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

Report charges ‘rising volume’ of consumer complaints over coercive credit reporting of medical bills

April 20, 2022 0

A rising volume of coercive credit reporting and privacy intrusions based on unverified and inaccurate medical billing have been reported by consumers in their complaint calls made to the federal consumer financial protection agency, it […]

Bureau plans to expand efforts to address ‘bank deserts’ in rural communities

April 19, 2022 0

Referring to many rural communities as “bank deserts,” a report issued Tuesday by the federal consumer financial protection agency said the agency plans to expand its efforts to address that condition and “other challenges facing […]

International exercise Saturday focuses on GSIB resolution, cross-border resolution

April 19, 2022 0

A series of regular exercises and exchanges among the principals of key financial sector authorities in the United States, United Kingdom, and the European Banking Union is slated Saturday, the U.S. federal bank deposit insurer […]

CFPB notes top issues cited in 2021 consumer debt collection complaints

April 18, 2022 0

Top issues raised by consumers in the some 121,700 debt collection complaints received last year by the federal consumer financial protection bureau included the debt not being theirs, problems with written notifications, and being threatened […]

TransUnion, top executive sued for continued violations of 2017 order to stop deceptive marketing

April 12, 2022 0

Continuing violations of a 2017 enforcement order to stop deceptive marketing have led to a lawsuit against one of the three largest credit reporting firms and one of its longtime executives by the federal consumer […]

Comments due May 9 on proposal protecting human trafficking survivors from negative credit reports

April 11, 2022 0

A proposed rule prohibiting consumer reporting agencies (CRAs) from including negative information resulting from abuse of human trafficking survivors in those individuals’ credit reports is subject to a public comment period that concludes May 9. […]

Prohibition on Inclusion of Adverse Information in Consumer Reporting in Cases of Human Trafficking (Regulation V)

April 11, 2022 0

Title: Prohibition on Inclusion of Adverse Information in Consumer Reporting in Cases of Human Trafficking (Regulation V) Subject: Credit reporting Agency: CFPB Status: Final rule Summary: The Consumer Financial Protection Bureau (Bureau) is amending Regulation […]

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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 [...]

Report charges ‘rising volume’ of consumer complaints over coercive credit reporting of medical bills

Bureau plans to expand efforts to address ‘bank deserts’ in rural communities

International exercise Saturday focuses on GSIB resolution, cross-border resolution

CFPB notes top issues cited in 2021 consumer debt collection complaints

TransUnion, top executive sued for continued violations of 2017 order to stop deceptive marketing

Comments due May 9 on proposal protecting human trafficking survivors from negative credit reports

Prohibition on Inclusion of Adverse Information in Consumer Reporting in Cases of Human Trafficking (Regulation V)

CFPB director notes concern over service providers’ hold on small institutions; have ‘too much power’

Human trafficking survivors would not be subject to negative credit reports under proposal

CFPB’s Chopra urges group to consider medical debt on credit reports – and credit reporting firms as ‘cartel’

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