PYMNTS

OCTOBER 12, 2016

appeal of the 2014 $109M financial penalty imposed by the CFPB. Currently, the CFPB Director, who reports to the President, can only be removed for cause. Not surprisingly, the verdict has drawn sharp responses across the board from opponents and supporters of the CFPB alike. They upheld the CFPB’s findings and imposed a $6.4

CFPB 60

CFPB Rules FRB NCUA 60

Global Fintech & Digital Assets

JANUARY 12, 2024

The director may determine the merits of the appeal, or at the election of the financial institution, refer the appeal to an administrative law judge appointed by the FFIEC to conduct a hearing. In any hearing, neither the director nor the administrative law judge could defer to the opinions of the examiner or agency.

FFIEC 52

FFIEC Process FRB Consumer Financial Protection Bureau (CFPB) 52

Innovative Payments Association

FEBRUARY 24, 2025

As evidence of this, Rodney Hood, the former chairman of the National Credit Union Administration Board (NCUA) , was appointed to be the acting comptroller on Feb. Jonathan McKernan, the CFPB nominee, was nominated to head the CFPB on Feb. But that did not lead to him being nominated for the comptroller position.

Consumer Financial Protection Bureau (CFPB) 40

Consumer Financial Protection Bureau (CFPB) Office of the Comptroller of the Currency FDIC CFPB 40

FICO

DECEMBER 15, 2020

In late October, the CFPB released Part 1 of its long-awaited update to the Fair Debt Collections Practices Act governing third-party collectors. The legislation includes nearly 200 pages of the most significant reforms to the Bank Secrecy Act (BSA) and anti-money laundering (AML) laws since the USA PATRIOT Act of 2001.

BSA 52

BSA Suspicious Activity Report (SAR) Financial Inclusion AML 52