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Action to delay CFPB payday rule provisions slated for June, biz-lending data back on reg schedule

May 22, 2019 0

A delay in certain provisions of its payday rule is slated for final action in June by the Consumer Financial Protection Bureau (CFPB), according to details of the agency’s spring 2019 regulatory agenda. But the […]

Banks with lowest ratings at lowest point in eight years, comptroller’s risk report finds

May 22, 2019 0

The number of banks and mutual savings associations with exam ratings of 4 or 5 is at its lowest level since 2011, continuing a decline that began eight years ago, the federal regulator for the […]

Does your business have a bank account? OCC wants Congress to require info on who owns the entity under ‘beneficial ownership’

May 21, 2019 0

Congress should establish a consistent, nationwide requirement that legal entities provide and update accurate beneficial ownership information, a top official of the regulator of national banks told a Senate committee Tuesday. In testimony before the […]

NY regulator names NCUA conservator of Municipal Credit Union

May 20, 2019 0

A state-chartered, federally insured credit union that was taken over by New York regulators Friday is under conservatorship of the National Credit Union Administration (NCUA) and continues to serve members at all of its 22 […]

Proposed debt collection rule allows up to seven phone contacts a week with consumers

May 7, 2019 0

Debt collectors would be allowed up to seven telephone-contact attempts a week with consumers about a specific debt under a proposal issued by the federal consumer financial protection agency Tuesday. In a release, the Consumer […]

Bureau proposes higher thresholds for HMDA data reporting; wants input also on costs, benefits of gathering certain data points

May 2, 2019 0

Raising the coverage thresholds for collecting and reporting data about closed-end mortgage loans and open-end lines of credit under federal disclosure rules was proposed Thursday by the Consumer Financial Protection Bureau (CFPB). In a release, […]

Action to delay CFPB payday rule provisions slated for June, biz-lending data back on reg schedule

Banks with lowest ratings at lowest point in eight years, comptroller’s risk report finds

Does your business have a bank account? OCC wants Congress to require info on who owns the entity under ‘beneficial ownership’

NY regulator names NCUA conservator of Municipal Credit Union

Proposed debt collection rule allows up to seven phone contacts a week with consumers

Bureau proposes higher thresholds for HMDA data reporting; wants input also on costs, benefits of gathering certain data points

Student loan servicer will pay $3.9 million fine; admits to engaging in unfair practices

Credit union regulator bars three from future service in any insured institution

UPDATED: CFPB Town Hall May 8 will focus on debt collection

Bank, credit union regulators testify May 15 before Senate Banking

Echoing FDIC appointee, Fed withdraws from international regulator group focusing on climate-change policy

Honda financing arm to pay $12.8 million in redress, penalty over credit reporting violations during COVID-19 pandemic

Equifax hit with $15 million penalty over poor dispute handling

Cash App owner Block ordered to pay up to $175 million combined in redress, penalty

Credit union overdraft, non-sufficient funds fees not offset by reduced fees, lower rates, research finds

Credit union regulator gives nod to ’25 performance plan

‘Modest’ growth in lending reported as year ended; delinquencies still a concern