Consumer Financial Protection Bureau (CFPB), OCC and Office of the Comptroller of the Currency

Consumer Financial Protection Bureau (CFPB)

OCC

Office of the Comptroller of the Currency

US agencies provide advice for combatting elder financial exploitation

Finextra

DECEMBER 4, 2024

The Board of Governors of the Federal Reserve System (FRB), Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Financial Crimes Enforcement Network (FinCEN), National Credit Union Administration (NCUA), Office of the Comptroller of the Currency (OCC), and state financial regulators issued a joint statement this (..)

Consumer Financial Protection Bureau (CFPB)

Consumer Financial Protection Bureau (CFPB) Office of the Comptroller of the Currency FRB NCUA

Today In Payments: Biden Expected To Name Michael Barr To Head OCC; Biden’s Treasury Pick Yellen Leary Of Crypto

PYMNTS

JANUARY 21, 2021

In today’s top news, President Biden is expected to pick Michael Barr to head the OCC, and Janet Yellen, Biden’s pick for Treasury Secretary, is expected to take a hard stance toward crypto. Plus, the chief of the CFPB stepped down at Biden’s request. Biden Expected To Name Professor Michael Barr To Head OCC. challenger bank.

OCC

OCC Consumer Financial Protection Bureau (CFPB) Treasury Office of the Comptroller of the Currency

OCC Issues Policy Guidance on Buy Now, Pay Later Lending

Global Fintech & Digital Assets

DECEMBER 21, 2023

The OCC outlines safety and soundness principles and appropriate risk management processes for its regulated institutions that engage in BNPL lending. The OCC expects that banks engaged in BNPL lending “do so within a risk management system that is commensurate with associated risks.” By Arthur S.

OCC

OCC BNPL Electronic Fund Transfer Act (EFTA) Federal Trade Commission

Webinars

From Start to Scale: Driving Growth Through Seamless Payments Implementation

MORE WEBINARS

Wells Fargo Chair Quits Before Testimony

PYMNTS

MARCH 9, 2020

Waters said the two also did not follow legal orders with the Consumer Financial Protection Bureau (CFPB), Federal Reserve Board and Office of the Comptroller of the Currency (OCC). Committee Chair Maxine Waters (D-Calif.)

Consumer Financial Protection Bureau (CFPB)

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

CFPB And OCC Confirm Wells Fargo’s $1B Fine

PYMNTS

APRIL 20, 2018

I am especially pleased that we were able to work closely and effectively with our colleagues at the OCC, and I appreciate the key role they played in the negotiations,” Consumer Financial Protection Bureau Acting Director Mick Mulvaney said in a statement. “As

OCC

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

OCC Puts Small-Dollar Loans Back In The Spotlight

PYMNTS

MAY 24, 2018

The Office of the Comptroller of the Currency (OCC) issued a new guidance encouraging banks to offer responsible short-term, small-dollar loans to their customers. In 2013, the OCC had discouraged short-term lending by banks with limitations on what could be offered to customers depending on their credit.

OCC

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

Wells Fargo Balks At Auto Loan Scandal Compensation Remedy

PYMNTS

NOVEMBER 23, 2018

In June, Wells Fargo submitted a plan to regulators as part of a $1 billion settlement it reached with the Consumer Financial Protection Bureau (CFPB) and the Office of the Comptroller of the Currency (OCC).

Consumer Financial Protection Bureau (CFPB)

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

FinTech Reg Sandbox Takes Shape Via CFPB

PYMNTS

JUNE 4, 2018

The Consumer Financial Protection Bureau (CFPB) said this past week that it is linking up with the Commodity Futures Trading Commission, eyeing a regulatory sandbox for FinTech firms. The sandbox is getting a bit bigger — the regulatory kind, that is.

CFPB

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

Wells Fargo Plan To Compensate Auto Insurance Holders Rejected

PYMNTS

SEPTEMBER 12, 2018

Reuters , citing three sources familiar with the matter, reported that the Consumer Financial Protection Bureau (CFPB) and the Office of the Comptroller of the Currency (OCC) told the bank that it has to do more to make sure it has located and compensated everyone impacted by the practice.

Consumer Financial Protection Bureau (CFPB)

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

CFPB Set To Sue Santander Over Auto Protection Product

PYMNTS

NOVEMBER 27, 2017

The Consumer Financial Protection Bureau (CFPB) is gearing up to sue Spain-based Santander Bank, claiming the bank has overcharged its car loan customers. Citing sources familiar with the CFPB’s plans, Reuters reported that the CFPB suit could happen as soon as Monday (Nov. regulator.

