CFPB Newsroom
Apr 11, 2025
Enforcement
• The CFPB will not prioritize enforcement or supervision actions for small loan providers who do not meet future registration deadlines. • This relief applies to entities that are subject to certain agency and...
CFPB Newsroom
Mar 31, 2025
Rules
• The data includes loan-level information from financial institutions, modified for consumer privacy.
• The data set is now available for 2024 HMDA reporting.
CFPB Newsroom
Mar 28, 2025
Enforcement
The Bureau will focus its resources on threats to consumers, particularly servicemen and veterans; no specific actions or deadlines mentioned for credit unions.
CFPB Newsroom
Mar 28, 2025
Enforcement
The CFPB seeks to vacate an enforcement action against Townstone. The case was deemed abusive and unjust.
FDIC Financial Institution Letters
Mar 03, 2025
Proposals
The FDIC Board of Directors has withdrawn four outstanding proposed rules related to brokered deposits, corporate governance, the Change in Bank Control Act (CBCA), and incentive-based compensation arrangements. These proposals were intended to significantly...
FDIC Financial Institution Letters
Mar 03, 2025
Rules
TX
• Compliance date for certain provisions in the FDIC’s Sign and Advertising Rule has been delayed until March 1, 2026.
• The delay applies specifically to requirements related to digital channels and ATMs.
FDIC Financial Institution Letters
Mar 03, 2025
Proposals
• The FDIC Board of Directors approved a proposal to rescind the 2024 Bank Merger Policy Statement, reinstating the previous policy on an interim basis. • This move aims to address concerns about added...
CFPB Newsroom
Feb 03, 2025
Security
Scott Bessent was designated as Acting Director of the Consumer Financial Protection Bureau on January 31, 2025.
CFPB Newsroom
Jan 30, 2025
Enforcement
Wise was ordered to pay $2.5 million for illegal remittance practices; the case involves violations of consumer protection laws.
CFPB Newsroom
Jan 30, 2025
Guidance
The CFPB has released its annual list of consumer reporting companies; no specific changes or impacts mentioned for Texas credit unions.
CFPB Newsroom
Jan 29, 2025
Enforcement
• U.S. servicemembers face higher costs and greater financial risks in auto lending.
• The CFPB report highlights issues specific to this demographic.
CFPB Newsroom
Jan 28, 2025
The letter discusses the potential impact of barring medical bills from credit reports. It does not provide specific guidance or rules for credit unions but highlights an issue that could affect consumer credit scores...
CFPB Newsroom
Jan 28, 2025
Guidance
The letter discusses the potential impact of barring medical bills from credit reports. It highlights the need for balance between accurate reporting and avoiding financial harm due to inaccuracies.
CFPB Newsroom
Jan 28, 2025
Guidance
The letter discusses the CFPB's stance on barring medical bills from credit reports. The CFPB supports legislation in Oregon to prevent medical debt from being reported as negative information on credit reports.
CFPB Newsroom
Jan 28, 2025
The letter discusses the potential impact of barring medical bills from credit reports on consumers and financial institutions. No explicit action items are mentioned for credit unions.
CFPB Newsroom
Jan 28, 2025
The CFPB reports highlight challenges faced by rental households; data covers September 2021 to November 2024.
CFPB Newsroom
Jan 24, 2025
Guidance
• Cash-out refinance borrowers see improvements in their credit scores.
• The report was published by the Consumer Financial Protection Bureau (CFPB).
CFPB Newsroom
Jan 23, 2025
Enforcement
The rate of auto repossessions at the end of 2022 surpassed pre-pandemic levels; CFPB report highlights increased vehicle repossession rates.
CFPB Newsroom
Jan 17, 2025
Enforcement
• The CFPB ordered Equifax to pay $15 million for failing to properly investigate consumer disputes.
• This enforcement action pertains to the handling of credit reporting errors.
CFPB Newsroom
Jan 17, 2025
Enforcement
The CFPB took action against Draper & Kramer Mortgage Corporation for discriminatory mortgage lending activities; the company discouraged homebuyers from applying in majority-Black and Hispanic neighborhoods in Chicago and Boston.
CFPB Final Rules
Jan 07, 2025
Rules
The CFPB is finalizing a rule amending Regulation V under the FCRA, which prohibits creditors and consumer reporting agencies from including medical information in consumer reports. This change aims to protect consumers' privacy by...
CFPB Final Rules
Jan 03, 2025
Enforcement
The Bureau is adjusting the maximum amount of civil penalties for inflation within its jurisdiction; this change affects compliance officers and risk managers.
CFPB Final Rules
Dec 18, 2024
Rules
The final rule adjusts the asset-size exemption threshold for banks, savings associations, and credit unions based on the annual percentage change in the CPI-W. This affects how these institutions report home mortgage data under...
CFPB Final Rules
Dec 18, 2024
Rules
• The rule amends Regulation Z to implement changes made by the Dodd-Frank Act and updates asset-size thresholds for certain creditors. • The exemption for escrow accounts in higher-priced mortgage loans now applies to...
FDIC Financial Institution Letters
Dec 17, 2024
Proposals
The FDIC Board of Directors met on December 17, 2024, discussing the proposed 2025 FDIC Operating Budget and related policies. A closed session was held to request authority to sue former officers and directors...