortgage applications and originations– especially among refinancings – was prompted by higher mortgage interest rates, according to a report issued Friday by the federal consumer financial protection agency. […]

Bureau highlights deadlines for “covered” nonbanks to register on portal; Jan. 14 is date for ‘larger participants’

December 13, 2024 0

The first deadline for “participant covered nonbanks” in a new registry is Jan. 14, the federal consumer financial protection agency said in a “reminder” sent Friday. The Consumer Financial Protection Bureau (CFPB) said its new […]

Final overdraft rule issued; offers banks, credit unions three options for ‘managing’ programs

December 12, 2024 0

A final rule on overdraft lending programs for large banks and credit unions was finalized Thursday that, the federal consumer financial protection agency said, gave the financial institutions “several options to manage their overdraft lending […]

« 1 2 3 4 5 … 134 »

Banks bump up profitability in fourth quarter with net income of $66.8 billion; ROA also sees a jump

February 25, 2025 0

Net income of $66.8 billion for the fourth quarter of last year was posted by the nation’s banks, the federal insurer of bank deposits said Tuesday, while also noting that return on assets (ROA) – the basic yardstick of profitability [...]
Report on credit unions’ federal share insurance fund slated Thursday

February 25, 2025 0

No regulatory action items are on the brief agenda for Thursday’s open meeting of the National Credit Union Administration (NCUA) Board, though the board is slated to receive a report on the federal share insurance fund and reveal who will [...]
Report: NCUA management agrees to seek improved examiner-in-charge rotation policy compliance

February 21, 2025 0

A self-initiated audit of the agency’s compliance with its examiner-in-charge rotation policy and procedures found rotation occurred but identified several instances where it did not comply, according to a report by the agency’s inspector general office. The report by the [...]
FDIC updates list of entities seeking brokered deposits ‘primary purpose’ exception

February 21, 2025 0

After a long pause, the federal bank deposit insurer has resumed updating its list of notices of entities seeking a “primary purpose” exception under the agency’s brokered deposits regulation. Specifically, the four firms listed are seeking a primary purpose exception [...]