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

As COVID-19 crisis recedes, homeowners continue to face challenges with mortgager servicers, CFPB reports

May 16, 2022 0

Homeowners continue to face significant risks and challenges connected to working with their mortgage servicers in the wake of the coronavirus crisis, the federal consumer financial protection agency said in a report issued Monday. In […]

Bureau levies $11 million in redress, fines against consumer, student-loan debt-relief payment processors

May 11, 2022 0

$11 million in consumer redress and civil money penalties were assessed Wednesday against debt-relief payment processors, and co-founders of one of the firms, the federal consumer financial protection agency said Wednesday. In a release, the […]

ECOA bars lenders from discriminating after making loan too, advisory opinion states

May 9, 2022 0

Lenders are barred from discriminating against customers after they have received a loan, not just during the application process, according to an advisory opinion issued Monday by the federal consumer financial protection agency. The Equal […]

Consumer bureau looking closer at digital redlining, algorithmic bias

May 6, 2022 0

The federal agency charged with consumer financial protection is “sharpening its focus” on digital redlining and algorithmic bias amid the growing influence of technology platforms, including big tech firms, in the financial services marketplace, the […]

BofA slapped with $10 million penalty for processing ‘illegal,’ out-of-state garnishment orders against customer accounts

May 4, 2022 0

A $10 million penalty was ordered against Bank of America for processing illegal, out-of-state garnishment orders against its customers’ bank accounts, the federal consumer financial protection agency said. According to the Consumer Financial Protection Bureau […]

Wrongful car seizures, breakdowns in credit report disputes among ‘highlights’ for 2nd half of ‘21

May 2, 2022 0

Wrongful car repossessions and breakdowns in credit report disputes are among the key findings in a report released Monday by the federal consumer financial protection agency on legal violations identified during supervisory examinations in the […]

Supervisory Authority Over Certain Nonbank Covered Persons Based on Risk Determination; Public Release of Decisions and Orders

April 29, 2022 0

Title: Supervisory Authority Over Certain Nonbank Covered Persons Based on Risk Determination; Public Release of Decisions and Orders Subject: Nonbank covered persons Agency: CFPB Status: Procedural rule; request for public comment Summary: The Consumer Financial […]

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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 [...]

As COVID-19 crisis recedes, homeowners continue to face challenges with mortgager servicers, CFPB reports

Bureau levies $11 million in redress, fines against consumer, student-loan debt-relief payment processors

ECOA bars lenders from discriminating after making loan too, advisory opinion states

Consumer bureau looking closer at digital redlining, algorithmic bias

BofA slapped with $10 million penalty for processing ‘illegal,’ out-of-state garnishment orders against customer accounts

Wrongful car seizures, breakdowns in credit report disputes among ‘highlights’ for 2nd half of ‘21

Supervisory Authority Over Certain Nonbank Covered Persons Based on Risk Determination; Public Release of Decisions and Orders

Bureau seeks to ban firm permanently from debt relief services; prohibit CEO from services for five years

Bureau to take on exams of nonbank firms posing risk to consumers; new rule proposed

Big remittance firm charged with stranding customers without cash, bungling instructions for resolving disputes

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