CFPB

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[ 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

Kraninger, panel will provide comments at House hearing on consumer bureau oversight

March 5, 2019 0

Consumer financial protection agency Director Kathleen (“Kathy”) Kraninger will be among six witnesses for Thursday’s hearing before a House panel, which is conducting an oversight hearing on the agency. Kraninger, the director of the Consumer […]

Technical Specifications for Submissions to the Prepaid Account Agreements Database

March 5, 2019 0

Title: Technical Specifications for Submissions to the Prepaid Account Agreements Database Subject: Prepaids Agency: CFPB Status: Final rule Summary: Beginning on April 1, 2019, prepaid account issuers are required to submit their currently-offered prepaid account […]

Advance Notice of Proposed Rulemaking on Residential Property Assessed Clean Energy Financing

March 4, 2019 0

Title: Advance Notice of Proposed Rulemaking on Residential Property Assessed Clean Energy Financing Subject: PACE Agency: CFPB Status: ANPR Summary: The Bureau of Consumer Financial Protection (Bureau) is issuing this Advance Notice of Proposed Rulemaking […]

In response to last year’s reg relief law, bureau proposes ‘PACE’ financing rules

March 4, 2019 0

A proposal to prescribe regulations on residential “Property Assessed Clean Energy (PACE)” financing was issued Monday by the federal consumer financial protection agency, as required under regulatory relief legislation enacted in May 2018. The Consumer […]

Following this week’s House panel session, Senate sets March 12 for semi-annual review of consumer bureau

March 4, 2019 0

The Senate will have its own turn with the federal consumer financial protection agency when it holds an oversight hearing next week, featuring the group’s new director. Kathleen (“Kathy”) Kraninger, the director of the Consumer […]

Servicemembers’ use of VA loans for first-home purchases rose during crisis and after, report shows

March 1, 2019 0

A report spanning the years leading up to and after the housing crisis shows a sharp rise in the proportion of servicemember mortgages guaranteed by the Department of Veterans Affairs (VA) among first-time homebuyers that […]

Week Ahead: Stage set for prickly hearing on consumer bureau, brokered deposit rule takes effect, regulators talk designations for ‘nonbank’

March 1, 2019 0

An oversight hearing on the federal consumer financial protection bureau – the first under its new director – plus proposed changes to how nonbank firms are determined to pose risks to financial stability and a new rule […]

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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 [...]

Kraninger, panel will provide comments at House hearing on consumer bureau oversight

Technical Specifications for Submissions to the Prepaid Account Agreements Database

Advance Notice of Proposed Rulemaking on Residential Property Assessed Clean Energy Financing

In response to last year’s reg relief law, bureau proposes ‘PACE’ financing rules

Following this week’s House panel session, Senate sets March 12 for semi-annual review of consumer bureau

Servicemembers’ use of VA loans for first-home purchases rose during crisis and after, report shows

Week Ahead: Stage set for prickly hearing on consumer bureau, brokered deposit rule takes effect, regulators talk designations for ‘nonbank’

‘Hundreds of thousands’ of suspicious activity reports involve older customers, quadrupling in four years, bureau finds

Bureau submission system open for prepaid issuer registration; first submissions due May 1

CFPB initiative about savings joins with other agencies in promoting America Saves Week

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