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

Report: Shutdown kept CFPB payday lending rule revisions from meeting January release

February 4, 2019 0

A much-anticipated revision of rules slated to take effect in August regulating payday lending is another victim of the recent partial government shutdown, according to a report Sunday. The New York Post reported that the delay […]

Proposed settlement bans payday lenders from offering any more loans; bars them from collecting on existing ones

February 1, 2019 0

A proposed settlement with up to nine payday lending groups and three individuals would permanently ban them from offering the typically short-term, high-interest loans to any consumer in the U.S. – and bar them from […]

Bureau updates list of consumer reporting companies; new features added

January 31, 2019 0

The latest list of consumer reporting companies was released by the federal consumer financial protection agency Thursday, which includes the three nationwide credit reporting companies as well as other companies that focus on certain market […]

Got questions about filing Reg C data? Handy (and long) reference chart points to answers

January 31, 2019 0

A reference tool, in the form of a very long chart, for data points required to be collected, recorded, and reported under Regulation C (Home Mortgage Disclosure Act, or HMDA) was published Thursday by the […]

Credit card experiences of consumers, providers sought in review of market

January 30, 2019 0

Information about the consumer credit card market – including experiences of consumers and providers, and on the overall health of the credit card market – is being is being sought by the Consumer Financial Protection […]

Final policy guidance for reporting data under HMDA rules set for publication

January 30, 2019 0

Final policy guidance describing modifications that the federal consumer financial protection agency intends to apply to loan-level data that financial institutions report under the Home Mortgage Disclosure Act (HMDA) and Regulation C before the data […]

Home Mortgage Disclosure (Regulation C) Adjustment to Asset-Size Exemption Threshold

January 29, 2019 0

Title: Home Mortgage Disclosure (Regulation C) Adjustment to Asset-Size Exemption Threshold Subject: Reg C Agency: CFPB Status: Final rule Summary: The Bureau of Consumer Financial Protection (Bureau) is amending the official commentary that interprets the […]

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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 [...]

Report: Shutdown kept CFPB payday lending rule revisions from meeting January release

Proposed settlement bans payday lenders from offering any more loans; bars them from collecting on existing ones

Bureau updates list of consumer reporting companies; new features added

Got questions about filing Reg C data? Handy (and long) reference chart points to answers

Credit card experiences of consumers, providers sought in review of market

Final policy guidance for reporting data under HMDA rules set for publication

Home Mortgage Disclosure (Regulation C) Adjustment to Asset-Size Exemption Threshold

Bureau report shows prepaid card complaints up, student loan complaints down

Federal Register publishes CFPB, other notices delayed due to shutdown

Payment processes, struggles to pay led consumer complaints about mortgages in bureau ‘snapshot’

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