CFPB

What's up

[ November 15, 2024 ] Delinquency rates on rise for CRE, some consumer loans, Fed supervision report finds The Fed
[ November 15, 2024 ] CLF’s 2025-26 budget, share insurance fund update slated next Thursday NCUA
[ November 15, 2024 ] Farmer Mac stock a permissible investment for some FCUs, agency opinion states NCUA
[ November 14, 2024 ] Fed’s Kugler becomes latest board member to advocate for continued agency independence The Fed
[ November 14, 2024 ] VA firm must pay $3 million for taking funds, blocking accounts to pay for prisoner basic needs CFPB

Settlement would force Florida company, CEO to refund $1 million to depositors

May 27, 2021 0

Alleged deceptive deposit and loan products have caused a Florida lending company and its CEO to face a $1 million refund to depositors, the federal consumer financial protection agency said Thursday. The Consumer Financial Protection […]

Consumers face higher interest rates, barriers to further credit when borrowing to buy manufactured homes, report asserts

May 27, 2021 0

Consumers borrowing to buy manufactured homes face higher interest rates and, ultimately, barriers to credit through limited refinancing options, the federal consumer financial protection agency contends in a report released Thursday. The data underlying the […]

CA auto-loan finance company to pay $565k to consumers, $50k penalty under CFPB order

May 21, 2021 0

The firm 3rd Generation, Inc., doing business as California Auto Finance (California Auto), will repay a total of $565,813 to 5,782 consumers plus a $50,000 civil money penalty for illegally charging interest on its loss […]

CFPB updates TRID FAQs, including impact of BUILD Act

May 18, 2021 0

Frequently asked questions (FAQs) about the Truth in Lending Act/Real Estate Settlement Procedures Act integrated disclosures (TRID) rule were updated recently to address housing assistance loans, including how the BUILD Act affects requirements for certain […]

« 1 … 42 43 44 45 46 … 130 »

Delinquency rates on rise for CRE, some consumer loans, Fed supervision report finds

November 15, 2024 0

Delinquency rates for some commercial real estate (CRE) loans and some consumer loans have increased to above pre-pandemic levels, and banks have boosted the allowance for credit losses in anticipation of further deterioration in asset quality, according to a supervision [...]
CLF’s 2025-26 budget, share insurance fund update slated next Thursday

November 15, 2024 0

The budget for the agency’s liquidity facility for credit unions is slated for action during the Nov. 21 open meeting of the National Credit Union Administration (NCUA) Board, which will also receive a credit union share (deposit) insurance fund briefing. [...]
Farmer Mac stock a permissible investment for some FCUs, agency opinion states

November 15, 2024 0

Federal credit unions (FCUs) may invest in common stock of the Federal Agricultural Mortgage Corporation, or Farmer Mac, to the extent they must in order to serve as loan originators or sellers in the program, the federal credit union regulator [...]
Fed’s Kugler becomes latest board member to advocate for continued agency independence

November 14, 2024 0

Count Federal Reserve Board Gov. Adriana Kugler as an advocate of continued agency independence, who Thursday said that condition is “fundamental” to the Fed achieving good policy. In remarks to a meeting of the Latin American and Caribbean Economic Association [...]
VA firm must pay $3 million for taking funds, blocking accounts to pay for prisoner basic needs

November 14, 2024 0

A Virginia firm must pay $3 million for illegally taking millions of dollars from more than a half-million accounts and blocking money transfers to consumers who are incarcerated, according to charges made public by Thursday by the federal consumer financial [...]
OIG sets 4 recommendations for NCUA’s federal chartering process

November 14, 2024 0

Automation, better communication on process and a process for handling inquiries are recommended for the federal credit union regulator’s chartering process in an inspector general audit report released recently on the agency’s website. The National Credit Union Administration (NCUA) Office [...]
Small FL credit union conserved

November 14, 2024 0

The $59 million-in-assets Alliance Credit Union of Florida, Gainesville, Fla., was conserved last week by the state’s financial regulator, with the National Credit Union Administration (NCUA) named conservator. No specific reason for the conservatorship was provided in the NCUA’s evening [...]
PA bank failure, first of year, came from reclassified debt securities, dysfunctional management, report finds

November 13, 2024 0

Republic First Bank became “critically undercapitalized” in April – which a dysfunctional board and management team exacerbated, ultimately leading to the bank’s failure, according to the material loss review published Wednesday by the federal insurer of bank deposits. The report, [...]
Reports of suspected fraud using deepfake media spurs FinCEN to issue ‘red flags’ alert to FIs

November 13, 2024 0

An alert to help financial institutions identify fraud schemes targeting them and that are associated with the use of deepfake media created with generative artificial intelligence (GenAI) tools was issued Wednesday by Treasury’s financial crimes enforcement arm. The Financial Crimes [...]

Settlement would force Florida company, CEO to refund $1 million to depositors

Consumers face higher interest rates, barriers to further credit when borrowing to buy manufactured homes, report asserts

CA auto-loan finance company to pay $565k to consumers, $50k penalty under CFPB order

CFPB updates TRID FAQs, including impact of BUILD Act

Financial regulators push AI comments deadline to July 1

CFPB seeks $5.4 million in consumer redress, $1 fine from MA debt settlement firm

Servicemember complaints to CFPB rose 14% in 2020, report shows

Consumers’ use of payday, title, pawn loans eyed in CFPB ‘data point’ report

Bureau says reports on minority mortgage delinquencies/forbearances, complaints indicate trouble due to pandemic

Letters put apartment landlords on notice: tenants are protected from eviction during pandemic

Delinquency rates on rise for CRE, some consumer loans, Fed supervision report finds

Farmer Mac stock a permissible investment for some FCUs, agency opinion states

Fed’s Kugler becomes latest board member to advocate for continued agency independence

VA firm must pay $3 million for taking funds, blocking accounts to pay for prisoner basic needs

OIG sets 4 recommendations for NCUA’s federal chartering process

Small FL credit union conserved

PA bank failure, first of year, came from reclassified debt securities, dysfunctional management, report finds

Reports of suspected fraud using deepfake media spurs FinCEN to issue ‘red flags’ alert to FIs