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) 49

Consumer Financial Protection Bureau (CFPB) Office of the Comptroller of the Currency OCC CFPB 49

PYMNTS

SEPTEMBER 9, 2016

The Consumer Financial Protection Bureau (CFPB) and the Office of the Comptroller of the Currency have levied the highest penalties ever on the leading U.S. bank, but this is not the first time that Wells Fargo has been taken to task.

Consumer Financial Protection Bureau (CFPB) 40

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

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 47

CFPB Consumer Financial Protection Bureau (CFPB) Regs Office of the Comptroller of the Currency 47

PYMNTS

MARCH 2, 2018

The acting director of the Consumer Financial Protection Bureau (CFPB), Mick Mulvaney , could allow other regulators to be in charge of supervisory matter, in an attempt to prevent duplications within government agencies and to reduce the burden for financial firms when it comes to exams.

Consumer Financial Protection Bureau (CFPB) 40

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

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 40

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

PYMNTS

JULY 19, 2018

People familiar with the matter told WSJ that the Consumer Financial Protection Bureau (CFPB) is investigating the incident and is looking into whether customers were tricked and whether they had the ability to cancel the services.

Consumer Financial Protection Bureau (CFPB) 40

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

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) 40

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

PYMNTS

APRIL 20, 2018

In a “coordinated action” with the Office of the Comptroller of the Currency (OCC), the Bureau of Consumer Financial Protection Bureau (CFPB) announced a settlement with Wells Fargo on Friday (April 20): The CFPB assessed a $1 billion penalty against the bank, but the bureau credited the $500 million penalty collected by the OCC against the fine, (..)

OCC 40

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

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) 40

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

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. Further uncertainty was added to the mix by the Consumer Financial Protection Bureau (CFPB), noted the CBA.

OCC 40

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

Global Fintech & Digital Assets

JANUARY 12, 2024

Endnotes [1] The FFIEC members are the Board of Governors of the Federal Reserve System (FRB), the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC), the Consumer Financial Protection Bureau (CFPB), the National Credit Union Administration (NCUA), and the State Liaison Committee. [2]

FFIEC 52

FFIEC Process FRB Consumer Financial Protection Bureau (CFPB) 52

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 40

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

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 59

Treasury FS-ISAC Consumer Financial Protection Bureau (CFPB) Due Diligence 59

Global Fintech & Digital Assets

DECEMBER 21, 2023

Long , Parag Patel , Barrie VanBrackle , Becky Critchley , Deric Behar , and Charlotte Collins On December 6, 2023, the Office of the Comptroller of the Currency (OCC) issued Bulletin 2023-37 (Guidance), which clarifies the OCC’s policy positions on the risk management of “Buy Now, Pay Later” (BNPL) lending. By Arthur S.

OCC 59

OCC BNPL Electronic Fund Transfer Act (EFTA) Federal Trade Commission 59

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 85

Regulations Electronic Fund Transfer Act (EFTA) Federal Reserve Electronic Funds Transfer (EFT) 85

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. Scharf said there was “an enormous amount of resources working on it … I cannot give you a timeframe.”.

Consumer Financial Protection Bureau (CFPB) 52

Consumer Financial Protection Bureau (CFPB) Accounts Office of the Comptroller of the Currency OCC 52

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) 40

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