News stories tagged CFPB
CFPB News This Week
Biden Asks Supreme Court to Overturn Fifth Circuit’s CFPB Ruling The Biden Administration on Monday asked the U.S. Supreme Court to overturn an appeals court decision that found that the...
Implications of the 5th Circuit Court’s Decision on CFPB Funding
Complementary Webinar The 5th Circuit’s Decision on the CFPB’s Funding: What Does it Mean for the Bureau and are there Implications for NCUA and other Federal Agencies? Join us in...
Agencies Announce Dollar Thresholds in Regulation Z and Regulation M for Exempt Consumer Credit and Lease Transactions
October 13, 2022 — The Federal Reserve Board and the Consumer Financial Protection Bureau today announced the dollar thresholds used to determine whether certain consumer credit and lease transactions in 2023...
Fed’s Top Banking Regulator Signals Tougher Merger Reviews
Federal Reserve’s Michael Barr highlights priorities in initial public remarks Sept. 7, 2022—The Federal Reserve’s new regulatory chief said Wednesday that the central bank is considering how to more-closely scrutinize...
CFPB Gets Earful on Limiting Credit Card Late Fees
The Consumer Financial Protection Bureau is taking heat from banks and credit unions over its proposal to limit increases in credit card late fees that would otherwise increase because of...
Member Benefit: FinCEN and CFPB Summaries
Financial Crimes Enforcement Network (FinCEN), Treasury ACTION: Advance notice of proposed rulemaking. No-Action Letter Process TOPIC: FinCEN is issuing this advance notice of proposed rulemaking (ANPRM) to solicit public comment...
Member Benefit: CFPB Summary on the Request for Information Regarding Relationship Banking and Customer Service
BUREAU OF CONSUMER FINANCIAL PROTECTION [Docket No. CFPB–2022–0040] Federal Register Posting: Request for Information Regarding Relationship Banking and Customer Service AGENCY: Bureau of Consumer Financial Protection. ACTION: Request for information....
New Report Explores the Impact of Credit Card Line Decreases on Consumers
June 29, 2022 — When credit risk is on the rise, such as during an economic downturn, credit card companies may look at reducing consumers’ available credit limits to prevent...
CFPB & FDIC BoD on the Amended Deposit Insurance Fund Restoration Plan and Revised Deposit Insurance Assessment Rates
One of the FDIC’s most important responsibilities is to prudently manage the Deposit Insurance Fund. The FDIC’s ability to credibly guarantee our nation’s insured deposits is vital for the stability...
CFPB Orders Bank of America to Pay $10 Million Penalty for Illegal Garnishments
America’s second-largest bank unlawfully garnished the accounts of thousands of its customers May 04, 2022 – The Consumer Financial Protection Bureau (CFPB) finalized an enforcement action against Bank of America...
NASCUS Summary: Compliance Bulletin on the Mitigating Harm from Repossession of Automobiles
CFPB Bulletin 2022-04: Compliance Bulletin re: Mitigating Harm from Repossession of Automobiles 12 CFR Chapter X The Consumer Financial Protection Bureau (CFPB) is moving to thwart illegal repossessions in the...
NASCUS Summary: Compliance Bulletin on the Electronic Fund Transfer Act
CFPB Bulletin 2022-02: Compliance Bulletin on the Electronic Fund Transfer Act’s Compulsory Use Prohibition and Government Benefit Accounts Section 913 of the Electronic Fund Transfer Act (EFTA) provides, among other...