CFPB

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

New York Venture Bank Seeks National Bank Charter

PYMNTS

NOVEMBER 23, 2017

New York Venture Bank, a new financial institution (FI) created by big names in the financial services industry, has applied for a national bank charter. Its proposed president and CEO, Judith Erwin, is a former executive at Square 1 Financial. According to a Wednesday (Nov. and John Flemming, Carpenter & Co.’s

Consumer Financial Protection Bureau (CFPB)

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

Proposed Bill Would Reform Bank Exam Processes

Global Fintech & Digital Assets

JANUARY 12, 2024

Key Provisions The FAIR Exams Act would amend the Federal Financial Institutions Examination Council Act of 1978 in three primary ways: 1. Whether the bill will garner enough support in Congress to become law remains to be seen.

FFIEC

FFIEC Process FRB Consumer Financial Protection Bureau (CFPB)

Bipartisan Policy Center Report Urges Small Business Financial Reforms

PYMNTS

AUGUST 1, 2018

The proposed changes include moving the collection and storage of small business lending data, required under the Dodd-Frank Act , from the Consumer Financial Protection Bureau (CFPB) to the Office of Financial Research (OFR).

Small Business

Small Business Consumer Financial Protection Bureau (CFPB) Office of the Comptroller of the Currency CFPB

US Department of the Treasury and FSSCC Lay Groundwork for Greater Cloud Adoption

The Fintech Times

JULY 20, 2024

Rohit Chopra, director at CFPB “Our financial system is essential infrastructure for the entire economy, and it is deeply reliant on a handful of powerful big tech cloud service providers,” said Consumer Financial Protection Bureau (CFPB) director, Rohit Chopra.

Treasury

Treasury FS-ISAC Consumer Financial Protection Bureau (CFPB) Due Diligence

An Overview of Payment Regulation In The USA

Clearly Payments

FEBRUARY 8, 2024

Consumer Financial Protection Bureau (CFPB): Established in response to the 2008 financial crisis, the CFPB is tasked with protecting consumers in the financial marketplace. Office of the Comptroller of the Currency (OCC): As an independent bureau within the U.S.

Regulations

Regulations Electronic Fund Transfer Act (EFTA) Federal Reserve Electronic Funds Transfer (EFT)

Wells CEO Faces Hill Grill On Account Scandals

PYMNTS

MARCH 10, 2020

Chairwoman Waters highlighted the fact that the OCC has pointed to tens of thousands of cases requiring remediation for consumer abuse. He said in his testimony that the business model had been flawed.

Consumer Financial Protection Bureau (CFPB)

Consumer Financial Protection Bureau (CFPB) Accounts Office of the Comptroller of the Currency OCC

Is US Financial Regulatory Reform Dead or Ready for Take Off?

FICO

JULY 17, 2017

These include eliminating the proprietary trading restrictions of the ‘Volcker’ Rule, major changes to the Financial Stability Oversight Council and the diminished authority and independence of the Consumer Financial Protection Bureau (CFPB). And now there is even more on Congress’s plate.

Consumer Financial Protection Bureau (CFPB)

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

Payments Space

US agencies provide advice for combatting elder financial exploitation

Today In Payments: Biden Expected To Name Michael Barr To Head OCC; Biden’s Treasury Pick Yellen Leary Of Crypto

OCC Issues Policy Guidance on Buy Now, Pay Later Lending

Webinars

Wells Fargo Chair Quits Before Testimony

CFPB And OCC Confirm Wells Fargo’s $1B Fine

OCC Puts Small-Dollar Loans Back In The Spotlight

Wells Fargo Balks At Auto Loan Scandal Compensation Remedy

FinTech Reg Sandbox Takes Shape Via CFPB

Wells Fargo Plan To Compensate Auto Insurance Holders Rejected

CFPB Set To Sue Santander Over Auto Protection Product

New York Venture Bank Seeks National Bank Charter

Proposed Bill Would Reform Bank Exam Processes

Bipartisan Policy Center Report Urges Small Business Financial Reforms

US Department of the Treasury and FSSCC Lay Groundwork for Greater Cloud Adoption

An Overview of Payment Regulation In The USA

Wells CEO Faces Hill Grill On Account Scandals

Is US Financial Regulatory Reform Dead or Ready for Take Off?

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